Is 28412, 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, 28412 has remained a Seller's Market.
Key Takeaway
28412 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28412, NC
How much do homes in 28412, NC cost?
Median Sold Price
$400,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28412 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 28412 was $400,000 in March 2024, up 2.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.2K | $195K | +10.0% |
| 2 Bedrooms | $249.4K | $265K | +6.2% |
| 3 Bedrooms | $375K | $399.3K | +6.5% |
| 4 Bedrooms | $485.7K | $530K | +9.1% |
| 5+ Bedrooms | $572.5K | $645K | +12.7% |
Summary: 28412 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 12.7%.
Housing Supply in 28412, NC
How many homes are available in 28412, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 217 | 222 | +2.3% |
Summary: The 28412 real estate market had 222 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 44 | 50 | +13.6% |
| 3 Bedrooms | 112 | 114 | +1.8% |
| 4 Bedrooms | 49 | 45 | -8.2% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 28412 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 49 | 0.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28412, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in 28412 in March 2024, the same as the previous month. Of the 49 sold homes, 53% were sold under asking, 24% were sold at asking, and 22% were sold over asking.
Days on Market for 28412, NC
How long does it take to sell a home in 28412, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 31 Days | +5.4% |
Summary: Homes in 28412 had an average of 31 days on market in Mar 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28412 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 49 homes were sold in 28412; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
