Is 28112, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28112 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 28112 has remained a Seller's Market.

Key Takeaway

28112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28112, NC

How much do homes in 28112, NC cost?

Median Sold Price

$389,775

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,850(+11.4%)

Key Takeaway

Homes in 28112 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 28112 was $389,775 in November 2024, up 11.4% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100K-
N/A
2 $239K$236K
-1.3%
3 $349.3K$350K
0.2%
4 $378K$416.7K
+10.3%
5+ $516.7K$419.9K
-18.7%

Summary: 28112 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 18.7%.

Median Sold Price Compared To Nearby Zip Codes

28112
+11.4%
28173
+9.6%
28174
+4.8%
28110
+4.4%
28103
+2.2%

Housing Supply in 28112, NC

How many homes are available in 28112, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
143130-9.1%

Summary: The 28112 real estate market had 130 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1413
-7.1%
3 5758
+1.8%
4 4842
-12.5%
5+ 2417
-29.2%

Summary: The 28112 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 7.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 29.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2734+25.9%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28112, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 28112 in November 2024, up by 25.9% month-over-month. Of the 34 sold homes, 59% were sold under asking, 35% were sold at asking, and 6% were sold over asking.

Days on Market for 28112, NC

How long does it take to sell a home in 28112, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days57 Days+15.7%

Summary: Homes in 28112 had an average of 57 days on market in Nov 2024, up by 15.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28112 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 34 homes were sold in 28112; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% 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 22 Days Ago

Newest Listings in 28112, NC

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