Is 28086, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28086 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 28086 has remained a Seller's Market.

Key Takeaway

28086 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28086, NC

How much do homes in 28086, NC cost?

Median Sold Price

$239,200

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,800(-2.4%)

Key Takeaway

Homes in 28086 have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in 28086 was $239,200 in April 2024, down 2.4% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $115K$154.5K
+34.3%
2 $150K$170K
+13.3%
3 $253K$239.9K
-5.1%
4 $308.6K$305.9K
-0.8%
5+ $601.6K$680K
+13.0%

Summary: 28086 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Zip Codes

28052
+8.1%
28016
+3.8%
28021
+1.7%
28086
-2.4%
28073
-2.7%

Housing Supply in 28086, NC

How many homes are available in 28086, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9589-6.3%

Summary: The 28086 real estate market had 89 homes for sale in April 2024, a 6.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 20
-100.0%
2 125
-58.3%
3 6060
0.0%
4 1617
+6.3%
5+ 57
+40.0%

Summary: The 28086 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 58.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2915-48.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28086, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 28086 in April 2024, down by 48.3% month-over-month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% were sold over asking.

Days on Market for 28086, NC

How long does it take to sell a home in 28086, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
55 Days46 Days-16.5%

Summary: Homes in 28086 had an average of 46 days on market in Apr 2024, down by 16.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28086 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 15 homes were sold in 28086; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in 28086, NC

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