Is 28328, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28328 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28328 was a Seller's Market.

Key Takeaway

28328 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28328, NC

How much do homes in 28328, NC cost?

Median Sold Price

$248,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,000(+15.3%)

Key Takeaway

Homes in 28328 have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in 28328 was $248,000 in November 2024, up 15.3% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $141.9K$137.9K
-2.8%
3 $228.9K$249.9K
+9.2%
4 $315K$367.5K
+16.7%
5+ -$342K
N/A

Summary: 28328 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 decreased by 2.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28328
+15.3%
28382
+13.5%

Housing Supply in 28328, NC

How many homes are available in 28328, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8992+3.4%

Summary: The 28328 real estate market had 92 homes for sale in November 2024, a 3.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 712
+71.4%
3 6663
-4.5%
4 1211
-8.3%
5+ 34
+33.3%

Summary: The 28328 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 71.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
157-53.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28328, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 28328 in November 2024, down by 53.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for 28328, NC

How long does it take to sell a home in 28328, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days122 Days+208.7%

Summary: Homes in 28328 had an average of 122 days on market in Nov 2024, up by 208.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28328 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 7 homes were sold in 28328; 29% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 71% 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 22 Days Ago

Newest Listings in 28328, NC

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