Is 28351, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28351 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 28351 has remained a Seller's Market.

Key Takeaway

28351 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28351, NC

How much do homes in 28351, NC cost?

Median Sold Price

$130,000

$85/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$40,000(+44.4%)

Key Takeaway

Homes in 28351 have sold for 44.4% more than they did a month ago.

Summary: The median home sold price in 28351 was $130,000 in October 2024, up 44.4% from last month, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $90K-
N/A
3 $89.5K$130K
+45.3%
4 -$80K
N/A
5+ -$138K
N/A

Summary: 28351 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 45.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28351
+44.4%
28345
+4.0%

Housing Supply in 28351, NC

How many homes are available in 28351, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
107-30.0%

Summary: The 28351 real estate market had 7 homes for sale in October 2024, a 30.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 30
-100.0%
3 33
0.0%
4 33
0.0%
5+ 11
0.0%

Summary: The 28351 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28351, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 28351 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 28351, NC

How long does it take to sell a home in 28351, NC?

Average Sale Time

Sep 2024Oct 2024CHANGE
54 Days70 Days+29.1%

Summary: Homes in 28351 had an average of 70 days on market in Oct 2024, up by 29.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28351 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 28351; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 28351, NC

Nearby Markets to 28351, NC