Is 28034, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28034 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 28034 has remained a Seller's Market.

Key Takeaway

28034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28034, NC

How much do homes in 28034, NC cost?

Median Sold Price

$306,500

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,510(+3.6%)

Key Takeaway

Homes in 28034 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 28034 was $306,500 in October 2024, up 3.6% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $116K$65K
-44.0%
2 $180K$200K
+11.1%
3 $280K$300K
+7.1%
4 $329K$346.6K
+5.4%
5+ $350.3K$359.8K
+2.7%

Summary: 28034 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

28016
+8.7%
28034
+3.6%
28054
+1.8%

Housing Supply in 28034, NC

How many homes are available in 28034, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8492+9.5%

Summary: The 28034 real estate market had 92 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 106
-40.0%
3 3949
+25.6%
4 2727
0.0%
5+ 810
+25.0%

Summary: The 28034 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 25.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1417+21.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28034, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in 28034 in October 2024, up by 21.4% month-over-month. Of the 17 sold homes, 41% were sold under asking, 53% were sold at asking, and 6% were sold over asking.

Days on Market for 28034, NC

How long does it take to sell a home in 28034, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days37 Days+27.1%

Summary: Homes in 28034 had an average of 37 days on market in Oct 2024, up by 27.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28034 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 28034; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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 14 Days Ago

Newest Listings in 28034, NC

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