Is 28315, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28315 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 28315 has remained a Seller's Market.

Key Takeaway

28315 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28315, NC

How much do homes in 28315, NC cost?

Median Sold Price

$387,475

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$27,475(+7.6%)

Key Takeaway

Homes in 28315 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 28315 was $387,475 in March 2024, up 7.6% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$425K
N/A
2 $287.5K$284.9K
-0.9%
3 $305K$307.5K
+0.8%
4 $400K$431.9K
+8.0%
5+ $459.9K$523.9K
+13.9%

Summary: 28315 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Zip Codes

28387
+11.2%
28373
+10.1%
28315
+7.6%
28374
+2.4%

Housing Supply in 28315, NC

How many homes are available in 28315, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9079-12.2%

Summary: The 28315 real estate market had 79 homes for sale in March 2024, a 12.2% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 44
0.0%
3 3027
-10.0%
4 4539
-13.3%
5+ 108
-20.0%

Summary: The 28315 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1324+84.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28315, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

Summary: A total of 24 homes were sold or pending in 28315 in March 2024, up by 84.6% month-over-month. Of the 24 sold homes, 29% were sold under asking, 63% were sold at asking, and 8% were sold over asking.

Days on Market for 28315, NC

How long does it take to sell a home in 28315, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
47 Days106 Days+125.6%

Summary: Homes in 28315 had an average of 106 days on market in Mar 2024, up by 125.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28315 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 24 homes were sold in 28315; 33% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in 28315, NC

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