$174,995
Land
Listing Office: Helen Adams Realty
Is 28037, 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, 28037 has remained a Neutral Market.
Key Takeaway
28037 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 28037, NC
How much do homes in 28037, NC cost?
Median Sold Price
$523,155
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,821(+8.5%)
Key Takeaway
Homes in 28037 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 28037 was $523,155 in November 2024, up 8.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $235K | -16.1% |
| 2 Bedrooms | $256.3K | $412.5K | +60.9% |
| 3 Bedrooms | $402.7K | $405K | +0.6% |
| 4 Bedrooms | $672.5K | $649.5K | -3.4% |
| 5+ Bedrooms | $747.5K | $663K | -11.3% |
Summary: 28037 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 60.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 11.3%.
Housing Supply in 28037, NC
How many homes are available in 28037, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 218 | 206 | -5.5% |
Summary: The 28037 real estate market had 206 homes for sale in November 2024, a 5.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 73 | 65 | -11.0% |
| 4 Bedrooms | 91 | 88 | -3.3% |
| 5+ Bedrooms | 44 | 44 | 0.0% |
Summary: The 28037 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 31 | -36.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28037, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 28037 in November 2024, down by 36.7% month-over-month. Of the 31 sold homes, 61% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for 28037, NC
How long does it take to sell a home in 28037, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 68 Days | +193.5% |
Summary: Homes in 28037 had an average of 68 days on market in Nov 2024, up by 193.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28037 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in 28037; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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