$3,093 Closing Credit*
$260,500
1,070 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: Coldwell Banker Realty
Is 28117, 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, 28117 has remained a Seller's Market.
Key Takeaway
28117 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28117, NC
How much do homes in 28117, NC cost?
Median Sold Price
$615,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,223(-1.9%)
Key Takeaway
Homes in 28117 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 28117 was $615,000 in October 2024, down 1.9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $800K | - | N/A |
| 2 Bedrooms | $310K | $324K | +4.5% |
| 3 Bedrooms | $491K | $445.1K | -9.3% |
| 4 Bedrooms | $835.8K | $949K | +13.5% |
| 5+ Bedrooms | $630K | $699K | +11.0% |
Summary: 28117 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 increased by 4.5%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 11%.
Housing Supply in 28117, NC
How many homes are available in 28117, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 336 | 348 | +3.6% |
Summary: The 28117 real estate market had 348 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 126 | 129 | +2.4% |
| 4 Bedrooms | 142 | 153 | +7.7% |
| 5+ Bedrooms | 48 | 48 | 0.0% |
Summary: The 28117 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 decreased by 10.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 64 | -11.1% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28117, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in 28117 in October 2024, down by 11.1% month-over-month. Of the 64 sold homes, 63% were sold under asking, 20% were sold at asking, and 17% were sold over asking.
Days on Market for 28117, NC
How long does it take to sell a home in 28117, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 36 Days | -9.3% |
Summary: Homes in 28117 had an average of 36 days on market in Oct 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28117 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 64 homes were sold in 28117; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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