Is 28612, 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, 28612 has remained a Seller's Market.
Key Takeaway
28612 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28612, NC
How much do homes in 28612, NC cost?
Median Sold Price
$236,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28612 have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in 28612 was $236,000 in March 2024, up 15.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $189K | +14.5% |
| 2 Bedrooms | $140K | $212.5K | +51.8% |
| 3 Bedrooms | $217.7K | $246.4K | +13.2% |
| 4 Bedrooms | $237.5K | $299K | +25.9% |
| 5+ Bedrooms | $250K | $355K | +42.0% |
Summary: 28612 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes increased by 51.8%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 42%.
Housing Supply in 28612, NC
How many homes are available in 28612, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 55 | +17.0% |
Summary: The 28612 real estate market had 55 homes for sale in March 2024, a 17.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 28612 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28612, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 28612 in March 2024, up by 85.7% month-over-month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for 28612, NC
How long does it take to sell a home in 28612, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 25 Days | -18.9% |
Summary: Homes in 28612 had an average of 25 days on market in Mar 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28612 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in 28612; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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