Is 28207, 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, 28207 has remained a Seller's Market.
Housing Prices in 28207, NC
How much do homes in 28207, NC cost?
Median Sold Price
$1,200,000
$432/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 28207 was $1,200,000 in April 2024, up 13.4% from last year, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $226K | $224K | -0.9% |
2 Bedrooms | $316.5K | $345K | +9.0% |
3 Bedrooms | $1.2M | $1.2M | +4.1% |
4 Bedrooms | $1.7M | $1.9M | +16.5% |
5+ Bedrooms | $2.8M | $2.8M | 0.1% |
Summary: 28207 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in 28207, NC
How many homes are available in 28207, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 99 | +15.1% |
Summary: The 28207 real estate market had 99 homes for sale in April 2024, a 15.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 29 | 37 | +27.6% |
4 Bedrooms | 22 | 20 | -9.1% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 28207 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 27.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 35 | +105.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 28207 in April 2024, up by 105.9% month-over-month. Of the 35 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
Days on Market for 28207, NC
How long does it take to sell a home in 28207, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 39 Days | +38.0% |
Summary: Homes in 28207 had an average of 39 days on market in Apr 2024, up by 38% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in 28207; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.