Is 28461, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28461 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 28461 has remained a Seller's Market.

Key Takeaway

28461 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28461, NC

How much do homes in 28461, NC cost?

Median Sold Price

$450,156

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$11,388(+2.6%)

Key Takeaway

Homes in 28461 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 28461 was $450,156 in May 2024, up 2.6% from last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $274.5K$255K
-7.1%
2 $310K$310K
0.0%
3 $411.8K$419.9K
+2.0%
4 $699.9K$855K
+22.2%
5+ $1.6M$1.7M
+11.8%

Summary: 28461 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Zip Codes

28449
+34.1%
28422
+13.6%
28465
+9.6%
28461
+2.6%
28479
-1.5%

Housing Supply in 28461, NC

How many homes are available in 28461, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
374388+3.7%

Summary: The 28461 real estate market had 388 homes for sale in May 2024, a 3.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1111
0.0%
2 4343
0.0%
3 225234
+4.0%
4 7781
+5.2%
5+ 1819
+5.6%

Summary: The 28461 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6775+11.9%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28461, you may be able to get a good deal. 62.7% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in 28461 in May 2024, up by 11.9% month-over-month. Of the 75 sold homes, 63% were sold under asking, 27% were sold at asking, and 11% were sold over asking.

Days on Market for 28461, NC

How long does it take to sell a home in 28461, NC?

Average Sale Time

May 2023May 2024CHANGE
35 Days65 Days+82.7%

Summary: Homes in 28461 had an average of 65 days on market in May 2024, up by 82.7% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28461 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 75 homes were sold in 28461; 51% of homes were sold within 30 days, 29% 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 1 Day Ago

Newest Listings in 28461, NC

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