Is 28462, 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, 28462 was a Seller's Market.
Key Takeaway
28462 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 28462, NC
How much do homes in 28462, NC cost?
Median Sold Price
$513,900
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28462 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 28462 was $513,900 in March 2024, up 5.1% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $315K | N/A |
| 2 Bedrooms | $370.5K | $379.5K | +2.4% |
| 3 Bedrooms | $379.5K | $399K | +5.1% |
| 4 Bedrooms | $755K | $747.5K | -1.0% |
| 5+ Bedrooms | $1.5M | $1.4M | -11.5% |
Summary: 28462 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 2.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in 28462, NC
How many homes are available in 28462, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 142 | 158 | +11.3% |
Summary: The 28462 real estate market had 158 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 85 | 90 | +5.9% |
| 4 Bedrooms | 39 | 46 | +17.9% |
| 5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The 28462 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 decreased by 9.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 23 | +64.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28462, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 28462 in March 2024, up by 64.3% month-over-month. Of the 23 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 28462, NC
How long does it take to sell a home in 28462, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 64 Days | +12.2% |
Summary: Homes in 28462 had an average of 64 days on market in Mar 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28462 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in 28462; 39% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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