Is 28409, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 28409 has remained a Seller's Market.
Housing Prices in 28409, NC
How much do homes in 28409, NC cost?
Median Sold Price
$499,173
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 28409 was $499,173 in February 2024, up 9.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $385K | +35.1% |
2 Bedrooms | $256K | $285K | +11.3% |
3 Bedrooms | $405.5K | $425K | +4.8% |
4 Bedrooms | $515K | $579.8K | +12.6% |
5+ Bedrooms | $643K | $675.5K | +5.1% |
Summary: 28409 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.1%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 28409, NC
How many homes are available in 28409, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
143 | 152 | +6.3% |
Summary: The 28409 real estate market had 152 homes for sale in February 2024, a 6.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 75 | 67 | -10.7% |
4 Bedrooms | 48 | 61 | +27.1% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 28409 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 41 | +28.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 28409 in February 2024, up by 28.1% month-over-month. Of the 41 sold homes, 66% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 28409, NC
How long does it take to sell a home in 28409, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
45 Days | 62 Days | +38.1% |
Summary: Homes in 28409 had an average of 62 days on market in Feb 2024, up by 38.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 41 homes were sold in 28409; 39% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.