Is 28387, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28387 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 28387 has remained a Seller's Market.

Key Takeaway

28387 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28387, NC

How much do homes in 28387, NC cost?

Median Sold Price

$501,600

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$52,600(+11.7%)

Key Takeaway

Homes in 28387 have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in 28387 was $501,600 in April 2024, up 11.7% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $111K$118K
+6.3%
2 $288.9K$302.5K
+4.7%
3 $425K$440.2K
+3.6%
4 $525K$589.4K
+12.3%
5+ $621.7K$667.8K
+7.4%

Summary: 28387 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Zip Codes

28387
+11.7%
28315
+6.8%
28374
+5.9%
28394
-0.1%

Housing Supply in 28387, NC

How many homes are available in 28387, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
142154+8.5%

Summary: The 28387 real estate market had 154 homes for sale in April 2024, a 8.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1217
+41.7%
3 6367
+6.3%
4 5352
-1.9%
5+ 1317
+30.8%

Summary: The 28387 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 41.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
38380.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28387, expect to pay close to the asking price. 44.7% of homes here sold near the asking price last month.

Summary: A total of 38 homes were sold or pending in 28387 in April 2024, the same as the previous month. Of the 38 sold homes, 37% were sold under asking, 45% were sold at asking, and 18% were sold over asking.

Days on Market for 28387, NC

How long does it take to sell a home in 28387, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
36 Days42 Days+17.6%

Summary: Homes in 28387 had an average of 42 days on market in Apr 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28387 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 38 homes were sold in 28387; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% 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 10 Days Ago

Newest Listings in 28387, NC

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