Is 28278, 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, 28278 has remained a Seller's Market.
Housing Prices in 28278, NC
How much do homes in 28278, NC cost?
Median Sold Price
$470,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 28278 was $470,000 in April 2024, down 1.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $512.1K | +93.3% |
2 Bedrooms | $400K | $395K | -1.3% |
3 Bedrooms | $420.4K | $420K | -0.1% |
4 Bedrooms | $475K | $489K | +2.9% |
5+ Bedrooms | $615K | $685K | +11.4% |
Summary: 28278 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.3%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 11.4%.
Housing Supply in 28278, NC
How many homes are available in 28278, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
204 | 183 | -10.3% |
Summary: The 28278 real estate market had 183 homes for sale in April 2024, a 10.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 85 | 64 | -24.7% |
4 Bedrooms | 65 | 63 | -3.1% |
5+ Bedrooms | 43 | 48 | +11.6% |
Summary: The 28278 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 24.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 11.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 42 | -32.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 28278 in April 2024, down by 32.3% month-over-month. Of the 42 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for 28278, NC
How long does it take to sell a home in 28278, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 20 Days | -32.3% |
Summary: Homes in 28278 had an average of 20 days on market in Apr 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in 28278; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.