Is 28411, 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, 28411 has remained a Seller's Market.
Housing Prices in 28411, NC
How much do homes in 28411, NC cost?
Median Sold Price
$452,055
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 28411 was $452,055 in February 2024, up 11% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $267K | $287.5K | +7.7% |
3 Bedrooms | $335K | $374.3K | +11.7% |
4 Bedrooms | $546.7K | $578K | +5.7% |
5+ Bedrooms | $613.8K | $755K | +23.0% |
Summary: 28411 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 23%.
Housing Supply in 28411, NC
How many homes are available in 28411, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
137 | 151 | +10.2% |
Summary: The 28411 real estate market had 151 homes for sale in February 2024, a 10.2% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 67 | 79 | +17.9% |
4 Bedrooms | 53 | 51 | -3.8% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 28411 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 200%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
33 | 30 | -9.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 28411 in February 2024, down by 9.1% month-over-month. Of the 30 sold homes, 63% were sold under asking, 20% were sold at asking, and 17% were sold over asking.
Days on Market for 28411, NC
How long does it take to sell a home in 28411, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
27 Days | 51 Days | +85.1% |
Summary: Homes in 28411 had an average of 51 days on market in Feb 2024, up by 85.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 30 homes were sold in 28411; 37% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.