Is 28722, 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, 28722 was a Seller's Market.
Housing Prices in 28722, NC
How much do homes in 28722, NC cost?
Median Sold Price
$428,900
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28722 was $428,900 in March 2024, up 22.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267.5K | - | N/A |
2 Bedrooms | $326.2K | $229.8K | -29.5% |
3 Bedrooms | $340K | $446.5K | +31.3% |
4 Bedrooms | $600K | $634.5K | +5.8% |
5+ Bedrooms | $824K | $757.5K | -8.1% |
Summary: 28722 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 decreased by 29.5%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 28722, NC
How many homes are available in 28722, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Summary: The 28722 real estate market had 34 homes for sale in March 2024, a 6.3% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 28722 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 increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 28722 in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 28722, NC
How long does it take to sell a home in 28722, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 105 Days | +230.4% |
Summary: Homes in 28722 had an average of 105 days on market in Mar 2024, up by 230.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 28722; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.