$8,134 Closing Credit*
$685,000
3,165 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: Four Seasons Realty Albemarle
Is 28163, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 28163 has remained a Neutral Market.
Key Takeaway
28163 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 28163, NC
How much do homes in 28163, NC cost?
Median Sold Price
$411,394
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,894(+11.3%)
Key Takeaway
Homes in 28163 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 28163 was $411,394 in October 2024, up 11.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86.5K | - | N/A |
| 2 Bedrooms | $235.5K | $167.5K | -28.9% |
| 3 Bedrooms | $378.5K | $402.5K | +6.3% |
| 4 Bedrooms | $383.5K | $428K | +11.6% |
| 5+ Bedrooms | $390K | $449K | +15.1% |
Summary: 28163 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 decreased by 28.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 15.1%.
Housing Supply in 28163, NC
How many homes are available in 28163, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The 28163 real estate market had 30 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 28163 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28163, 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 28163 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 28163, NC
How long does it take to sell a home in 28163, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 61 Days | +80.0% |
Summary: Homes in 28163 had an average of 61 days on market in Oct 2024, up by 80% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28163 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 28163; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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