Is 28740, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 28740 was a Neutral Market.
Key Takeaway
28740 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28740, NC
How much do homes in 28740, NC cost?
Median Sold Price
$287,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28740 have sold for 28.1% less than they did a year ago.
Summary: The median home sold price in 28740 was $287,500 in March 2024, down 28.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141K | $266K | +88.7% |
| 2 Bedrooms | $327K | $290K | -11.3% |
| 3 Bedrooms | $482.5K | $275K | -43.0% |
| 4 Bedrooms | $387.5K | $450K | +16.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 28740 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.7%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 43%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes did not change.
Housing Supply in 28740, NC
How many homes are available in 28740, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The 28740 real estate market had 8 homes for sale in March 2024, a 11.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 28740 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 decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28740, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 28740 in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 28740, NC
How long does it take to sell a home in 28740, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 5 Days | 168 Days | +3260.0% |
Summary: Homes in 28740 had an average of 168 days on market in Mar 2024, up by 3260% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 28740 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in 28740; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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