$3,266 Closing Credit*
$275,000
1,340 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Journey
Is 28040, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 28040 has remained a Seller's Market.
Key Takeaway
28040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28040, NC
How much do homes in 28040, NC cost?
Median Sold Price
$200,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$7,000(+3.6%)
Key Takeaway
Homes in 28040 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 28040 was $200,000 in December 2024, up 3.6% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $67.7K | N/A |
| 2 Bedrooms | $165K | $176.9K | +7.2% |
| 3 Bedrooms | $245K | $202.5K | -17.3% |
| 4 Bedrooms | $200.4K | $336K | +67.7% |
| 5+ Bedrooms | $309K | - | N/A |
Summary: 28040 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes increased by 67.7%, and 5+ bedroom homes did not change.
Housing Supply in 28040, NC
How many homes are available in 28040, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The 28040 real estate market had 23 homes for sale in December 2024, a 8.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 28040 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28040, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 28040 in December 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 28040, NC
How long does it take to sell a home in 28040, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 51 Days | +125.9% |
Summary: Homes in 28040 had an average of 51 days on market in Dec 2024, up by 125.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 28040 has remained consistent over time.
Summary: During December 2024, 4 homes were sold in 28040; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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