$5,451 Closing Credit*
$459,000
1,649 SqFt
2 Beds
•2 Full Baths
Listing Office: Lantern Realty & Development, LLC
Is 28071, 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, 28071 was a Seller's Market.
Key Takeaway
28071 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28071, NC
How much do homes in 28071, NC cost?
Median Sold Price
$292,750
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,250(-5.0%)
Key Takeaway
Homes in 28071 have sold for 5% less than they did a year ago.
Summary: The median home sold price in 28071 was $292,750 in October 2024, down 5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $231.3K | $273.9K | +18.4% |
| 3 Bedrooms | $308K | $293K | -4.9% |
| 4 Bedrooms | $431.2K | $610.4K | +41.6% |
| 5+ Bedrooms | $425K | $270K | -36.5% |
Summary: 28071 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 18.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 41.6%, and 5+ bedroom homes decreased by 36.5%.
Housing Supply in 28071, NC
How many homes are available in 28071, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The 28071 real estate market had 15 homes for sale in October 2024, a 7.1% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 28071 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28071, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 28071 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 28071, NC
How long does it take to sell a home in 28071, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 0 Days | -96.0% |
Summary: Homes in 28071 had an average of 0 days on market in Oct 2024, down by 96% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28071 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 28071; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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