Is 28314, 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, 28314 has remained a Seller's Market.
Key Takeaway
28314 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28314, NC
How much do homes in 28314, NC cost?
Median Sold Price
$213,152
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28314 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 28314 was $213,152 in April 2024, up 10% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $77K | +18.5% |
| 2 Bedrooms | $110K | $126.3K | +14.9% |
| 3 Bedrooms | $187K | $206.7K | +10.6% |
| 4 Bedrooms | $260.5K | $265K | +1.7% |
| 5+ Bedrooms | $340K | $370K | +8.8% |
Summary: 28314 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in 28314, NC
How many homes are available in 28314, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 244 | 240 | -1.6% |
Summary: The 28314 real estate market had 240 homes for sale in April 2024, a 1.6% 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 | 21 | 33 | +57.1% |
| 3 Bedrooms | 177 | 155 | -12.4% |
| 4 Bedrooms | 41 | 50 | +22.0% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The 28314 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 increased by 57.1%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 85 | +19.7% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28314, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
Summary: A total of 85 homes were sold or pending in 28314 in April 2024, up by 19.7% month-over-month. Of the 85 sold homes, 46% were sold under asking, 32% were sold at asking, and 22% were sold over asking.
Days on Market for 28314, NC
How long does it take to sell a home in 28314, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 23 Days | -55.0% |
Summary: Homes in 28314 had an average of 23 days on market in Apr 2024, down by 55% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28314 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 85 homes were sold in 28314; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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