$4,691 Closing Credit*
$395,000
1,974 SqFt
3 Beds
•2 Full Baths
Listing Office: Lantern Realty & Development, LLC
Is 28023, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$292,500
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+4.5%)
Key Takeaway
Homes in 28023 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 28023 was $292,500 in November 2024, up 4.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $157.5K | +26.0% |
| 2 Bedrooms | $205K | $228.7K | +11.6% |
| 3 Bedrooms | $277K | $305K | +10.1% |
| 4 Bedrooms | $346K | $412.9K | +19.3% |
| 5+ Bedrooms | $373.4K | $388.9K | +4.1% |
Summary: 28023 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 28023, NC
How many homes are available in 28023, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 69 | 0.0% |
Summary: The 28023 real estate market had 69 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 28023 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 12 | -36.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28023, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 28023 in November 2024, down by 36.8% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 26 Days | +27.7% |
Summary: Homes in 28023 had an average of 26 days on market in Nov 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28023 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 28023; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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