$3,205 Closing Credit*
$269,900
1,170 SqFt
2 Beds
•2 Full Baths
Listing Office: RE/MAX Executive
Is 28031, 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, 28031 has remained a Seller's Market.
Key Takeaway
28031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28031, NC
How much do homes in 28031, NC cost?
Median Sold Price
$534,250
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,952(+6.6%)
Key Takeaway
Homes in 28031 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 28031 was $534,250 in October 2024, up 6.6% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $539K | $190.2K | -64.7% |
| 2 Bedrooms | $325K | $320.2K | -1.5% |
| 3 Bedrooms | $490.2K | $515K | +5.0% |
| 4 Bedrooms | $782K | $708.6K | -9.4% |
| 5+ Bedrooms | $1.5M | $1.7M | +9.7% |
Summary: 28031 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.7%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 28031, NC
How many homes are available in 28031, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 209 | 207 | -1.0% |
Summary: The 28031 real estate market had 207 homes for sale in October 2024, a 1.0% decrease 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 | 41 | 37 | -9.8% |
| 3 Bedrooms | 97 | 106 | +9.3% |
| 4 Bedrooms | 39 | 33 | -15.4% |
| 5+ Bedrooms | 32 | 31 | -3.1% |
Summary: The 28031 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 decreased by 9.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28031, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 28031 in October 2024, up by 9.1% month-over-month. Of the 48 sold homes, 69% were sold under asking, 10% were sold at asking, and 21% were sold over asking.
Days on Market for 28031, NC
How long does it take to sell a home in 28031, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 40 Days | +19.1% |
Summary: Homes in 28031 had an average of 40 days on market in Oct 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28031 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 48 homes were sold in 28031; 56% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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