$15,000
Land
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 November 2023
At the same time last year, 28056 was a Seller's Market.
Key Takeaway
28056 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28056, NC
How much do homes in 28056, NC cost?
Median Sold Price
$351,142
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,357(-1.8%)
Key Takeaway
Homes in 28056 have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in 28056 was $351,142 in November 2024, down 1.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.7K | $145K | +8.4% |
| 2 Bedrooms | $220K | $235.7K | +7.2% |
| 3 Bedrooms | $315K | $316.9K | +0.6% |
| 4 Bedrooms | $415.5K | $418K | +0.6% |
| 5+ Bedrooms | $487.5K | $510K | +4.6% |
Summary: 28056 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in 28056, NC
How many homes are available in 28056, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 215 | 211 | -1.9% |
Summary: The 28056 real estate market had 211 homes for sale in November 2024, a 1.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 119 | 116 | -2.5% |
| 4 Bedrooms | 59 | 57 | -3.4% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The 28056 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 remained the same, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 30 | -23.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28056, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 28056 in November 2024, down by 23.1% month-over-month. Of the 30 sold homes, 60% were sold under asking, 23% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 37 Days | -0.9% |
Summary: Homes in 28056 had an average of 37 days on market in Nov 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 30 homes were sold in 28056; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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