Is 28461, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28461 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 28461 has remained a Seller's Market.

Key Takeaway

28461 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28461, NC

How much do homes in 28461, NC cost?

Median Sold Price

$437,264

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$1,514(+0.3%)

Key Takeaway

The sold price of homes in 28461 has remained the same since last year.

Summary: The median home sold price in 28461 was $437,264 in March 2024, up 0.3% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $260K$273.5K
+5.2%
2 $310K$303K
-2.3%
3 $410K$418.8K
+2.2%
4 $676.9K$780K
+15.2%
5+ $1.6M$1.7M
+7.7%

Summary: 28461 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Zip Codes

28449
+17.8%
28422
+11.2%
28465
+7.5%
28461
0.3%
28479
-2.7%

Housing Supply in 28461, NC

How many homes are available in 28461, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
325375+15.4%

Summary: The 28461 real estate market had 375 homes for sale in March 2024, a 15.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 911
+22.2%
2 3244
+37.5%
3 210233
+11.0%
4 5968
+15.3%
5+ 1519
+26.7%

Summary: The 28461 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4570+55.6%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28461, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.

Summary: A total of 70 homes were sold or pending in 28461 in March 2024, up by 55.6% month-over-month. Of the 70 sold homes, 69% were sold under asking, 24% were sold at asking, and 7% were sold over asking.

Days on Market for 28461, NC

How long does it take to sell a home in 28461, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days72 Days+42.8%

Summary: Homes in 28461 had an average of 72 days on market in Mar 2024, up by 42.8% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28461 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 70 homes were sold in 28461; 56% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 24% 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 22 Days Ago

Newest Listings in 28461, NC

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