$185,000
Land
Listing Office: Berkshire Hathaway HomeServices Carolinas Realty
Is 28112, 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, 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
$385,277
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,439(+10.1%)
Key Takeaway
Homes in 28112 have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in 28112 was $385,277 in October 2024, up 10.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $246.2K | $231K | -6.2% |
| 3 Bedrooms | $341.8K | $349.9K | +2.4% |
| 4 Bedrooms | $389.9K | $417K | +7.0% |
| 5+ Bedrooms | $516.7K | $419.3K | -18.8% |
Summary: 28112 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 18.8%.
Housing Supply in 28112, NC
How many homes are available in 28112, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 158 | 138 | -12.7% |
Summary: The 28112 real estate market had 138 homes for sale in October 2024, a 12.7% 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 | 15 | 15 | 0.0% |
| 3 Bedrooms | 60 | 56 | -6.7% |
| 4 Bedrooms | 57 | 43 | -24.6% |
| 5+ Bedrooms | 26 | 24 | -7.7% |
Summary: The 28112 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 24 | -36.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28112, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 28112 in October 2024, down by 36.8% month-over-month. Of the 24 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 26 Days | -20.9% |
Summary: Homes in 28112 had an average of 26 days on market in Oct 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28112 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 28112; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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