Is 28170, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28170 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28170 was a Seller's Market.

Key Takeaway

28170 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 28170, NC

How much do homes in 28170, NC cost?

Median Sold Price

$186,930

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,930(+20.6%)

Key Takeaway

Homes in 28170 have sold for 20.6% more than they did a year ago.

Summary: The median home sold price in 28170 was $186,930 in October 2024, up 20.6% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $16K$32.5K
+103.1%
2 $127.5K$145K
+13.7%
3 $160K$181.9K
+13.7%
4 $190K$284K
+49.5%
5+ $190K$274.9K
+44.7%

Summary: 28170 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.1%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes increased by 44.7%.

Median Sold Price Compared To Nearby Zip Codes

28135
+34.3%
28170
+20.6%

Housing Supply in 28170, NC

How many homes are available in 28170, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5051+2.0%

Summary: The 28170 real estate market had 51 homes for sale in October 2024, a 2.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 912
+33.3%
3 2929
0.0%
4 86
-25.0%
5+ 44
0.0%

Summary: The 28170 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28170, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 28170 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for 28170, NC

How long does it take to sell a home in 28170, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days119 Days+63.5%

Summary: Homes in 28170 had an average of 119 days on market in Oct 2024, up by 63.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28170 has remained consistent over time.

Summary: During October 2024, 8 homes were sold in 28170; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

Newest Listings in 28170, NC

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