Is 28345, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28345 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 28345 has remained a Seller's Market.

Key Takeaway

28345 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28345, NC

How much do homes in 28345, NC cost?

Median Sold Price

$157,450

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,450(+16.6%)

Key Takeaway

Homes in 28345 have sold for 16.6% more than they did a year ago.

Summary: The median home sold price in 28345 was $157,450 in April 2024, up 16.6% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$114K
N/A
2 $84K$92K
+9.5%
3 $140K$165K
+17.9%
4 $185K$159.7K
-13.6%
5+ $163.2K$172.4K
+5.6%

Summary: 28345 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

28345
+16.6%
28379
+3.0%

Housing Supply in 28345, NC

How many homes are available in 28345, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2728+3.7%

Summary: The 28345 real estate market had 28 homes for sale in April 2024, a 3.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 65
-16.7%
3 1413
-7.1%
4 36
+100.0%
5+ 22
0.0%

Summary: The 28345 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28345, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 28345 in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 28345, NC

How long does it take to sell a home in 28345, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
50 Days18 Days-63.8%

Summary: Homes in 28345 had an average of 18 days on market in Apr 2024, down by 63.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were 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 28345 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in 28345; 86% of homes were sold within 30 days, 14% 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 1 Day Ago

Newest Listings in 28345, NC

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