Is 28711, 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, 28711 was a Seller's Market.
Housing Prices in 28711, NC
How much do homes in 28711, NC cost?
Median Sold Price
$521,964
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28711 was $521,964 in March 2024, up 13.1% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $387.5K | $350K | -9.7% |
2 Bedrooms | $366K | $395K | +7.9% |
3 Bedrooms | $464.5K | $498.5K | +7.3% |
4 Bedrooms | $620K | $876.1K | +41.3% |
5+ Bedrooms | $770K | $825.5K | +7.2% |
Summary: 28711 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 41.3%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 28711, NC
How many homes are available in 28711, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 107 | +13.8% |
Summary: The 28711 real estate market had 107 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 46 | 53 | +15.2% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The 28711 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 11 | -50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 28711 in March 2024, down by 50.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market for 28711, NC
How long does it take to sell a home in 28711, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 55 Days | +40.8% |
Summary: Homes in 28711 had an average of 55 days on market in Mar 2024, up by 40.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 28711; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.