Is 28110, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28110 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $264.9K$175K
-33.9%
2 $215K$241K
+12.1%
3 $345K$357K
+3.5%
4 $447K$430.5K
-3.7%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

28112
+10.1%
28174
+8.1%
28110
+4.0%
28104
+2.0%
28079
+1.2%

Housing Supply in 28110, NC

How many homes are available in 28110, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2382380.0%

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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1213
+8.3%
3 109110
+0.9%
4 8080
0.0%
5+ 3634
-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 2024Oct 2024CHANGE
4546+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
29 Days44 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in 28110, NC

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