Is 28391, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 28391 was a Seller's Market.
Key Takeaway
28391 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 28391, NC
How much do homes in 28391, NC cost?
Median Sold Price
$326,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28391 have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in 28391 was $326,000 in April 2024, up 12.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199.5K | $85K | -57.4% |
| 3 Bedrooms | $244K | $254.9K | +4.5% |
| 4 Bedrooms | $324.9K | $340K | +4.6% |
| 5+ Bedrooms | $380K | $395K | +3.9% |
Summary: 28391 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 decreased by 57.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Zip Codes
| 28391 | $289.9K | $326K | +12.4% |
| 28318 | $260K | $279.9K | +7.7% |
| 28312 | $312K | $300K | -3.8% |
| 28395 | $360K | $305K | -15.3% |
Housing Supply in 28391, NC
How many homes are available in 28391, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The 28391 real estate market had 29 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 28391 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28391, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 28391 in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 28391, NC
How long does it take to sell a home in 28391, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 125 Days | 78 Days | -37.4% |
Summary: Homes in 28391 had an average of 78 days on market in Apr 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28391 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 28391; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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