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 4 Days Ago

Newest Listings in 28170, NC

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