Is 28625, 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, 28625 has remained a Seller's Market.
Key Takeaway
28625 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28625, NC
How much do homes in 28625, NC cost?
Median Sold Price
$300,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28625 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 28625 was $300,000 in March 2024, up 3.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $97.5K | -31.6% |
| 2 Bedrooms | $159.7K | $168.2K | +5.3% |
| 3 Bedrooms | $285K | $295K | +3.5% |
| 4 Bedrooms | $360K | $374.1K | +3.9% |
| 5+ Bedrooms | $445K | $336.9K | -24.3% |
Summary: 28625 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.6%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 24.3%.
Housing Supply in 28625, NC
How many homes are available in 28625, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 146 | 157 | +7.5% |
Summary: The 28625 real estate market had 157 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 100 | 111 | +11.0% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 8 | 4 | -50.0% |
Summary: The 28625 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 11.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28625, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 28625 in March 2024, down by 3.3% month-over-month. Of the 29 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for 28625, NC
How long does it take to sell a home in 28625, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 29 Days | -48.4% |
Summary: Homes in 28625 had an average of 29 days on market in Mar 2024, down by 48.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28625 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in 28625; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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