Is 28472, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28472 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 28472 was a Seller's Market.

Key Takeaway

28472 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 28472, NC

How much do homes in 28472, NC cost?

Median Sold Price

$229,500

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$29,500(+14.8%)

Key Takeaway

Homes in 28472 have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in 28472 was $229,500 in March 2024, up 14.8% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $90K$154K
+71.1%
2 $100.5K$95K
-5.5%
3 $187.5K$223K
+18.9%
4 $367.5K$312.5K
-15.0%
5+ $285K$495K
+73.7%

Summary: 28472 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.1%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 73.7%.

Median Sold Price Compared To Nearby Zip Codes

28472
+14.8%
28450
+8.3%

Housing Supply in 28472, NC

How many homes are available in 28472, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5859+1.7%

Summary: The 28472 real estate market had 59 homes for sale in March 2024, a 1.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 3235
+9.4%
4 1111
0.0%
5+ 77
0.0%

Summary: The 28472 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 25%, 3 bedroom homes increased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28472, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 28472 in March 2024, down by 18.2% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.

Days on Market for 28472, NC

How long does it take to sell a home in 28472, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
55 Days80 Days+45.9%

Summary: Homes in 28472 had an average of 80 days on market in Mar 2024, up by 45.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28472 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 9 homes were sold in 28472; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% 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 26 Days Ago

Newest Listings in 28472, NC

Nearby Markets to 28472, NC