$10,000 Closing Credit*
$1,249,900
3,357 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Link Realty
Is 28207, 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, 28207 has remained a Seller's Market.
Key Takeaway
28207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28207, NC
How much do homes in 28207, NC cost?
Median Sold Price
$1,350,000
$480/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$155,000(+13.0%)
Key Takeaway
Homes in 28207 have sold for 13% more than they did a year ago.
Summary: The median home sold price in 28207 was $1,350,000 in October 2024, up 13% from last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221.5K | $226.5K | +2.3% |
| 2 Bedrooms | $380.5K | $347.5K | -8.7% |
| 3 Bedrooms | $1.2M | $1.8M | +48.0% |
| 4 Bedrooms | $1.7M | $1.8M | +5.7% |
| 5+ Bedrooms | $2.7M | $3.1M | +14.3% |
Summary: 28207 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 48%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 14.3%.
Housing Supply in 28207, NC
How many homes are available in 28207, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 73 | +1.4% |
Summary: The 28207 real estate market had 73 homes for sale in October 2024, a 1.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 28207 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 increased by 7.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28207, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 28207 in October 2024, the same as the previous month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for 28207, NC
How long does it take to sell a home in 28207, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 15 Days | -62.0% |
Summary: Homes in 28207 had an average of 15 days on market in Oct 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28207 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 28207; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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