$5,332 Closing Credit*
$449,000
1,919 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: EXP Realty LLC Ballantyne
Is 28056, 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, 28056 was a Seller's Market.
Key Takeaway
28056 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 28056, NC
How much do homes in 28056, NC cost?
Median Sold Price
$350,900
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,100(-1.2%)
Key Takeaway
Homes in 28056 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 28056 was $350,900 in October 2024, down 1.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.7K | $145K | +8.4% |
| 2 Bedrooms | $220K | $239.4K | +8.8% |
| 3 Bedrooms | $315K | $316.9K | +0.6% |
| 4 Bedrooms | $418.8K | $418.5K | -0.1% |
| 5+ Bedrooms | $485K | $503.1K | +3.7% |
Summary: 28056 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in 28056, NC
How many homes are available in 28056, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 197 | 221 | +12.2% |
Summary: The 28056 real estate market had 221 homes for sale in October 2024, a 12.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 24 | +20.0% |
| 3 Bedrooms | 105 | 120 | +14.3% |
| 4 Bedrooms | 57 | 62 | +8.8% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 28056 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 increased by 14.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 33 | +22.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28056, you may be able to get a good deal. 69.7% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 28056 in October 2024, up by 22.2% month-over-month. Of the 33 sold homes, 70% were sold under asking, 27% were sold at asking, and 3% were sold over asking.
Days on Market for 28056, NC
How long does it take to sell a home in 28056, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +30.4% |
Summary: Homes in 28056 had an average of 33 days on market in Oct 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28056 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in 28056; 64% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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