Is 28216, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 28216 has remained a Seller's Market.
Housing Prices in 28216, NC
How much do homes in 28216, NC cost?
Median Sold Price
$345,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 28216 was $345,000 in May 2024, up 1.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87K | $80K | -8.0% |
2 Bedrooms | $244.5K | $249.2K | +1.9% |
3 Bedrooms | $311.7K | $326.1K | +4.6% |
4 Bedrooms | $392K | $392.5K | 0.1% |
5+ Bedrooms | $511.1K | $529.9K | +3.7% |
Summary: 28216 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 28216, NC
How many homes are available in 28216, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
256 | 245 | -4.3% |
Summary: The 28216 real estate market had 245 homes for sale in May 2024, a 4.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 28 | 28 | 0.0% |
3 Bedrooms | 141 | 131 | -7.1% |
4 Bedrooms | 76 | 75 | -1.3% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 28216 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 75 | +21.0% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in 28216 in May 2024, up by 21.0% month-over-month. Of the 75 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% were sold over asking.
Days on Market for 28216, NC
How long does it take to sell a home in 28216, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 25 Days | -35.0% |
Summary: Homes in 28216 had an average of 25 days on market in May 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 75 homes were sold in 28216; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.