Is 28128, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28128 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28128 was a Seller's Market.

Key Takeaway

28128 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28128, NC

How much do homes in 28128, NC cost?

Median Sold Price

$310,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,000(+19.2%)

Key Takeaway

Homes in 28128 have sold for 19.2% more than they did a year ago.

Summary: The median home sold price in 28128 was $310,000 in November 2024, up 19.2% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$534.5K
N/A
2 $185K$299.5K
+61.9%
3 $264.9K$254.9K
-3.8%
4 $450K$725K
+61.1%
5+ $1.4M$2.7M
+84.9%

Summary: 28128 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.9%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 61.1%, and 5+ bedroom homes increased by 84.9%.

Median Sold Price Compared To Nearby Zip Codes

28135
+35.9%
28128
+19.2%
28001
+14.6%
27306
+13.6%
28170
+11.9%

Housing Supply in 28128, NC

How many homes are available in 28128, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
30300.0%

Summary: The 28128 real estate market had 30 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 55
0.0%
3 1818
0.0%
4 55
0.0%
5+ 12
+100.0%

Summary: The 28128 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28128, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 28128 in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 28128, NC

How long does it take to sell a home in 28128, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days3 Days-87.6%

Summary: Homes in 28128 had an average of 3 days on market in Nov 2024, down by 87.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28128 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in 28128; 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.

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

Report Updated 21 Days Ago

Newest Listings in 28128, NC

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