$6,234 Closing Credit*
$525,000
1,693 SqFt
2 Beds
•2 Full Baths
Listing Office: Elder Broach Properties
Is 28277, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 28277 has remained a Seller's Market.
Key Takeaway
28277 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28277, NC
How much do homes in 28277, NC cost?
Median Sold Price
$615,261
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$102,011(+19.9%)
Key Takeaway
Homes in 28277 have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in 28277 was $615,261 in October 2024, up 19.9% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $329K | $345K | +4.9% |
| 3 Bedrooms | $425.9K | $498.9K | +17.1% |
| 4 Bedrooms | $648.6K | $728.3K | +12.3% |
| 5+ Bedrooms | $875K | $961.5K | +9.9% |
Summary: 28277 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 increased by 4.9%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in 28277, NC
How many homes are available in 28277, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 263 | 259 | -1.5% |
Summary: The 28277 real estate market had 259 homes for sale in October 2024, a 1.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 37 | 42 | +13.5% |
| 3 Bedrooms | 92 | 79 | -14.1% |
| 4 Bedrooms | 92 | 104 | +13.0% |
| 5+ Bedrooms | 42 | 34 | -19.0% |
Summary: The 28277 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 13.5%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 70 | -11.4% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28277, you may be able to get a good deal. 55.7% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in 28277 in October 2024, down by 11.4% month-over-month. Of the 70 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% were sold over asking.
Days on Market for 28277, NC
How long does it take to sell a home in 28277, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 20 Days | +61.6% |
Summary: Homes in 28277 had an average of 20 days on market in Oct 2024, up by 61.6% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28277 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 70 homes were sold in 28277; 70% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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