Is 28705, 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, 28705 was a Seller's Market.
Housing Prices in 28705, NC
How much do homes in 28705, NC cost?
Median Sold Price
$290,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28705 was $290,000 in March 2024, up 41.5% 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 | $185.5K | $266.2K | +43.5% |
2 Bedrooms | $170K | $195K | +14.7% |
3 Bedrooms | $270K | $282K | +4.4% |
4 Bedrooms | $466.3K | $433K | -7.2% |
5+ Bedrooms | $289K | $369.2K | +27.8% |
Summary: 28705 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.5%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 27.8%.
Housing Supply in 28705, NC
How many homes are available in 28705, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 29 | +20.8% |
Summary: The 28705 real estate market had 29 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 28705 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 28705 in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 28705, NC
How long does it take to sell a home in 28705, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 6 Days | -82.9% |
Summary: Homes in 28705 had an average of 6 days on market in Mar 2024, down by 82.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in 28705; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.