$27,900
Land
Listing Office: Mossy Oak Properties Land and Farms Realty
Is 28127, 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, 28127 was a Seller's Market.
Key Takeaway
28127 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28127, NC
How much do homes in 28127, NC cost?
Median Sold Price
$315,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,000(-1.3%)
Key Takeaway
Homes in 28127 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 28127 was $315,000 in October 2024, down 1.3% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $133K | +47.8% |
| 2 Bedrooms | $143K | $194.2K | +35.8% |
| 3 Bedrooms | $470K | $376.5K | -19.9% |
| 4 Bedrooms | $770K | $685K | -11.0% |
| 5+ Bedrooms | $978.7K | $1.4M | +43.0% |
Summary: 28127 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.8%, 2 bedroom homes increased by 35.8%, 3 bedroom homes decreased by 19.9%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 43%.
Housing Supply in 28127, NC
How many homes are available in 28127, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 106 | +15.2% |
Summary: The 28127 real estate market had 106 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 18 | +38.5% |
| 2 Bedrooms | 30 | 33 | +10.0% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 28127 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28127, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 28127 in October 2024, down by 21.4% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.
Days on Market for 28127, NC
How long does it take to sell a home in 28127, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 113 Days | +112.0% |
Summary: Homes in 28127 had an average of 113 days on market in Oct 2024, up by 112% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 28127 has remained consistent over time.
Summary: During October 2024, 11 homes were sold in 28127; 0% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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