Is 28714, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28714 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 28714 has remained a Seller's Market.

Key Takeaway

28714 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28714, NC

How much do homes in 28714, NC cost?

Median Sold Price

$360,000

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$25,000(+7.5%)

Key Takeaway

Homes in 28714 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 28714 was $360,000 in March 2024, up 7.5% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $134K$171K
+27.6%
2 $287K$313K
+9.1%
3 $363.5K$382.3K
+5.2%
4 $482.5K$662.5K
+37.3%
5+ $962.5K$535K
-44.4%

Summary: 28714 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes decreased by 44.4%.

Median Sold Price Compared To Nearby Zip Codes

28705
+41.5%
28714
+7.5%
28740
-28.1%
28709
-36.7%

Housing Supply in 28714, NC

How many homes are available in 28714, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8182+1.2%

Summary: The 28714 real estate market had 82 homes for sale in March 2024, a 1.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 2522
-12.0%
3 4748
+2.1%
4 78
+14.3%
5+ 02
+100.0%

Summary: The 28714 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 12%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
15150.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28714, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 28714 in March 2024, the same as the previous month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.

Days on Market for 28714, NC

How long does it take to sell a home in 28714, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
80 Days89 Days+11.2%

Summary: Homes in 28714 had an average of 89 days on market in Mar 2024, up by 11.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28714 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 15 homes were sold in 28714; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 26 Days Ago

Newest Listings in 28714, NC

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