Is 28712, 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, 28712 has remained a Seller's Market.
Key Takeaway
28712 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28712, NC
How much do homes in 28712, NC cost?
Median Sold Price
$510,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 28712 have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in 28712 was $510,000 in April 2024, up 13.3% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $369K | $302.5K | -18.0% |
| 2 Bedrooms | $307K | $379K | +23.5% |
| 3 Bedrooms | $489K | $537.5K | +9.9% |
| 4 Bedrooms | $630K | $755K | +19.8% |
| 5+ Bedrooms | $533.5K | $750K | +40.6% |
Summary: 28712 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 40.6%.
Housing Supply in 28712, NC
How many homes are available in 28712, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 114 | 126 | +10.5% |
Summary: The 28712 real estate market had 126 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 32 | 30 | -6.3% |
| 3 Bedrooms | 58 | 68 | +17.2% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 28712 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 decreased by 6.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28712, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 28712 in April 2024, up by 10.3% month-over-month. Of the 32 sold homes, 69% were sold under asking, 22% were sold at asking, and 9% were sold over asking.
Days on Market for 28712, NC
How long does it take to sell a home in 28712, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 47 Days | -6.3% |
Summary: Homes in 28712 had an average of 47 days on market in Apr 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28712 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in 28712; 53% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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