Is 28504, 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, 28504 was a Neutral Market.
Key Takeaway
28504 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28504, NC
How much do homes in 28504, NC cost?
Median Sold Price
$212,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28504 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 28504 was $212,500 in March 2024, up 10.7% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $105K | $114K | +8.6% |
| 3 Bedrooms | $185K | $205K | +10.8% |
| 4 Bedrooms | $230K | $244.9K | +6.5% |
| 5+ Bedrooms | $258K | $390K | +51.2% |
Summary: 28504 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 8.6%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 51.2%.
Housing Supply in 28504, NC
How many homes are available in 28504, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 73 | +5.8% |
Summary: The 28504 real estate market had 73 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 40 | 45 | +12.5% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 28504 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 increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28504, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 28504 in March 2024, up by 15.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 47% were sold at asking, and 13% were sold over asking.
Days on Market for 28504, NC
How long does it take to sell a home in 28504, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 54 Days | +42.9% |
Summary: Homes in 28504 had an average of 54 days on market in Mar 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28504 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in 28504; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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