Is 28786, 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, 28786 was a Seller's Market.
Housing Prices in 28786, NC
How much do homes in 28786, NC cost?
Median Sold Price
$382,500
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 28786 was $382,500 in March 2024, up 9.3% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $257.5K | -9.6% |
2 Bedrooms | $270K | $300K | +11.1% |
3 Bedrooms | $380K | $420K | +10.5% |
4 Bedrooms | $457.5K | $457.5K | 0.0% |
5+ Bedrooms | $685K | $650K | -5.1% |
Summary: 28786 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in 28786, NC
How many homes are available in 28786, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 122 | +23.2% |
Summary: The 28786 real estate market had 122 homes for sale in March 2024, a 23.2% increase 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 | 23 | 31 | +34.8% |
3 Bedrooms | 50 | 59 | +18.0% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 28786 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 34.8%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 20 | +66.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 28786 in March 2024, up by 66.7% month-over-month. Of the 20 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for 28786, NC
How long does it take to sell a home in 28786, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 61 Days | -6.6% |
Summary: Homes in 28786 had an average of 61 days on market in Mar 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 28786; 45% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.