Is 28590, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 28590 has remained a Seller's Market.
Key Takeaway
28590 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28590, NC
How much do homes in 28590, NC cost?
Median Sold Price
$299,624
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28590 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 28590 was $299,624 in March 2024, up 5.1% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $116K | $132.5K | +14.2% |
| 3 Bedrooms | $260K | $277K | +6.5% |
| 4 Bedrooms | $366.9K | $388.5K | +5.9% |
| 5+ Bedrooms | $398K | $439.9K | +10.5% |
Summary: 28590 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 14.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in 28590, NC
How many homes are available in 28590, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 117 | 129 | +10.3% |
Summary: The 28590 real estate market had 129 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 67 | 69 | +3.0% |
| 4 Bedrooms | 31 | 44 | +41.9% |
| 5+ Bedrooms | 8 | 4 | -50.0% |
Summary: The 28590 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 41.9%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 32 | +52.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28590, expect to pay close to the asking price. 40.6% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in 28590 in March 2024, up by 52.4% month-over-month. Of the 32 sold homes, 34% were sold under asking, 41% were sold at asking, and 25% were sold over asking.
Days on Market for 28590, NC
How long does it take to sell a home in 28590, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 57 Days | +45.9% |
Summary: Homes in 28590 had an average of 57 days on market in Mar 2024, up by 45.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28590 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in 28590; 53% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.