$1,413 Closing Credit*
$119,000
900 SqFt
2 Beds
•1 Full Bath
Listing Office: Wallace Realty
Is 28147, 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, 28147 was a Seller's Market.
Key Takeaway
28147 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28147, NC
How much do homes in 28147, NC cost?
Median Sold Price
$337,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,176(+17.5%)
Key Takeaway
Homes in 28147 have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in 28147 was $337,500 in October 2024, up 17.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110.1K | $92K | -16.4% |
| 2 Bedrooms | $192.5K | $225K | +16.9% |
| 3 Bedrooms | $280.5K | $345K | +23.0% |
| 4 Bedrooms | $350K | $395K | +12.9% |
| 5+ Bedrooms | $450K | $782.5K | +73.9% |
Summary: 28147 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 73.9%.
Housing Supply in 28147, NC
How many homes are available in 28147, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 99 | +11.2% |
Summary: The 28147 real estate market had 99 homes for sale in October 2024, a 11.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 52 | 61 | +17.3% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 28147 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 decreased by 22.2%, 3 bedroom homes increased by 17.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28147, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 28147 in October 2024, down by 29.4% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for 28147, NC
How long does it take to sell a home in 28147, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 24 Days | +16.9% |
Summary: Homes in 28147 had an average of 24 days on market in Oct 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28147 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 28147; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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