$4,036 Closing Credit*
$339,900
1,884 SqFt
4 Beds
•2 Full Baths, 1 Partial
BELINDA DAVIS, Listing Office: CAVINESS & CATES COMMUNITIES BUILDERS MKTG. GROUP
Is 28311, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 28311 was a Seller's Market.
Key Takeaway
28311 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28311, NC
How much do homes in 28311, NC cost?
Median Sold Price
$257,666
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,691(+7.4%)
Key Takeaway
Homes in 28311 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 28311 was $257,666 in October 2024, up 7.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $149.7K | +15.2% |
| 3 Bedrooms | $205K | $225.4K | +10.0% |
| 4 Bedrooms | $325K | $310K | -4.6% |
| 5+ Bedrooms | $405K | $435K | +7.4% |
Summary: 28311 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 15.2%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in 28311, NC
How many homes are available in 28311, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 180 | 192 | +6.7% |
Summary: The 28311 real estate market had 192 homes for sale in October 2024, a 6.7% 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 | 7 | 9 | +28.6% |
| 3 Bedrooms | 103 | 108 | +4.9% |
| 4 Bedrooms | 54 | 57 | +5.6% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 28311 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 28.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 26 | -39.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28311, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 28311 in October 2024, down by 39.5% month-over-month. Of the 26 sold homes, 42% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for 28311, NC
How long does it take to sell a home in 28311, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 18 Days | -71.6% |
Summary: Homes in 28311 had an average of 18 days on market in Oct 2024, down by 71.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28311 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in 28311; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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