Is 28540, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28540 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 28540 has remained a Seller's Market.

Key Takeaway

28540 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28540, NC

How much do homes in 28540, NC cost?

Median Sold Price

$240,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,557(+5.5%)

Key Takeaway

Homes in 28540 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 28540 was $240,000 in February 2024, up 5.5% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $31.2K-
N/A
2 $123.5K$150K
+21.5%
3 $217.1K$230K
+5.9%
4 $304.5K$310K
+1.8%
5+ $410K$424.5K
+3.5%

Summary: 28540 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Zip Codes

28546
+6.9%
28574
+6.9%
28540
+5.5%

Housing Supply in 28540, NC

How many homes are available in 28540, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
240254+5.8%

Summary: The 28540 real estate market had 254 homes for sale in February 2024, a 5.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2016
-20.0%
3 160166
+3.8%
4 5264
+23.1%
5+ 88
0.0%

Summary: The 28540 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
6162+1.6%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28540, expect to pay close to the asking price. 40.3% of homes here sold near the asking price last month.

Summary: A total of 62 homes were sold or pending in 28540 in February 2024, up by 1.6% month-over-month. Of the 62 sold homes, 39% were sold under asking, 40% were sold at asking, and 21% were sold over asking.

Days on Market for 28540, NC

How long does it take to sell a home in 28540, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
35 Days34 Days-3.8%

Summary: Homes in 28540 had an average of 34 days on market in Feb 2024, down by 3.8% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28540 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 62 homes were sold in 28540; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 5% 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 27 Days Ago

Newest Listings in 28540, NC

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