Is 28166, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28166 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 28166 has remained a Neutral Market.

Key Takeaway

28166 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 28166, NC

How much do homes in 28166, NC cost?

Median Sold Price

$399,292

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,395(+7.9%)

Key Takeaway

Homes in 28166 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 28166 was $399,292 in November 2024, up 7.9% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150K$245K
+63.3%
2 $295K$240K
-18.6%
3 $353.9K$375.9K
+6.2%
4 $385K$420K
+9.1%
5+ $430.5K$483.9K
+12.4%

Summary: 28166 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.3%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Zip Codes

28677
+14.8%
28115
+8.4%
28166
+7.9%
28117
-0.1%

Housing Supply in 28166, NC

How many homes are available in 28166, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
217210-3.2%

Summary: The 28166 real estate market had 210 homes for sale in November 2024, a 3.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 9285
-7.6%
4 8386
+3.6%
5+ 3737
0.0%

Summary: The 28166 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 decreased by 60%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3534-2.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28166, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 28166 in November 2024, down by 2.9% month-over-month. Of the 34 sold homes, 50% were sold under asking, 41% were sold at asking, and 9% were sold over asking.

Days on Market for 28166, NC

How long does it take to sell a home in 28166, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days39 Days-17.4%

Summary: Homes in 28166 had an average of 39 days on market in Nov 2024, down by 17.4% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28166 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 34 homes were sold in 28166; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% 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 25 Days Ago

Newest Listings in 28166, NC

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