Is 28348, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 28348 has remained a Seller's Market.
Key Takeaway
28348 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28348, NC
How much do homes in 28348, NC cost?
Median Sold Price
$265,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28348 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 28348 was $265,000 in March 2024, up 7.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134.2K | $141K | +5.0% |
| 3 Bedrooms | $209K | $238K | +13.9% |
| 4 Bedrooms | $326K | $315K | -3.4% |
| 5+ Bedrooms | $375K | $380K | +1.3% |
Summary: 28348 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 increased by 5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Zip Codes
| 28348 | $246.5K | $265K | +7.5% |
| 28306 | $269.8K | $286.3K | +6.1% |
| 28371 | $258K | $261K | +1.2% |
Housing Supply in 28348, NC
How many homes are available in 28348, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 174 | 175 | +0.6% |
Summary: The 28348 real estate market had 175 homes for sale in March 2024, a 0.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 90 | 88 | -2.2% |
| 4 Bedrooms | 68 | 67 | -1.5% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The 28348 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 increased by 33.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 55 | +83.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28348, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in 28348 in March 2024, up by 83.3% month-over-month. Of the 55 sold homes, 22% were sold under asking, 38% were sold at asking, and 40% were sold over asking.
Days on Market for 28348, NC
How long does it take to sell a home in 28348, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 50 Days | -28.4% |
Summary: Homes in 28348 had an average of 50 days on market in Mar 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 28348 has remained consistent over time.
Summary: During March 2024, 55 homes were sold in 28348; 29% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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