Is 28401, 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, 28401 has remained a Seller's Market.
Housing Prices in 28401, NC
How much do homes in 28401, NC cost?
Median Sold Price
$340,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28401 was $340,000 in March 2024, up 0.2% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $349.2K | $390K | +11.7% |
2 Bedrooms | $260K | $292.1K | +12.4% |
3 Bedrooms | $340K | $339.9K | 0% |
4 Bedrooms | $388.8K | $416K | +7.0% |
5+ Bedrooms | $479K | $633.5K | +32.3% |
Summary: 28401 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 12.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 32.3%.
Housing Supply in 28401, NC
How many homes are available in 28401, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
210 | 220 | +4.8% |
Summary: The 28401 real estate market had 220 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 27 | +28.6% |
2 Bedrooms | 51 | 53 | +3.9% |
3 Bedrooms | 97 | 97 | 0.0% |
4 Bedrooms | 30 | 28 | -6.7% |
5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The 28401 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 3.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 43 | +2.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 28401 in March 2024, up by 2.4% month-over-month. Of the 43 sold homes, 56% were sold under asking, 23% were sold at asking, and 21% were sold over asking.
Days on Market for 28401, NC
How long does it take to sell a home in 28401, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 69 Days | +76.9% |
Summary: Homes in 28401 had an average of 69 days on market in Mar 2024, up by 76.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in 28401; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.