Is 28714, 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, 28714 has remained a Seller's Market.
Housing Prices in 28714, NC
How much do homes in 28714, NC cost?
Median Sold Price
$360,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28714 was $360,000 in March 2024, up 7.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134K | $171K | +27.6% |
2 Bedrooms | $287K | $313K | +9.1% |
3 Bedrooms | $363.5K | $382.3K | +5.2% |
4 Bedrooms | $482.5K | $662.5K | +37.3% |
5+ Bedrooms | $962.5K | $535K | -44.4% |
Summary: 28714 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes decreased by 44.4%.
Housing Supply in 28714, NC
How many homes are available in 28714, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 82 | +1.2% |
Summary: The 28714 real estate market had 82 homes for sale in March 2024, a 1.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 25 | 22 | -12.0% |
3 Bedrooms | 47 | 48 | +2.1% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 28714 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 12%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 28714 in March 2024, the same as the previous month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.
Days on Market for 28714, NC
How long does it take to sell a home in 28714, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 89 Days | +11.2% |
Summary: Homes in 28714 had an average of 89 days on market in Mar 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 28714; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.