Is 28327, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28327 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28327 was a Seller's Market.

Key Takeaway

28327 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 28327, NC

How much do homes in 28327, NC cost?

Median Sold Price

$461,166

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$53,666(+13.2%)

Key Takeaway

Homes in 28327 have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in 28327 was $461,166 in October 2024, up 13.2% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $285K$190K
-33.3%
2 $265K$262.5K
-0.9%
3 $344K$425K
+23.5%
4 $465K$479.9K
+3.2%
5+ $509.4K$564.9K
+10.9%

Summary: 28327 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 10.9%.

Median Sold Price Compared To Nearby Zip Codes

28327
+13.2%
28374
+8.3%
27376
+6.9%

Housing Supply in 28327, NC

How many homes are available in 28327, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
106107+0.9%

Summary: The 28327 real estate market had 107 homes for sale in October 2024, a 0.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2122
+4.8%
3 4544
-2.2%
4 3434
0.0%
5+ 55
0.0%

Summary: The 28327 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1917-10.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28327, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in 28327 in October 2024, down by 10.5% month-over-month. Of the 17 sold homes, 41% were sold under asking, 53% were sold at asking, and 6% were sold over asking.

Days on Market for 28327, NC

How long does it take to sell a home in 28327, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days56 Days-14.6%

Summary: Homes in 28327 had an average of 56 days on market in Oct 2024, down by 14.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28327 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 28327; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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 28327, NC

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