Is 28451, 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, 28451 has remained a Seller's Market.
Key Takeaway
28451 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28451, NC
How much do homes in 28451, NC cost?
Median Sold Price
$397,290
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28451 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 28451 was $397,290 in March 2024, up 7.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $285K | -6.6% |
| 3 Bedrooms | $339.9K | $363.2K | +6.9% |
| 4 Bedrooms | $415K | $445K | +7.2% |
| 5+ Bedrooms | $529.9K | $460K | -13.2% |
Summary: 28451 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 decreased by 6.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 13.2%.
Housing Supply in 28451, NC
How many homes are available in 28451, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 304 | 336 | +10.5% |
Summary: The 28451 real estate market had 336 homes for sale in March 2024, a 10.5% increase 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 | 13 | 8 | -38.5% |
| 3 Bedrooms | 175 | 193 | +10.3% |
| 4 Bedrooms | 103 | 121 | +17.5% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 28451 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 38.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 77 | +42.6% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28451, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in 28451 in March 2024, up by 42.6% month-over-month. Of the 77 sold homes, 52% were sold under asking, 38% were sold at asking, and 10% were sold over asking.
Days on Market for 28451, NC
How long does it take to sell a home in 28451, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 55 Days | +27.7% |
Summary: Homes in 28451 had an average of 55 days on market in Mar 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28451 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 77 homes were sold in 28451; 53% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.