Is 28457, 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, 28457 has remained a Seller's Market.
Key Takeaway
28457 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28457, NC
How much do homes in 28457, NC cost?
Median Sold Price
$418,882
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28457 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 28457 was $418,882 in March 2024, up 14.7% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $200K | -7.0% |
| 3 Bedrooms | $355K | $362K | +2.0% |
| 4 Bedrooms | $385K | $471K | +22.3% |
| 5+ Bedrooms | $455K | $484K | +6.4% |
Summary: 28457 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 7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 28457, NC
How many homes are available in 28457, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 82 | -2.4% |
Summary: The 28457 real estate market had 82 homes for sale in March 2024, a 2.4% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 45 | 45 | 0.0% |
| 4 Bedrooms | 33 | 31 | -6.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 28457 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 20 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28457, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 28457 in March 2024, up by 100.0% month-over-month. Of the 20 sold homes, 15% were sold under asking, 60% were sold at asking, and 25% were sold over asking.
Days on Market for 28457, NC
How long does it take to sell a home in 28457, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 142 Days | +98.5% |
Summary: Homes in 28457 had an average of 142 days on market in Mar 2024, up by 98.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 28457 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 20 homes were sold in 28457; 30% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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