Is 28480, 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, 28480 has remained a Seller's Market.
Housing Prices in 28480, NC
How much do homes in 28480, NC cost?
Median Sold Price
$1,512,500
$1,008/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28480 was $1,512,500 in March 2024, up 23.5% from last year, and the median price per square foot was $1,008.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $545K | $525K | -3.7% |
2 Bedrooms | $942.5K | $940K | -0.3% |
3 Bedrooms | $1.3M | $1.5M | +18.5% |
4 Bedrooms | $1.7M | $1.9M | +12.9% |
5+ Bedrooms | $2.2M | $5.3M | +141.3% |
Summary: 28480 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 141.3%.
Housing Supply in 28480, NC
How many homes are available in 28480, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 31 | -6.1% |
Summary: The 28480 real estate market had 31 homes for sale in March 2024, a 6.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 28480 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 28480 in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 28480, NC
How long does it take to sell a home in 28480, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 62 Days | +0.6% |
Summary: Homes in 28480 had an average of 62 days on market in Mar 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 28480; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.