$3,313 Closing Credit*
$279,000
2,180 SqFt
4 Beds
•2 Full Baths
Listing Office: Sutton Properties LLC
Is 28023, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 28023 has remained a Seller's Market.
Key Takeaway
28023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28023, NC
How much do homes in 28023, NC cost?
Median Sold Price
$299,900
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$900(+0.3%)
Key Takeaway
The sold price of homes in 28023 has remained the same since last year.
Summary: The median home sold price in 28023 was $299,900 in October 2024, up 0.3% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $157.5K | +26.0% |
| 2 Bedrooms | $205K | $227.5K | +11.0% |
| 3 Bedrooms | $280K | $311K | +11.1% |
| 4 Bedrooms | $367K | $386.4K | +5.3% |
| 5+ Bedrooms | $369.8K | $388.9K | +5.1% |
Summary: 28023 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 28023, NC
How many homes are available in 28023, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 73 | +7.4% |
Summary: The 28023 real estate market had 73 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 44 | 42 | -4.5% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 28023 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 55.6%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28023, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 28023 in October 2024, up by 6.7% month-over-month. Of the 16 sold homes, 56% were sold under asking, 6% were sold at asking, and 38% were sold over asking.
Days on Market for 28023, NC
How long does it take to sell a home in 28023, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 41 Days | +50.1% |
Summary: Homes in 28023 had an average of 41 days on market in Oct 2024, up by 50.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28023 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 28023; 44% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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