Is 28594, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28594 is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, 28594 has remained a Seller's Market.

Key Takeaway

28594 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28594, NC

How much do homes in 28594, NC cost?

Median Sold Price

$780,000

$502/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$83,100(+11.9%)

Key Takeaway

Homes in 28594 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 28594 was $780,000 in May 2024, up 11.9% from last year, and the median price per square foot was $502.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $291K$307.5K
+5.7%
2 $490K$575K
+17.3%
3 $652.5K$769K
+17.9%
4 $899.5K$1.1M
+22.3%
5+ $2.0M$1.8M
-9.8%

Summary: 28594 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Zip Codes

28584
+15.6%
28570
+12.1%
28594
+11.9%
28512
+6.9%
28539
+5.2%

Housing Supply in 28594, NC

How many homes are available in 28594, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
125128+2.4%

Summary: The 28594 real estate market had 128 homes for sale in May 2024, a 2.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 89
+12.5%
2 1918
-5.3%
3 5256
+7.7%
4 2828
0.0%
5+ 1817
-5.6%

Summary: The 28594 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2324+4.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28594, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 28594 in May 2024, up by 4.3% month-over-month. Of the 24 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for 28594, NC

How long does it take to sell a home in 28594, NC?

Average Sale Time

May 2023May 2024CHANGE
87 Days38 Days-56.5%

Summary: Homes in 28594 had an average of 38 days on market in May 2024, down by 56.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28594 are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 24 homes were sold in 28594; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 2 Days Ago

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Newest Listings in 28594, NC

Nearby Markets to 28594, NC

MLS Disclaimers and Copyright

Based on information from North Carolina Regional MLS, Triangle MLS, and Triad MLS Inc for the period 06/01/2022 - 06/01/2024

IDX Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2024, 12:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Copyright © 2024 Triangle MLS, Inc. of North Carolina. All rights reserved.

Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.

Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2024, 12:20:39 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2024, 12:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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