Is 28327, 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, 28327 has remained a Seller's Market.
Key Takeaway
28327 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28327, NC
How much do homes in 28327, NC cost?
Median Sold Price
$428,080
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28327 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 28327 was $428,080 in March 2024, up 3.2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $190K | -33.3% |
| 2 Bedrooms | $250K | $265K | +6.0% |
| 3 Bedrooms | $364K | $363K | -0.3% |
| 4 Bedrooms | $458K | $471K | +2.8% |
| 5+ Bedrooms | $499.4K | $530K | +6.1% |
Summary: 28327 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 6.1%.
Housing Supply in 28327, NC
How many homes are available in 28327, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 144 | 142 | -1.4% |
Summary: The 28327 real estate market had 142 homes for sale in March 2024, a 1.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 50 | 54 | +8.0% |
| 4 Bedrooms | 52 | 45 | -13.5% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The 28327 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 increased by 4.2%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 33 | +43.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28327, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in 28327 in March 2024, up by 43.5% month-over-month. Of the 33 sold homes, 24% were sold under asking, 45% were sold at asking, and 30% were sold over asking.
Days on Market for 28327, NC
How long does it take to sell a home in 28327, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 88 Days | 103 Days | +16.7% |
Summary: Homes in 28327 had an average of 103 days on market in Mar 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28327 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in 28327; 39% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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