Is 28097, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28097 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 28097 has remained a Seller's Market.

Key Takeaway

28097 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28097, NC

How much do homes in 28097, NC cost?

Median Sold Price

$398,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+3.4%)

Key Takeaway

Homes in 28097 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 28097 was $398,000 in October 2024, up 3.4% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$59.5K
-55.9%
2 $275.5K$302.2K
+9.7%
3 $355K$365K
+2.8%
4 $409.9K$446.3K
+8.9%
5+ $417K$417.8K
0.2%

Summary: 28097 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.9%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Zip Codes

28163
+11.3%
28097
+3.4%
28124
+0.6%
28129
-1.8%
28107
-2.8%

Housing Supply in 28097, NC

How many homes are available in 28097, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3533-5.7%

Summary: The 28097 real estate market had 33 homes for sale in October 2024, a 5.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 22
0.0%
3 1615
-6.3%
4 1313
0.0%
5+ 32
-33.3%

Summary: The 28097 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 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28097, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 28097 in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 28097, NC

How long does it take to sell a home in 28097, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days44 Days+39.8%

Summary: Homes in 28097 had an average of 44 days on market in Oct 2024, up by 39.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28097 has remained consistent over time.

Summary: During October 2024, 6 homes were sold in 28097; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 28097, NC

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