Is 28358, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28358 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 28358 was a Seller's Market.

Key Takeaway

28358 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 28358, NC

How much do homes in 28358, NC cost?

Median Sold Price

$180,000

$91/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in 28358 has remained the same since last year.

Summary: The median home sold price in 28358 was $180,000 in April 2024, the same as last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $87K-
N/A
2 $101.5K$133K
+31.0%
3 $178K$169.4K
-4.8%
4 $250K$242K
-3.2%
5+ $288.7K$356.2K
+23.4%

Summary: 28358 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 31%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 23.4%.

Median Sold Price Compared To Nearby Zip Codes

28358
0.0%
28360
-6.3%

Housing Supply in 28358, NC

How many homes are available in 28358, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6772+7.5%

Summary: The 28358 real estate market had 72 homes for sale in April 2024, a 7.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1417
+21.4%
3 3635
-2.8%
4 1416
+14.3%
5+ 34
+33.3%

Summary: The 28358 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 increased by 21.4%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28358, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 28358 in April 2024, down by 15.4% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.

Days on Market for 28358, NC

How long does it take to sell a home in 28358, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
93 Days119 Days+28.8%

Summary: Homes in 28358 had an average of 119 days on market in Apr 2024, up by 28.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28358 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 11 homes were sold in 28358; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% 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 9 Days Ago

Newest Listings in 28358, NC

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