Is 28056, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 28056 has remained a Seller's Market.
Key Takeaway
28056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28056, NC
How much do homes in 28056, NC cost?
Median Sold Price
$350,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28056 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 28056 was $350,000 in April 2024, down 1.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $163.5K | +48.6% |
| 2 Bedrooms | $198K | $220K | +11.1% |
| 3 Bedrooms | $310K | $323.9K | +4.5% |
| 4 Bedrooms | $418.3K | $419K | 0.1% |
| 5+ Bedrooms | $472K | $492.5K | +4.3% |
Summary: 28056 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 28056, NC
How many homes are available in 28056, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 188 | 191 | +1.6% |
Summary: The 28056 real estate market had 191 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 104 | 114 | +9.6% |
| 4 Bedrooms | 55 | 50 | -9.1% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 28056 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 41 | -19.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28056, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 28056 in April 2024, down by 19.6% month-over-month. Of the 41 sold homes, 46% were sold under asking, 39% were sold at asking, and 15% were sold over asking.
Days on Market for 28056, NC
How long does it take to sell a home in 28056, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 42 Days | +8.5% |
Summary: Homes in 28056 had an average of 42 days on market in Apr 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 28056 has remained consistent over time.
Summary: During April 2024, 41 homes were sold in 28056; 41% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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