Is 28601, 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, 28601 has remained a Seller's Market.
Key Takeaway
28601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28601, NC
How much do homes in 28601, NC cost?
Median Sold Price
$300,612
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28601 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 28601 was $300,612 in April 2024, up 9.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $195K | +62.5% |
| 2 Bedrooms | $179.5K | $191.5K | +6.7% |
| 3 Bedrooms | $260K | $294.5K | +13.3% |
| 4 Bedrooms | $430K | $460K | +7.0% |
| 5+ Bedrooms | $540K | $603.7K | +11.8% |
Summary: 28601 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.5%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in 28601, NC
How many homes are available in 28601, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 200 | 234 | +17.0% |
Summary: The 28601 real estate market had 234 homes for sale in April 2024, a 17.0% increase 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 | 33 | 43 | +30.3% |
| 3 Bedrooms | 99 | 114 | +15.2% |
| 4 Bedrooms | 47 | 56 | +19.1% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The 28601 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 increased by 30.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 42 | -16.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28601, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 28601 in April 2024, down by 16.0% month-over-month. Of the 42 sold homes, 52% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for 28601, NC
How long does it take to sell a home in 28601, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 65 Days | +107.7% |
Summary: Homes in 28601 had an average of 65 days on market in Apr 2024, up by 107.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28601 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 42 homes were sold in 28601; 48% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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