Is 28001, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28001 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28001 was a Seller's Market.

Key Takeaway

28001 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 28001, NC

How much do homes in 28001, NC cost?

Median Sold Price

$275,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,737(+12.6%)

Key Takeaway

Homes in 28001 have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in 28001 was $275,000 in October 2024, up 12.6% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$99.5K
N/A
2 $159.9K$187.2K
+17.1%
3 $249.9K$279.7K
+11.9%
4 $316.8K$324.2K
+2.3%
5+ $308.7K$437.5K
+41.7%

Summary: 28001 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 41.7%.

Median Sold Price Compared To Nearby Zip Codes

28001
+12.6%
28128
+9.9%
28127
-1.3%
28129
-1.8%

Housing Supply in 28001, NC

How many homes are available in 28001, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
196218+11.2%

Summary: The 28001 real estate market had 218 homes for sale in October 2024, a 11.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2025
+25.0%
3 138149
+8.0%
4 2530
+20.0%
5+ 1011
+10.0%

Summary: The 28001 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2636+38.5%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28001, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 28001 in October 2024, up by 38.5% month-over-month. Of the 36 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for 28001, NC

How long does it take to sell a home in 28001, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
60 Days73 Days+20.8%

Summary: Homes in 28001 had an average of 73 days on market in Oct 2024, up by 20.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28001 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 36 homes were sold in 28001; 33% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 28001, NC

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