Is 28129, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28129 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 28129 was a Seller's Market.

Key Takeaway

28129 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 28129, NC

How much do homes in 28129, NC cost?

Median Sold Price

$331,500

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$1,184(+0.4%)

Key Takeaway

The sold price of homes in 28129 has remained the same since last year.

Summary: The median home sold price in 28129 was $331,500 in March 2024, up 0.4% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $244.8K$225K
-8.1%
3 $275K$319.9K
+16.3%
4 $370K$425K
+14.9%
5+ $353.4K$272.2K
-23.0%

Summary: 28129 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 23%.

Median Sold Price Compared To Nearby Zip Codes

28128
+12.3%
28163
+9.3%
28097
+6.4%
28001
+4.1%
28129
0.4%

Housing Supply in 28129, NC

How many homes are available in 28129, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1214+16.7%

Summary: The 28129 real estate market had 14 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 611
+83.3%
4 43
-25.0%
5+ 20
-100.0%

Summary: The 28129 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 83.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28129, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 28129 in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 28129, NC

How long does it take to sell a home in 28129, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
57 Days37 Days-34.9%

Summary: Homes in 28129 had an average of 37 days on market in Mar 2024, down by 34.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28129 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in 28129; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in 28129, NC

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