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.
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
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
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
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.