Is 28761, 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, 28761 was a Seller's Market.
Key Takeaway
28761 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28761, NC
How much do homes in 28761, NC cost?
Median Sold Price
$446,250
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28761 have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in 28761 was $446,250 in March 2024, up 17.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $123.5K | -52.5% |
| 2 Bedrooms | $380K | $367.5K | -3.3% |
| 3 Bedrooms | $350K | $432.9K | +23.7% |
| 4 Bedrooms | $581.2K | $1.1M | +91.4% |
| 5+ Bedrooms | $912.5K | $1.5M | +72.6% |
Summary: 28761 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.5%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 91.4%, and 5+ bedroom homes increased by 72.6%.
Housing Supply in 28761, NC
How many homes are available in 28761, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 45 | +28.6% |
Summary: The 28761 real estate market had 45 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 28761 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 increased by 66.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28761, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 28761 in March 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 28761, NC
How long does it take to sell a home in 28761, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 89 Days | +60.3% |
Summary: Homes in 28761 had an average of 89 days on market in Mar 2024, up by 60.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28761 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 28761; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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