Is 28751, 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, 28751 was a Seller's Market.
Key Takeaway
28751 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 28751, NC
How much do homes in 28751, NC cost?
Median Sold Price
$399,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28751 have sold for 14% more than they did a year ago.
Summary: The median home sold price in 28751 was $399,000 in March 2024, up 14% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $270K | +35.0% |
| 2 Bedrooms | $319.5K | $371.5K | +16.3% |
| 3 Bedrooms | $422.5K | $480K | +13.6% |
| 4 Bedrooms | $555.5K | $432K | -22.2% |
| 5+ Bedrooms | $610.5K | $965K | +58.1% |
Summary: 28751 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 58.1%.
Housing Supply in 28751, NC
How many homes are available in 28751, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 64 | +10.3% |
Summary: The 28751 real estate market had 64 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 26 | 30 | +15.4% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 28751 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28751, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 28751 in March 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 28751, NC
How long does it take to sell a home in 28751, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 51 Days | -1.1% |
Summary: Homes in 28751 had an average of 51 days on market in Mar 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28751 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in 28751; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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