$3,384 Closing Credit*
$285,000
1,125 SqFt
2 Beds
•2 Full Baths
Listing Office: Matheny Real Estate
Is 28160, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 28160 was a Seller's Market.
Key Takeaway
28160 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 28160, NC
How much do homes in 28160, NC cost?
Median Sold Price
$178,500
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$22,500(+14.4%)
Key Takeaway
Homes in 28160 have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in 28160 was $178,500 in December 2024, up 14.4% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140.2K | N/A |
| 2 Bedrooms | $124.9K | $150K | +20.1% |
| 3 Bedrooms | $179.5K | $211K | +17.5% |
| 4 Bedrooms | $199K | $320K | +60.8% |
| 5+ Bedrooms | $239.9K | $347.5K | +44.9% |
Summary: 28160 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 60.8%, and 5+ bedroom homes increased by 44.9%.
Housing Supply in 28160, NC
How many homes are available in 28160, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 36 | 33 | -8.3% |
Summary: The 28160 real estate market had 33 homes for sale in December 2024, a 8.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 28160 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 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 28160, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 28160 in December 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 28160, NC
How long does it take to sell a home in 28160, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 34 Days | 81 Days | +135.4% |
Summary: Homes in 28160 had an average of 81 days on market in Dec 2024, up by 135.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28160 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in 28160; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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