$3,088 Closing Credit*
$260,000
1,624 SqFt
3 Beds
•2 Full Baths
Listing Office: Allen Tate Lake Norman
Is 28212, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 28212 was a Seller's Market.
Key Takeaway
28212 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28212, NC
How much do homes in 28212, NC cost?
Median Sold Price
$333,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+5.7%)
Key Takeaway
Homes in 28212 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 28212 was $333,000 in November 2024, up 5.7% 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 | $150K | $125K | -16.7% |
| 2 Bedrooms | $190K | $208K | +9.5% |
| 3 Bedrooms | $315K | $335K | +6.3% |
| 4 Bedrooms | $376.5K | $423K | +12.4% |
| 5+ Bedrooms | $420K | $505.8K | +20.4% |
Summary: 28212 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in 28212, NC
How many homes are available in 28212, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 112 | 99 | -11.6% |
Summary: The 28212 real estate market had 99 homes for sale in November 2024, a 11.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 51 | 46 | -9.8% |
| 4 Bedrooms | 27 | 20 | -25.9% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 28212 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 remained the same, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 13 | -59.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28212, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 28212 in November 2024, down by 59.4% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for 28212, NC
How long does it take to sell a home in 28212, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 44 Days | +11.0% |
Summary: Homes in 28212 had an average of 44 days on market in Nov 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28212 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 28212; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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