Is 28312, 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, 28312 has remained a Seller's Market.
Key Takeaway
28312 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28312, NC
How much do homes in 28312, NC cost?
Median Sold Price
$300,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28312 have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in 28312 was $300,000 in April 2024, down 3.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $116K | $72.2K | -37.7% |
| 3 Bedrooms | $246.4K | $252K | +2.3% |
| 4 Bedrooms | $334.9K | $340K | +1.5% |
| 5+ Bedrooms | $443.9K | $450K | +1.4% |
Summary: 28312 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 decreased by 37.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Zip Codes
| 28391 | $289.9K | $326K | +12.4% |
| 28318 | $260K | $279.9K | +7.7% |
| 28306 | $269.4K | $284.4K | +5.5% |
| 28312 | $312K | $300K | -3.8% |
| 28395 | $360K | $305K | -15.3% |
Housing Supply in 28312, NC
How many homes are available in 28312, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 75 | 0.0% |
Summary: The 28312 real estate market had 75 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 38 | 41 | +7.9% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 28312 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 25%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28312, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 28312 in April 2024, down by 10.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for 28312, NC
How long does it take to sell a home in 28312, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 124 Days | 51 Days | -58.8% |
Summary: Homes in 28312 had an average of 51 days on market in Apr 2024, down by 58.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28312 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in 28312; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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