Is 28168, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28168 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28168 was a Neutral Market.

Key Takeaway

28168 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28168, NC

How much do homes in 28168, NC cost?

Median Sold Price

$260,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+4.0%)

Key Takeaway

Homes in 28168 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 28168 was $260,000 in October 2024, up 4% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $120K-
N/A
2 $234K$157.5K
-32.7%
3 $259.5K$265K
+2.1%
4 $403.7K$443.5K
+9.8%
5+ $150K$1.7M
+1051.7%

Summary: 28168 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 32.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 1051.7%.

Median Sold Price Compared To Nearby Zip Codes

28602
+6.0%
28612
+4.3%
28168
+4.0%
28092
+2.1%

Housing Supply in 28168, NC

How many homes are available in 28168, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3731-16.2%

Summary: The 28168 real estate market had 31 homes for sale in October 2024, a 16.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2723
-14.8%
4 33
0.0%
5+ 10
-100.0%

Summary: The 28168 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 16.7%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
713+85.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28168, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 28168 in October 2024, up by 85.7% month-over-month. Of the 13 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% were sold over asking.

Days on Market for 28168, NC

How long does it take to sell a home in 28168, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days34 Days-29.1%

Summary: Homes in 28168 had an average of 34 days on market in Oct 2024, down by 29.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28168 has remained consistent over time.

Summary: During October 2024, 13 homes were sold in 28168; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

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