$3,147 Closing Credit*
$265,000
1,141 SqFt
2 Beds
•2 Full Baths
Listing Office: Shane Gavin Realty & Investments INC
Is 28277, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$614,975
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$99,975(+19.4%)
Key Takeaway
Homes in 28277 have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in 28277 was $614,975 in November 2024, up 19.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $319.2K | $345K | +8.1% |
| 3 Bedrooms | $429.6K | $502.2K | +16.9% |
| 4 Bedrooms | $660K | $725K | +9.8% |
| 5+ Bedrooms | $882.5K | $955K | +8.2% |
Summary: 28277 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in 28277, NC
How many homes are available in 28277, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 258 | 220 | -14.7% |
Summary: The 28277 real estate market had 220 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 41 | 37 | -9.8% |
| 3 Bedrooms | 78 | 74 | -5.1% |
| 4 Bedrooms | 104 | 85 | -18.3% |
| 5+ Bedrooms | 35 | 24 | -31.4% |
Summary: The 28277 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 9.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes decreased by 31.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 69 | -6.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28277, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in 28277 in November 2024, down by 6.8% month-over-month. Of the 69 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 26 Days | +138.0% |
Summary: Homes in 28277 had an average of 26 days on market in Nov 2024, up by 138% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 69 homes were sold in 28277; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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