Is 28594, 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, 28594 was a Seller's Market.
Housing Prices in 28594, NC
How much do homes in 28594, NC cost?
Median Sold Price
$785,000
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28594 was $785,000 in March 2024, up 20.2% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $291K | $305.3K | +4.9% |
2 Bedrooms | $475K | $557.5K | +17.4% |
3 Bedrooms | $610K | $770K | +26.2% |
4 Bedrooms | $900K | $1.0M | +14.5% |
5+ Bedrooms | $1.9M | $1.8M | -1.1% |
Summary: 28594 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in 28594, NC
How many homes are available in 28594, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 117 | +9.3% |
Summary: The 28594 real estate market had 117 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 46 | 48 | +4.3% |
4 Bedrooms | 29 | 29 | 0.0% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 28594 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 28594 in March 2024, down by 38.9% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for 28594, NC
How long does it take to sell a home in 28594, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 36 Days | -17.1% |
Summary: Homes in 28594 had an average of 36 days on market in Mar 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 28594; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.