Is 28734, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28734 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 28734 has remained a Seller's Market.

Key Takeaway

28734 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28734, NC

How much do homes in 28734, NC cost?

Median Sold Price

$337,000

$229/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$37,000(-9.9%)

Key Takeaway

Homes in 28734 have sold for 9.9% less than they did a month ago.

Summary: The median home sold price in 28734 was $337,000 in April 2024, down 9.9% from last month, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$160K
N/A
2 -$241.2K
N/A
3 $374K$425K
+13.6%
4 $399.5K$495K
+23.9%
5+ --
N/A

Summary: 28734 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes did not change.

Housing Supply in 28734, NC

How many homes are available in 28734, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3942+7.7%

Summary: The 28734 real estate market had 42 homes for sale in April 2024, a 7.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 914
+55.6%
3 2222
0.0%
4 64
-33.3%
5+ 11
0.0%

Summary: The 28734 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 increased by 55.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
713+85.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28734, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 28734 in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for 28734, NC

How long does it take to sell a home in 28734, NC?

Average Sale Time

Mar 2024Apr 2024CHANGE
90 Days69 Days-23.2%

Summary: Homes in 28734 had an average of 69 days on market in Apr 2024, down by 23.2% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28734 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 13 homes were sold in 28734; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% 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 2 Days Ago

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