$2,874 Closing Credit*
$242,000
639 SqFt
1 Bed
•1 Full Bath
Listing Office: EXP Realty LLC Ballantyne
Is 28202, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 28202 was a Seller's Market.
Key Takeaway
28202 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 28202, NC
How much do homes in 28202, NC cost?
Median Sold Price
$379,900
$399/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$11,350(-2.9%)
Key Takeaway
Homes in 28202 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 28202 was $379,900 in December 2024, down 2.9% from last year, and the median price per square foot was $399.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $319K | +6.3% |
| 2 Bedrooms | $475K | $450K | -5.3% |
| 3 Bedrooms | $695K | $615.5K | -11.4% |
| 4 Bedrooms | $1.8M | $722.5K | -60.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 28202 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 60.1%, and 5+ bedroom homes did not change.
Housing Supply in 28202, NC
How many homes are available in 28202, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 108 | 102 | -5.6% |
Summary: The 28202 real estate market had 102 homes for sale in December 2024, a 5.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 36 | -2.7% |
| 2 Bedrooms | 49 | 48 | -2.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 28202 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28202, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 28202 in December 2024, down by 5.9% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for 28202, NC
How long does it take to sell a home in 28202, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 29 Days | 68 Days | +134.6% |
Summary: Homes in 28202 had an average of 68 days on market in Dec 2024, up by 134.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28202 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in 28202; 44% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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