Is 28462, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28462 is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, 28462 was a Seller's Market.

Key Takeaway

28462 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 28462, NC

How much do homes in 28462, NC cost?

Median Sold Price

$550,000

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$119,333(+27.7%)

Key Takeaway

Homes in 28462 have sold for 27.7% more than they did a year ago.

Summary: The median home sold price in 28462 was $550,000 in May 2024, up 27.7% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$315K
N/A
2 $371K$369.5K
-0.4%
3 $380K$412K
+8.4%
4 $745K$745K
0.0%
5+ $1.6M$1.3M
-15.6%

Summary: 28462 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 15.6%.

Median Sold Price Compared To Nearby Zip Codes

28462
+27.7%
28422
+13.6%
28465
+9.6%
28470
+6.7%
28420
-7.4%

Housing Supply in 28462, NC

How many homes are available in 28462, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1531530.0%

Summary: The 28462 real estate market had 153 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 8487
+3.6%
4 5147
-7.8%
5+ 810
+25.0%

Summary: The 28462 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 decreased by 11.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2725-7.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28462, you may be able to get a good deal. 72% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 28462 in May 2024, down by 7.4% month-over-month. Of the 25 sold homes, 72% were sold under asking, 16% were sold at asking, and 12% were sold over asking.

Days on Market for 28462, NC

How long does it take to sell a home in 28462, NC?

Average Sale Time

May 2023May 2024CHANGE
58 Days75 Days+30.0%

Summary: Homes in 28462 had an average of 75 days on market in May 2024, up by 30% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28462 has remained consistent over time.

Summary: During May 2024, 25 homes were sold in 28462; 32% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 28% 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

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