Is 28516, 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, 28516 was a Seller's Market.
Housing Prices in 28516, NC
How much do homes in 28516, NC cost?
Median Sold Price
$431,300
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28516 was $431,300 in March 2024, down 1.6% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $299K | N/A |
2 Bedrooms | $322.5K | $272.5K | -15.5% |
3 Bedrooms | $439.1K | $439.9K | 0.2% |
4 Bedrooms | $538.7K | $554K | +2.8% |
5+ Bedrooms | $1.1M | $459.5K | -60.0% |
Summary: 28516 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 15.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 60%.
Housing Supply in 28516, NC
How many homes are available in 28516, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
100 | 115 | +15.0% |
Summary: The 28516 real estate market had 115 homes for sale in March 2024, a 15.0% 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 | 11 | 11 | 0.0% |
3 Bedrooms | 63 | 77 | +22.2% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 28516 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 22.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 28516 in March 2024, down by 13.3% month-over-month. Of the 13 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% were sold over asking.
Days on Market for 28516, NC
How long does it take to sell a home in 28516, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 56 Days | +56.4% |
Summary: Homes in 28516 had an average of 56 days on market in Mar 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 28516; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.