Is 28394, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28394 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 28394 was a Seller's Market.

Key Takeaway

28394 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 28394, NC

How much do homes in 28394, NC cost?

Median Sold Price

$374,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$265(-0.1%)

Key Takeaway

The sold price of homes in 28394 has remained the same since last year.

Summary: The median home sold price in 28394 was $374,000 in April 2024, down 0.1% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$435K
N/A
2 $181.6K$190K
+4.6%
3 $365K$310K
-15.1%
4 $382K$403K
+5.5%
5+ $425K$490K
+15.3%

Summary: 28394 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 4.6%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Zip Codes

28387
+11.7%
28326
+4.5%
28394
-0.1%

Housing Supply in 28394, NC

How many homes are available in 28394, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6067+11.7%

Summary: The 28394 real estate market had 67 homes for sale in April 2024, a 11.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 2530
+20.0%
4 3030
0.0%
5+ 45
+25.0%

Summary: The 28394 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 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
11110.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28394, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 28394 in April 2024, the same as the previous month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.

Days on Market for 28394, NC

How long does it take to sell a home in 28394, NC?

Average Sale Time

Apr 2023Apr 2024CHANGE
120 Days76 Days-36.8%

Summary: Homes in 28394 had an average of 76 days on market in Apr 2024, down by 36.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28394 has remained consistent over time.

Summary: During April 2024, 11 homes were sold in 28394; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% 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 5 Days Ago

Newest Listings in 28394, NC

Nearby Markets to 28394, NC