Is 28560, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28560 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 28560 was a Seller's Market.

Key Takeaway

28560 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28560, NC

How much do homes in 28560, NC cost?

Median Sold Price

$295,124

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$32,216(+12.3%)

Key Takeaway

Homes in 28560 have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in 28560 was $295,124 in March 2024, up 12.3% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $235K$242K
+3.0%
2 $169.9K$190K
+11.8%
3 $250K$280K
+12.0%
4 $318K$335K
+5.3%
5+ $323K$396.5K
+22.8%

Summary: 28560 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 22.8%.

Median Sold Price Compared To Nearby Zip Codes

28560
+12.3%
28562
+11.0%

Housing Supply in 28560, NC

How many homes are available in 28560, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
308320+3.9%

Summary: The 28560 real estate market had 320 homes for sale in March 2024, a 3.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 87
-12.5%
2 2523
-8.0%
3 206217
+5.3%
4 5961
+3.4%
5+ 1012
+20.0%

Summary: The 28560 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3645+25.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28560, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 28560 in March 2024, up by 25.0% month-over-month. Of the 45 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.

Days on Market for 28560, NC

How long does it take to sell a home in 28560, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days61 Days+43.4%

Summary: Homes in 28560 had an average of 61 days on market in Mar 2024, up by 43.4% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28560 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 45 homes were sold in 28560; 58% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 29% 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 19 Days Ago

Newest Listings in 28560, NC

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