$5,936 Closing Credit*
$499,900
2,195 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Ross & Associates Real Estate
Is 28110, 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, 28110 has remained a Seller's Market.
Key Takeaway
28110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28110, NC
How much do homes in 28110, NC cost?
Median Sold Price
$396,894
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,153(+4.0%)
Key Takeaway
Homes in 28110 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 28110 was $396,894 in October 2024, up 4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $264.9K | $175K | -33.9% |
| 2 Bedrooms | $215K | $241K | +12.1% |
| 3 Bedrooms | $345K | $357K | +3.5% |
| 4 Bedrooms | $447K | $430.5K | -3.7% |
| 5+ Bedrooms | $507.5K | $527.5K | +3.9% |
Summary: 28110 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.9%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 28110, NC
How many homes are available in 28110, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 238 | 238 | 0.0% |
Summary: The 28110 real estate market had 238 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 109 | 110 | +0.9% |
| 4 Bedrooms | 80 | 80 | 0.0% |
| 5+ Bedrooms | 36 | 34 | -5.6% |
Summary: The 28110 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 8.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 46 | +2.2% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28110, you may be able to get a good deal. 63% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in 28110 in October 2024, up by 2.2% month-over-month. Of the 46 sold homes, 63% were sold under asking, 20% were sold at asking, and 17% were sold over asking.
Days on Market for 28110, NC
How long does it take to sell a home in 28110, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 44 Days | +49.0% |
Summary: Homes in 28110 had an average of 44 days on market in Oct 2024, up by 49% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28110 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 46 homes were sold in 28110; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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