$59,000
Land
Listing Office: Allen Tate Shelby
Is 28040, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 28040 was a Seller's Market.
Key Takeaway
28040 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 28040, NC
How much do homes in 28040, NC cost?
Median Sold Price
$199,950
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,487(+10.8%)
Key Takeaway
Homes in 28040 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 28040 was $199,950 in October 2024, up 10.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $67.7K | N/A |
| 2 Bedrooms | $165K | $176.9K | +7.2% |
| 3 Bedrooms | $196.5K | $200K | +1.8% |
| 4 Bedrooms | $199.9K | $336K | +68.1% |
| 5+ Bedrooms | $309K | - | N/A |
Summary: 28040 housing prices by bedroom type for October 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 increased by 1.8%, 4 bedroom homes increased by 68.1%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The 28040 real estate market had 30 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 28040 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 increased by 20%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 28040 in October 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 41 Days | +243.3% |
Summary: Homes in 28040 had an average of 41 days on market in Oct 2024, up by 243.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28040 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 28040; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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