Is 28551, 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, 28551 was a Seller's Market.
Key Takeaway
28551 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 28551, NC
How much do homes in 28551, NC cost?
Median Sold Price
$242,500
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28551 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 28551 was $242,500 in April 2024, up 1.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | - | N/A |
| 2 Bedrooms | $127.5K | $125K | -2.0% |
| 3 Bedrooms | $219.9K | $228.4K | +3.8% |
| 4 Bedrooms | $324.9K | $326.9K | +0.6% |
| 5+ Bedrooms | $372.6K | $365K | -2.1% |
Summary: 28551 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in 28551, NC
How many homes are available in 28551, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 49 | -5.8% |
Summary: The 28551 real estate market had 49 homes for sale in April 2024, a 5.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 21 | 17 | -19.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 28551 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28551, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 28551 in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 28551, NC
How long does it take to sell a home in 28551, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 72 Days | 111 Days | +54.8% |
Summary: Homes in 28551 had an average of 111 days on market in Apr 2024, up by 54.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 28551 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 7 homes were sold in 28551; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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