Is 28754, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 28754 has remained a Seller's Market.
Key Takeaway
28754 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28754, NC
How much do homes in 28754, NC cost?
Median Sold Price
$422,245
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 28754 have sold for 4% less than they did a year ago.
Summary: The median home sold price in 28754 was $422,245 in May 2024, down 4% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217K | $217.5K | 0.2% |
| 2 Bedrooms | $326.5K | $315K | -3.5% |
| 3 Bedrooms | $449K | $417.5K | -7.0% |
| 4 Bedrooms | $590K | $601.5K | +1.9% |
| 5+ Bedrooms | $840K | - | N/A |
Summary: 28754 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes did not change.
Housing Supply in 28754, NC
How many homes are available in 28754, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 67 | +8.1% |
Summary: The 28754 real estate market had 67 homes for sale in May 2024, a 8.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 39 | 44 | +12.8% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 28754 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28754, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 28754 in May 2024, up by 9.1% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.
Days on Market for 28754, NC
How long does it take to sell a home in 28754, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 68 Days | +81.6% |
Summary: Homes in 28754 had an average of 68 days on market in May 2024, up by 81.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28754 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in 28754; 42% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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