$3,529 Closing Credit*
$297,200
954 SqFt
2 Beds
•1 Full Bath
#100476228, Listing Office: Dram Tree Realty
Is 28401, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 28401 was a Seller's Market.
Key Takeaway
28401 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 28401, NC
How much do homes in 28401, NC cost?
Median Sold Price
$360,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+7.5%)
Key Takeaway
Homes in 28401 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 28401 was $360,000 in October 2024, up 7.5% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372.2K | $373.5K | 0.3% |
| 2 Bedrooms | $285K | $285K | 0.0% |
| 3 Bedrooms | $332.2K | $349.8K | +5.3% |
| 4 Bedrooms | $400K | $509.9K | +27.5% |
| 5+ Bedrooms | $635K | $701K | +10.4% |
Summary: 28401 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in 28401, NC
How many homes are available in 28401, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 204 | 227 | +11.3% |
Summary: The 28401 real estate market had 227 homes for sale in October 2024, a 11.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 25 | -7.4% |
| 2 Bedrooms | 45 | 53 | +17.8% |
| 3 Bedrooms | 81 | 95 | +17.3% |
| 4 Bedrooms | 32 | 33 | +3.1% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The 28401 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 37 | +27.6% |
Asking Price vs. Sold Price
22 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 28401, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in 28401 in October 2024, up by 27.6% month-over-month. Of the 37 sold homes, 59% were sold under asking, 22% were sold at asking, and 19% were sold over asking.
Days on Market for 28401, NC
How long does it take to sell a home in 28401, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 43 Days | +19.2% |
Summary: Homes in 28401 had an average of 43 days on market in Oct 2024, up by 19.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28401 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in 28401; 62% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
