Is 28638, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28638 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 28638 has remained a Seller's Market.

Key Takeaway

28638 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28638, NC

How much do homes in 28638, NC cost?

Median Sold Price

$245,000

$166/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since March 2023.

Key Takeaway

The sold price of homes in 28638 has remained the same since last year.

Summary: The median home sold price in 28638 was $245,000 in March 2024, the same as last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $84.9K$134K
+57.8%
2 $148.5K$165K
+11.1%
3 $245K$249.9K
+2.0%
4 $300K$306.5K
+2.2%
5+ $312K$414.7K
+32.9%

Summary: 28638 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 32.9%.

Median Sold Price Compared To Nearby Zip Codes

28645
+14.3%
28638
0.0%
28630
-2.7%

Housing Supply in 28638, NC

How many homes are available in 28638, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3035+16.7%

Summary: The 28638 real estate market had 35 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 2025
+25.0%
4 34
+33.3%
5+ 22
0.0%

Summary: The 28638 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 decreased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
29+350.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28638, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in 28638 in March 2024, up by 350.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.

Days on Market for 28638, NC

How long does it take to sell a home in 28638, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days27 Days-19.8%

Summary: Homes in 28638 had an average of 27 days on market in Mar 2024, down by 19.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28638 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 9 homes were sold in 28638; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 28638, NC

Nearby Markets to 28638, NC