$5,338 Closing Credit*
$449,500
1,093 SqFt
2 Beds
•2 Full Baths
Listing Office: NorthGroup Real Estate LLC
Is 28278, 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, 28278 has remained a Seller's Market.
Key Takeaway
28278 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28278, NC
How much do homes in 28278, NC cost?
Median Sold Price
$467,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$816(-0.2%)
Key Takeaway
The sold price of homes in 28278 has remained the same since last year.
Summary: The median home sold price in 28278 was $467,000 in October 2024, down 0.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $512.1K | - | N/A |
| 2 Bedrooms | $356K | $415K | +16.6% |
| 3 Bedrooms | $411.7K | $411.7K | 0% |
| 4 Bedrooms | $475K | $490K | +3.2% |
| 5+ Bedrooms | $610K | $725K | +18.9% |
Summary: 28278 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 16.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 18.9%.
Housing Supply in 28278, NC
How many homes are available in 28278, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 229 | 232 | +1.3% |
Summary: The 28278 real estate market had 232 homes for sale in October 2024, a 1.3% increase 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 96 | 91 | -5.2% |
| 4 Bedrooms | 66 | 63 | -4.5% |
| 5+ Bedrooms | 61 | 71 | +16.4% |
Summary: The 28278 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 16.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 16.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 50 | +11.1% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28278, you may be able to get a good deal. 68% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in 28278 in October 2024, up by 11.1% month-over-month. Of the 50 sold homes, 68% were sold under asking, 24% were sold at asking, and 8% were sold over asking.
Days on Market for 28278, NC
How long does it take to sell a home in 28278, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 47 Days | +56.2% |
Summary: Homes in 28278 had an average of 47 days on market in Oct 2024, up by 56.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 28278 has remained consistent over time.
Summary: During October 2024, 50 homes were sold in 28278; 38% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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