$7,422 Closing Credit*
$625,000
2,248 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Helen Adams Realty
Is 28120, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 28120 has remained a Seller's Market.
Key Takeaway
28120 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28120, NC
How much do homes in 28120, NC cost?
Median Sold Price
$375,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,500(+3.2%)
Key Takeaway
Homes in 28120 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 28120 was $375,000 in November 2024, up 3.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $198K | N/A |
| 2 Bedrooms | $232.5K | $245K | +5.4% |
| 3 Bedrooms | $340K | $345K | +1.5% |
| 4 Bedrooms | $425K | $435K | +2.4% |
| 5+ Bedrooms | $520K | $490K | -5.8% |
Summary: 28120 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 increased by 5.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in 28120, NC
How many homes are available in 28120, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 114 | 0.0% |
Summary: The 28120 real estate market had 114 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 58 | 59 | +1.7% |
| 4 Bedrooms | 36 | 34 | -5.6% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 28120 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 increased by 7.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28120, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 28120 in November 2024, down by 8.7% month-over-month. Of the 21 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for 28120, NC
How long does it take to sell a home in 28120, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 45 Days | +80.4% |
Summary: Homes in 28120 had an average of 45 days on market in Nov 2024, up by 80.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28120 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 28120; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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