Is 28127, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28127 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28127 was a Seller's Market.

Key Takeaway

28127 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28127, NC

How much do homes in 28127, NC cost?

Median Sold Price

$315,000

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,000(-1.3%)

Key Takeaway

Homes in 28127 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 28127 was $315,000 in October 2024, down 1.3% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90K$133K
+47.8%
2 $143K$194.2K
+35.8%
3 $470K$376.5K
-19.9%
4 $770K$685K
-11.0%
5+ $978.7K$1.4M
+43.0%

Summary: 28127 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.8%, 2 bedroom homes increased by 35.8%, 3 bedroom homes decreased by 19.9%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 43%.

Median Sold Price Compared To Nearby Zip Codes

28137
+20.4%
28001
+12.6%
27371
+11.8%
28127
-1.3%

Housing Supply in 28127, NC

How many homes are available in 28127, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
92106+15.2%

Summary: The 28127 real estate market had 106 homes for sale in October 2024, a 15.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1318
+38.5%
2 3033
+10.0%
3 2731
+14.8%
4 1822
+22.2%
5+ 42
-50.0%

Summary: The 28127 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28127, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 28127 in October 2024, down by 21.4% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.

Days on Market for 28127, NC

How long does it take to sell a home in 28127, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days113 Days+112.0%

Summary: Homes in 28127 had an average of 113 days on market in Oct 2024, up by 112% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28127 has remained consistent over time.

Summary: During October 2024, 11 homes were sold in 28127; 0% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 45% 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 28127, NC

Nearby Markets to 28127, NC