Is 28801, 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, 28801 has remained a Seller's Market.
Key Takeaway
28801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28801, NC
How much do homes in 28801, NC cost?
Median Sold Price
$606,175
$440/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28801 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 28801 was $606,175 in March 2024, up 1% from last year, and the median price per square foot was $440.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $480K | $480K | 0.0% |
| 2 Bedrooms | $493.7K | $512.5K | +3.8% |
| 3 Bedrooms | $620K | $695K | +12.1% |
| 4 Bedrooms | $780K | $812.5K | +4.2% |
| 5+ Bedrooms | $1.1M | $782.5K | -34.0% |
Summary: 28801 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 increased by 3.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 34%.
Housing Supply in 28801, NC
How many homes are available in 28801, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 66 | 0.0% |
Summary: The 28801 real estate market had 66 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 28801 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28801, you may be able to get a good deal. 92.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 28801 in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 93% were sold under asking, 7% were sold at asking, and 0% were sold over asking.
Days on Market for 28801, NC
How long does it take to sell a home in 28801, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 55 Days | +69.4% |
Summary: Homes in 28801 had an average of 55 days on market in Mar 2024, up by 69.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28801 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in 28801; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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