Is 28163, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28163 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28163 was a Buyer's Market.

Key Takeaway

28163 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28163, NC

How much do homes in 28163, NC cost?

Median Sold Price

$407,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$42,250(+11.6%)

Key Takeaway

Homes in 28163 have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in 28163 was $407,000 in November 2024, up 11.6% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $86.5K-
N/A
2 $235.5K$167.5K
-28.9%
3 $374K$391.5K
+4.7%
4 $383.5K$428K
+11.6%
5+ $390K$449K
+15.1%

Summary: 28163 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 decreased by 28.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 15.1%.

Median Sold Price Compared To Nearby Zip Codes

28163
+11.6%
28110
+4.4%
28097
+2.6%
28129
0%
28107
-1.5%

Housing Supply in 28163, NC

How many homes are available in 28163, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3032+6.7%

Summary: The 28163 real estate market had 32 homes for sale in November 2024, a 6.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1214
+16.7%
4 1312
-7.7%
5+ 33
0.0%

Summary: The 28163 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 increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
511+120.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28163, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 28163 in November 2024, up by 120.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
45 Days38 Days-15.7%

Summary: Homes in 28163 had an average of 38 days on market in Nov 2024, down by 15.7% compared to last year.

Breakdown of Home Sale Times

7 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 28163 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in 28163; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 28163, NC

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