Is 28697, 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, 28697 was a Buyer's Market.
Housing Prices in 28697, NC
How much do homes in 28697, NC cost?
Median Sold Price
$300,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28697 was $300,000 in March 2024, the same as last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148K | - | N/A |
2 Bedrooms | $157.5K | $226.5K | +43.8% |
3 Bedrooms | $289.9K | $299K | +3.1% |
4 Bedrooms | $464K | $443.5K | -4.4% |
5+ Bedrooms | $393K | $420K | +6.9% |
Summary: 28697 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 43.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in 28697, NC
How many homes are available in 28697, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 39 | -2.5% |
Summary: The 28697 real estate market had 39 homes for sale in March 2024, a 2.5% decrease 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 | 21 | 18 | -14.3% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 28697 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 decreased by 14.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 28697 in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 28697, NC
How long does it take to sell a home in 28697, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 46 Days | -27.6% |
Summary: Homes in 28697 had an average of 46 days on market in Mar 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 28697; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.