Is 28722, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28722 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 28722 was a Seller's Market.

Key Takeaway

28722 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 28722, NC

How much do homes in 28722, NC cost?

Median Sold Price

$428,900

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$78,900(+22.5%)

Key Takeaway

Homes in 28722 have sold for 22.5% more than they did a year ago.

Summary: The median home sold price in 28722 was $428,900 in March 2024, up 22.5% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $267.5K-
N/A
2 $326.2K$229.8K
-29.5%
3 $340K$446.5K
+31.3%
4 $600K$634.5K
+5.8%
5+ $824K$757.5K
-8.1%

Summary: 28722 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.5%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

28722
+22.5%
28756
+22.4%
28139
+4.5%
28782
+2.2%
28773
-9.6%

Housing Supply in 28722, NC

How many homes are available in 28722, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3234+6.3%

Summary: The 28722 real estate market had 34 homes for sale in March 2024, a 6.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1314
+7.7%
4 1010
0.0%
5+ 56
+20.0%

Summary: The 28722 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28722, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 28722 in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 28722, NC

How long does it take to sell a home in 28722, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
31 Days105 Days+230.4%

Summary: Homes in 28722 had an average of 105 days on market in Mar 2024, up by 230.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28722 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 5 homes were sold in 28722; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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 28722, NC

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