Is 28704, 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, 28704 has remained a Seller's Market.
Housing Prices in 28704, NC
How much do homes in 28704, NC cost?
Median Sold Price
$457,416
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28704 was $457,416 in March 2024, down 1.1% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $195K | N/A |
2 Bedrooms | $280K | $280K | 0.0% |
3 Bedrooms | $440K | $459K | +4.3% |
4 Bedrooms | $657.7K | $725K | +10.2% |
5+ Bedrooms | $747.5K | $726.4K | -2.8% |
Summary: 28704 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 did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in 28704, NC
How many homes are available in 28704, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 92 | +12.2% |
Summary: The 28704 real estate market had 92 homes for sale in March 2024, a 12.2% 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 | 10 | 7 | -30.0% |
3 Bedrooms | 46 | 50 | +8.7% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 28704 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 decreased by 30%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 28704 in March 2024, up by 35.3% month-over-month. Of the 23 sold homes, 43% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for 28704, NC
How long does it take to sell a home in 28704, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 42 Days | -37.6% |
Summary: Homes in 28704 had an average of 42 days on market in Mar 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 28704; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.