Is 28429, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 28429 was a Seller's Market.
Key Takeaway
28429 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28429, NC
How much do homes in 28429, NC cost?
Median Sold Price
$385,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28429 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 28429 was $385,500 in March 2024, up 8.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $240K | $253.5K | +5.6% |
| 3 Bedrooms | $344.5K | $362K | +5.1% |
| 4 Bedrooms | $379.1K | $432.5K | +14.1% |
| 5+ Bedrooms | $462.3K | $409.1K | -11.5% |
Summary: 28429 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 increased by 5.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in 28429, NC
How many homes are available in 28429, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 66 | +11.9% |
Summary: The 28429 real estate market had 66 homes for sale in March 2024, a 11.9% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 21 | 32 | +52.4% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 28429 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 increased by 50%, 3 bedroom homes increased by 52.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28429, 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 28429 in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 67% were sold at asking, and 11% were sold over asking.
Days on Market for 28429, NC
How long does it take to sell a home in 28429, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 33 Days | -17.9% |
Summary: Homes in 28429 had an average of 33 days on market in Mar 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28429 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 28429; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
