Is 28602, 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, 28602 was a Seller's Market.
Key Takeaway
28602 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 28602, NC
How much do homes in 28602, NC cost?
Median Sold Price
$250,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28602 have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in 28602 was $250,000 in March 2024, up 13.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $152.4K | +24.4% |
| 2 Bedrooms | $141K | $155.7K | +10.5% |
| 3 Bedrooms | $239.5K | $275.5K | +15.0% |
| 4 Bedrooms | $372.5K | $357K | -4.2% |
| 5+ Bedrooms | $405K | $379.5K | -6.3% |
Summary: 28602 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 28602, NC
How many homes are available in 28602, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 119 | 115 | -3.4% |
Summary: The 28602 real estate market had 115 homes for sale in March 2024, a 3.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 80 | 76 | -5.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The 28602 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 23.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 18 | -45.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28602, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 28602 in March 2024, down by 45.5% month-over-month. Of the 18 sold homes, 67% were sold under asking, 6% were sold at asking, and 28% were sold over asking.
Days on Market for 28602, NC
How long does it take to sell a home in 28602, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 21 Days | -38.0% |
Summary: Homes in 28602 had an average of 21 days on market in Mar 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28602 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 28602; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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