Is 28315, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 28315 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $425K | N/A |
2 Bedrooms | $287.5K | $284.9K | -0.9% |
3 Bedrooms | $305K | $307.5K | +0.8% |
4 Bedrooms | $400K | $431.9K | +8.0% |
5+ Bedrooms | $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%.
Housing Supply in 28315, NC
How many homes are available in 28315, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 79 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 30 | 27 | -10.0% |
4 Bedrooms | 45 | 39 | -13.3% |
5+ Bedrooms | 10 | 8 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 24 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 106 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
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.