$5,878 Closing Credit*
$495,000
2,789 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: DM Properties & Associates
Is 28078, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 28078 has remained a Seller's Market.
Key Takeaway
28078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28078, NC
How much do homes in 28078, NC cost?
Median Sold Price
$550,269
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,269(+2.9%)
Key Takeaway
Homes in 28078 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 28078 was $550,269 in October 2024, up 2.9% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $593.4K | - | N/A |
| 2 Bedrooms | $325K | $346K | +6.5% |
| 3 Bedrooms | $410K | $420K | +2.4% |
| 4 Bedrooms | $566.6K | $587.4K | +3.7% |
| 5+ Bedrooms | $721K | $767.1K | +6.4% |
Summary: 28078 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 6.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 6.4%.
Housing Supply in 28078, NC
How many homes are available in 28078, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 339 | 324 | -4.4% |
Summary: The 28078 real estate market had 324 homes for sale in October 2024, a 4.4% decrease 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 | 13 | 13 | 0.0% |
| 3 Bedrooms | 99 | 98 | -1.0% |
| 4 Bedrooms | 134 | 125 | -6.7% |
| 5+ Bedrooms | 93 | 88 | -5.4% |
Summary: The 28078 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 remained the same, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 5.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 74 | -7.5% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28078, you may be able to get a good deal. 52.7% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in 28078 in October 2024, down by 7.5% month-over-month. Of the 74 sold homes, 53% were sold under asking, 23% were sold at asking, and 24% were sold over asking.
Days on Market for 28078, NC
How long does it take to sell a home in 28078, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 30 Days | +10.1% |
Summary: Homes in 28078 had an average of 30 days on market in Oct 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28078 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 74 homes were sold in 28078; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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