Is 28501, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 28501 was a Buyer's Market.
Key Takeaway
28501 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 28501, NC
How much do homes in 28501, NC cost?
Median Sold Price
$110,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28501 have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in 28501 was $110,000 in April 2024, down 7.6% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $21K | $20.5K | -2.4% |
| 2 Bedrooms | $80.5K | $79.9K | -0.6% |
| 3 Bedrooms | $136K | $113.9K | -16.2% |
| 4 Bedrooms | $155K | $159.5K | +2.9% |
| 5+ Bedrooms | $285K | $76.5K | -73.2% |
Summary: 28501 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 73.2%.
Housing Supply in 28501, NC
How many homes are available in 28501, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 75 | +10.3% |
Summary: The 28501 real estate market had 75 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 28501 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28501, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 28501 in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for 28501, NC
How long does it take to sell a home in 28501, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 36 Days | +92.7% |
Summary: Homes in 28501 had an average of 36 days on market in Apr 2024, up by 92.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28501 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in 28501; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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