Is 28428, 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, 28428 was a Seller's Market.
Key Takeaway
28428 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28428, NC
How much do homes in 28428, NC cost?
Median Sold Price
$610,000
$450/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28428 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 28428 was $610,000 in March 2024, up 5.2% from last year, and the median price per square foot was $450.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.4K | $375K | +11.1% |
| 2 Bedrooms | $440K | $484K | +10.0% |
| 3 Bedrooms | $621K | $687.5K | +10.7% |
| 4 Bedrooms | $827K | $807K | -2.4% |
| 5+ Bedrooms | $1.0M | $1.1M | +14.2% |
Summary: 28428 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in 28428, NC
How many homes are available in 28428, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 168 | 192 | +14.3% |
Summary: The 28428 real estate market had 192 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 20 | -9.1% |
| 2 Bedrooms | 33 | 43 | +30.3% |
| 3 Bedrooms | 59 | 65 | +10.2% |
| 4 Bedrooms | 35 | 48 | +37.1% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The 28428 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 30.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28428, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 28428 in March 2024, down by 6.9% month-over-month. Of the 27 sold homes, 70% were sold under asking, 26% were sold at asking, and 4% were sold over asking.
Days on Market for 28428, NC
How long does it take to sell a home in 28428, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 80 Days | +13.5% |
Summary: Homes in 28428 had an average of 80 days on market in Mar 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 28428 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 27 homes were sold in 28428; 33% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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