Is 28425, 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, 28425 has remained a Seller's Market.
Key Takeaway
28425 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28425, NC
How much do homes in 28425, NC cost?
Median Sold Price
$290,691
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28425 have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in 28425 was $290,691 in March 2024, down 3.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $210K | -4.5% |
| 3 Bedrooms | $314.9K | $294.8K | -6.4% |
| 4 Bedrooms | $358K | $321.5K | -10.2% |
| 5+ Bedrooms | $460K | $258K | -43.9% |
Summary: 28425 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 decreased by 4.5%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 43.9%.
Housing Supply in 28425, NC
How many homes are available in 28425, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Summary: The 28425 real estate market had 33 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 20 | 26 | +30.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 28425 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 remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28425, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in 28425 in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 67% were sold at asking, and 22% were sold over asking.
Days on Market for 28425, NC
How long does it take to sell a home in 28425, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 74 Days | +174.6% |
Summary: Homes in 28425 had an average of 74 days on market in Mar 2024, up by 174.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28425 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 28425; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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