Is 28906, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28906 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 28906 was a Seller's Market.

Key Takeaway

28906 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28906, NC

How much do homes in 28906, NC cost?

Median Sold Price

$322,250

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$16,950(+5.6%)

Key Takeaway

Homes in 28906 have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in 28906 was $322,250 in March 2024, up 5.6% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $174.9K$177.5K
+1.5%
2 $293K$319K
+8.9%
3 $367.5K$380K
+3.4%
4 $520K$407.5K
-21.6%
5+ $292.4K$340K
+16.3%

Summary: 28906 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Zip Codes

37385
+19.6%
28906
+5.6%

Housing Supply in 28906, NC

How many homes are available in 28906, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
131177+35.1%

Summary: The 28906 real estate market had 177 homes for sale in March 2024, a 35.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1216
+33.3%
2 6685
+28.8%
3 4562
+37.8%
4 613
+116.7%
5+ 21
-50.0%

Summary: The 28906 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 37.8%, 4 bedroom homes increased by 116.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28906, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 28906 in March 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 28906, NC

How long does it take to sell a home in 28906, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
71 Days72 Days+1.4%

Summary: Homes in 28906 had an average of 72 days on market in Mar 2024, up by 1.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28906 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 5 homes were sold in 28906; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 15 Days Ago

Newest Listings in 28906, NC

Nearby Markets to 28906, NC