Is 28805, 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, 28805 has remained a Seller's Market.
Key Takeaway
28805 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28805, NC
How much do homes in 28805, NC cost?
Median Sold Price
$518,500
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28805 have sold for 8% more than they did a year ago.
Summary: The median home sold price in 28805 was $518,500 in March 2024, up 8% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $765K | $739K | -3.4% |
| 2 Bedrooms | $287.6K | $350K | +21.7% |
| 3 Bedrooms | $470K | $522.6K | +11.2% |
| 4 Bedrooms | $675K | $712.5K | +5.6% |
| 5+ Bedrooms | $1.0M | $811.2K | -22.1% |
Summary: 28805 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 22.1%.
Housing Supply in 28805, NC
How many homes are available in 28805, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 89 | +12.7% |
Summary: The 28805 real estate market had 89 homes for sale in March 2024, a 12.7% 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 | 17 | 17 | 0.0% |
| 3 Bedrooms | 41 | 46 | +12.2% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The 28805 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 12.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28805, you may be able to get a good deal. 68% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 28805 in March 2024, up by 25.0% month-over-month. Of the 25 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for 28805, NC
How long does it take to sell a home in 28805, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 64 Days | +48.0% |
Summary: Homes in 28805 had an average of 64 days on market in Mar 2024, up by 48% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28805 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 28805; 60% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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