Is 28571, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 28571 was a Seller's Market.
Key Takeaway
28571 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28571, NC
How much do homes in 28571, NC cost?
Median Sold Price
$436,500
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28571 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 28571 was $436,500 in March 2024, up 10.5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $429K | +56.0% |
| 2 Bedrooms | $261.2K | $310.2K | +18.8% |
| 3 Bedrooms | $450K | $450K | 0.0% |
| 4 Bedrooms | $800K | $668.6K | -16.4% |
| 5+ Bedrooms | $320K | $500K | +56.3% |
Summary: 28571 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56%, 2 bedroom homes increased by 18.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 56.3%.
Median Sold Price Compared To Nearby Zip Codes
| 28571 | $395K | $436.5K | +10.5% |
| 28510 | $385K | $383.5K | -0.4% |
Housing Supply in 28571, NC
How many homes are available in 28571, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 45 | +9.8% |
Summary: The 28571 real estate market had 45 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 28571 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28571, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 28571 in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 28571, NC
How long does it take to sell a home in 28571, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 259 Days | 49 Days | -80.9% |
Summary: Homes in 28571 had an average of 49 days on market in Mar 2024, down by 80.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28571 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 28571; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
