Is 28129, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28129 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 28129 has remained a Seller's Market.

Key Takeaway

28129 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28129, NC

How much do homes in 28129, NC cost?

Median Sold Price

$321,950

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$50(0%)

Key Takeaway

The sold price of homes in 28129 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $210K$257.5K
+22.6%
3 $313.7K$321.9K
+2.6%
4 $362.7K$400K
+10.3%
5+ $337K$120K
-64.4%

Summary: 28129 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 22.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 64.4%.

Median Sold Price Compared To Nearby Zip Codes

28128
+19.2%
28001
+14.6%
28163
+11.6%
28097
+2.6%
28129
0%

Housing Supply in 28129, NC

How many homes are available in 28129, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3038+26.7%

Summary: The 28129 real estate market had 38 homes for sale in November 2024, a 26.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1624
+50.0%
4 78
+14.3%
5+ 32
-33.3%

Summary: The 28129 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28129, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 28129 in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for 28129, NC

How long does it take to sell a home in 28129, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days35 Days+54.0%

Summary: Homes in 28129 had an average of 35 days on market in Nov 2024, up by 54% compared to last year.

Breakdown of Home Sale Times

3 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

Many homes in 28129 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 28129; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 23 Days Ago

Newest Listings in 28129, NC

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