Is 27828, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 27828 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 27828 was a Seller's Market.

Key Takeaway

27828 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 27828, NC

How much do homes in 27828, NC cost?

Median Sold Price

$228,250

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$11,750(-4.9%)

Key Takeaway

Homes in 27828 have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in 27828 was $228,250 in November 2024, down 4.9% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $209.6K$55K
-73.8%
2 $127K$125K
-1.6%
3 $225K$225K
0.0%
4 $322.5K$345K
+7.0%
5+ $317.5K$233K
-26.6%

Summary: 27828 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.8%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 26.6%.

Median Sold Price Compared To Nearby Zip Codes

27834
+4.8%
27888
+3.4%
27828
-4.9%

Housing Supply in 27828, NC

How many homes are available in 27828, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2628+7.7%

Summary: The 27828 real estate market had 28 homes for sale in November 2024, a 7.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1617
+6.3%
4 43
-25.0%
5+ 44
0.0%

Summary: The 27828 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 27828, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 27828 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for 27828, NC

How long does it take to sell a home in 27828, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days8 Days-70.9%

Summary: Homes in 27828 had an average of 8 days on market in Nov 2024, down by 70.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 27828 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 27828; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 27828, NC

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