Is 28777, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 28777 was a Neutral Market.
Key Takeaway
28777 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28777, NC
How much do homes in 28777, NC cost?
Median Sold Price
$264,250
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 28777 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 28777 was $264,250 in May 2024, up 5.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $150K | 0.0% |
| 2 Bedrooms | $232K | $225K | -3.0% |
| 3 Bedrooms | $280K | $243K | -13.2% |
| 4 Bedrooms | $260K | $392.5K | +51.0% |
| 5+ Bedrooms | $225K | $745K | +231.1% |
Summary: 28777 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 3%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 51%, and 5+ bedroom homes increased by 231.1%.
Housing Supply in 28777, NC
How many homes are available in 28777, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 41 | +17.1% |
Summary: The 28777 real estate market had 41 homes for sale in May 2024, a 17.1% 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 | 8 | 11 | +37.5% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 28777 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 increased by 37.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28777, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 28777 in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 28777, NC
How long does it take to sell a home in 28777, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 96 Days | +413.3% |
Summary: Homes in 28777 had an average of 96 days on market in May 2024, up by 413.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 28777 has remained consistent over time.
Summary: During May 2024, 3 homes were sold in 28777; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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