$2,791 Closing Credit*
$235,000
1,149 SqFt
3 Beds
•2 Full Baths
Phillip Davis, Listing Office: eXp Realty
Is 28159, 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, 28159 was a Seller's Market.
Key Takeaway
28159 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28159, NC
How much do homes in 28159, NC cost?
Median Sold Price
$225,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,500(-2.0%)
Key Takeaway
Homes in 28159 have sold for 2% less than they did a year ago.
Summary: The median home sold price in 28159 was $225,000 in October 2024, down 2% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157K | $164.5K | +4.8% |
| 3 Bedrooms | $235K | $234.9K | 0% |
| 4 Bedrooms | $251.9K | $312.5K | +24.0% |
| 5+ Bedrooms | $304.9K | $266.7K | -12.5% |
Summary: 28159 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Zip Codes
| 28144 | $231K | $230K | -0.4% |
| 28159 | $229.5K | $225K | -2.0% |
Housing Supply in 28159, NC
How many homes are available in 28159, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Summary: The 28159 real estate market had 40 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 4 | -60.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 28159 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 60%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28159, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 28159 in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 28159, NC
How long does it take to sell a home in 28159, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 106 Days | +55.0% |
Summary: Homes in 28159 had an average of 106 days on market in Oct 2024, up by 55% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 28159 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in 28159; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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