Is 28584, 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, 28584 was a Seller's Market.
Key Takeaway
28584 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 28584, NC
How much do homes in 28584, NC cost?
Median Sold Price
$400,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28584 have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in 28584 was $400,000 in March 2024, up 18.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $213.9K | $235.9K | +10.3% |
| 3 Bedrooms | $347K | $364K | +4.9% |
| 4 Bedrooms | $414.9K | $484.9K | +16.9% |
| 5+ Bedrooms | $442.7K | $470K | +6.2% |
Summary: 28584 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in 28584, NC
How many homes are available in 28584, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 91 | 96 | +5.5% |
Summary: The 28584 real estate market had 96 homes for sale in March 2024, a 5.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 47 | 49 | +4.3% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 28584 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28584, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 28584 in March 2024, down by 27.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for 28584, NC
How long does it take to sell a home in 28584, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 81 Days | +57.2% |
Summary: Homes in 28584 had an average of 81 days on market in Mar 2024, up by 57.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 28584 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 16 homes were sold in 28584; 31% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
