$3,325 Closing Credit*
$280,000
1,220 SqFt
3 Beds
•2 Full Baths
Listing Office: NorthGroup Real Estate LLC
Is 28227, 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, 28227 was a Seller's Market.
Key Takeaway
28227 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 28227, NC
How much do homes in 28227, NC cost?
Median Sold Price
$406,200
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,938(+1.0%)
Key Takeaway
Homes in 28227 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 28227 was $406,200 in November 2024, up 1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.7K | $113K | 0.2% |
| 2 Bedrooms | $265K | $227.5K | -14.2% |
| 3 Bedrooms | $355K | $365K | +2.8% |
| 4 Bedrooms | $495K | $541.3K | +9.4% |
| 5+ Bedrooms | $631.3K | $645K | +2.2% |
Summary: 28227 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 28227, NC
How many homes are available in 28227, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 280 | 273 | -2.5% |
Summary: The 28227 real estate market had 273 homes for sale in November 2024, a 2.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 138 | 132 | -4.3% |
| 4 Bedrooms | 83 | 78 | -6.0% |
| 5+ Bedrooms | 34 | 34 | 0.0% |
Summary: The 28227 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 increased by 18.2%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 43 | -24.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
8 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. 65.1% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in 28227 in November 2024, down by 24.6% month-over-month. Of the 43 sold homes, 65% were sold under asking, 19% were sold at asking, and 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 32 Days | +5.7% |
Summary: Homes in 28227 had an average of 32 days on market in Nov 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 43 homes were sold in 28227; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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