$8,063 Closing Credit*
$679,000
2,359 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Lantern Realty & Development, LLC
Is 28227, 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, 28227 has remained a Seller's Market.
Key Takeaway
28227 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28227, NC
How much do homes in 28227, NC cost?
Median Sold Price
$399,962
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$37(0%)
Key Takeaway
The sold price of homes in 28227 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.7K | $111K | -1.6% |
| 2 Bedrooms | $255K | $227K | -11.0% |
| 3 Bedrooms | $350K | $359.6K | +2.8% |
| 4 Bedrooms | $495K | $535K | +8.1% |
| 5+ Bedrooms | $634K | $642.5K | +1.3% |
Summary: 28227 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in 28227, NC
How many homes are available in 28227, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 261 | 294 | +12.6% |
Summary: The 28227 real estate market had 294 homes for sale in October 2024, a 12.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 15 | 22 | +46.7% |
| 3 Bedrooms | 128 | 144 | +12.5% |
| 4 Bedrooms | 83 | 86 | +3.6% |
| 5+ Bedrooms | 33 | 39 | +18.2% |
Summary: The 28227 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 54 | +22.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28227, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in 28227 in October 2024, up by 22.7% month-over-month. Of the 54 sold homes, 57% were sold under asking, 30% were sold at asking, and 13% were sold over asking.
Days on Market for 28227, NC
How long does it take to sell a home in 28227, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 35 Days | +12.9% |
Summary: Homes in 28227 had an average of 35 days on market in Oct 2024, up by 12.9% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28227 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 54 homes were sold in 28227; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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