$3,799 Closing Credit*
$319,900
1,618 SqFt
3 Beds
•2 Full Baths
SAMUEL VALLE, JEFFREY CAYNE, Listing Office: BASIS REALTY
Is 28348, 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, 28348 has remained a Seller's Market.
Key Takeaway
28348 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28348, NC
How much do homes in 28348, NC cost?
Median Sold Price
$275,479
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,609(+3.6%)
Key Takeaway
Homes in 28348 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 28348 was $275,479 in November 2024, up 3.6% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $144.7K | $143K | -1.2% |
| 3 Bedrooms | $234.8K | $248.4K | +5.8% |
| 4 Bedrooms | $314.5K | $339K | +7.8% |
| 5+ Bedrooms | $388K | $397K | +2.3% |
Summary: 28348 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 1.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Zip Codes
| 28371 | $260K | $274.4K | +5.6% |
| 28348 | $265.8K | $275.4K | +3.6% |
| 28306 | $295.9K | $287.6K | -2.8% |
Housing Supply in 28348, NC
How many homes are available in 28348, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 202 | 164 | -18.8% |
Summary: The 28348 real estate market had 164 homes for sale in November 2024, a 18.8% 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 115 | 91 | -20.9% |
| 4 Bedrooms | 67 | 56 | -16.4% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 28348 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 28.6%, 3 bedroom homes decreased by 20.9%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 35 | -41.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28348, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 35 homes were sold or pending in 28348 in November 2024, down by 41.7% month-over-month. Of the 35 sold homes, 23% were sold under asking, 60% were sold at asking, and 17% were sold over asking.
Days on Market for 28348, NC
How long does it take to sell a home in 28348, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 32 Days | -7.6% |
Summary: Homes in 28348 had an average of 32 days on market in Nov 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28348 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in 28348; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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