Is 28422, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 28422 was a Seller's Market.
Key Takeaway
28422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28422, NC
How much do homes in 28422, NC cost?
Median Sold Price
$378,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28422 have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in 28422 was $378,000 in March 2024, up 11.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39K | - | N/A |
| 2 Bedrooms | $225.3K | $270K | +19.8% |
| 3 Bedrooms | $336.2K | $395K | +17.5% |
| 4 Bedrooms | $364.9K | $364.3K | -0.2% |
| 5+ Bedrooms | $376.4K | $323K | -14.2% |
Summary: 28422 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 14.2%.
Housing Supply in 28422, NC
How many homes are available in 28422, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 176 | 173 | -1.7% |
Summary: The 28422 real estate market had 173 homes for sale in March 2024, a 1.7% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 98 | 96 | -2.0% |
| 4 Bedrooms | 68 | 70 | +2.9% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 28422 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 decreased by 33.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28422, expect to pay close to the asking price. 47.1% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in 28422 in March 2024, down by 26.1% month-over-month. Of the 17 sold homes, 41% were sold under asking, 47% were sold at asking, and 12% were sold over asking.
Days on Market for 28422, NC
How long does it take to sell a home in 28422, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 88 Days | 85 Days | -3.9% |
Summary: Homes in 28422 had an average of 85 days on market in Mar 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28422 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 28422; 47% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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