Is 28574, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 28574 has remained a Seller's Market.
Key Takeaway
28574 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28574, NC
How much do homes in 28574, NC cost?
Median Sold Price
$255,250
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28574 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 28574 was $255,250 in April 2024, up 8.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | - | N/A |
| 2 Bedrooms | $131.2K | $169.5K | +29.1% |
| 3 Bedrooms | $234K | $250K | +6.8% |
| 4 Bedrooms | $281K | $288K | +2.5% |
| 5+ Bedrooms | $318.7K | $325K | +2.0% |
Summary: 28574 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 increased by 29.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2%.
Housing Supply in 28574, NC
How many homes are available in 28574, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 131 | 126 | -3.8% |
Summary: The 28574 real estate market had 126 homes for sale in April 2024, a 3.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 115 | 107 | -7.0% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 28574 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 remained the same, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 33 | -26.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28574, expect to pay close to the asking price. 60.6% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in 28574 in April 2024, down by 26.7% month-over-month. Of the 33 sold homes, 24% were sold under asking, 61% were sold at asking, and 15% were sold over asking.
Days on Market for 28574, NC
How long does it take to sell a home in 28574, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +26.1% |
Summary: Homes in 28574 had an average of 38 days on market in Apr 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28574 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in 28574; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
