Is 28205, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 28205 has remained a Seller's Market.
Housing Prices in 28205, NC
How much do homes in 28205, NC cost?
Median Sold Price
$484,343
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 28205 was $484,343 in April 2024, up 1.5% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | $284K | -3.7% |
2 Bedrooms | $391.3K | $389K | -0.6% |
3 Bedrooms | $472.1K | $476K | +0.8% |
4 Bedrooms | $797.5K | $850K | +6.6% |
5+ Bedrooms | $1.1M | $1.2M | +16.2% |
Summary: 28205 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in 28205, NC
How many homes are available in 28205, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
258 | 270 | +4.7% |
Summary: The 28205 real estate market had 270 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 50 | 55 | +10.0% |
3 Bedrooms | 124 | 121 | -2.4% |
4 Bedrooms | 54 | 61 | +13.0% |
5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The 28205 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 61 | -14.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in 28205 in April 2024, down by 14.1% month-over-month. Of the 61 sold homes, 46% were sold under asking, 20% were sold at asking, and 34% were sold over asking.
Days on Market for 28205, NC
How long does it take to sell a home in 28205, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 29 Days | -9.2% |
Summary: Homes in 28205 had an average of 29 days on market in Apr 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 61 homes were sold in 28205; 79% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.