Is 28311, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 28311 has remained a Seller's Market.
Key Takeaway
28311 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28311, NC
How much do homes in 28311, NC cost?
Median Sold Price
$240,666
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28311 have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in 28311 was $240,666 in April 2024, down 1.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | - | N/A |
| 2 Bedrooms | $120K | $130K | +8.3% |
| 3 Bedrooms | $205K | $205K | 0.0% |
| 4 Bedrooms | $323K | $317K | -1.9% |
| 5+ Bedrooms | $407K | $422.5K | +3.8% |
Summary: 28311 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 28311, NC
How many homes are available in 28311, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 181 | 177 | -2.2% |
Summary: The 28311 real estate market had 177 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 105 | 98 | -6.7% |
| 4 Bedrooms | 59 | 60 | +1.7% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 28311 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 54 | +28.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28311, expect to pay close to the asking price. 46.3% of homes here sold near the asking price last month.
Summary: A total of 54 homes were sold or pending in 28311 in April 2024, up by 28.6% month-over-month. Of the 54 sold homes, 31% were sold under asking, 46% were sold at asking, and 22% were sold over asking.
Days on Market for 28311, NC
How long does it take to sell a home in 28311, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 34 Days | -49.9% |
Summary: Homes in 28311 had an average of 34 days on market in Apr 2024, down by 49.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28311 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 54 homes were sold in 28311; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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