Is 28356, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28356 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28356 was a Buyer's Market.

Key Takeaway

28356 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28356, NC

How much do homes in 28356, NC cost?

Median Sold Price

$340,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,000(+0.3%)

Key Takeaway

The sold price of homes in 28356 has remained the same since last year.

Summary: The median home sold price in 28356 was $340,000 in November 2024, up 0.3% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $195.7K$164.5K
-16.0%
3 $300K$295K
-1.7%
4 $370K$375K
+1.4%
5+ $415K$425K
+2.4%

Summary: 28356 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 16%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Zip Codes

28311
+7.2%
28390
+0.8%
28356
0.3%
28339
-2.0%
28323
-2.5%

Housing Supply in 28356, NC

How many homes are available in 28356, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3321-36.4%

Summary: The 28356 real estate market had 21 homes for sale in November 2024, a 36.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 159
-40.0%
4 1812
-33.3%
5+ 00
0.0%

Summary: The 28356 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
144-71.4%

Asking Price vs. Sold Price

2 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 28356, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 28356 in November 2024, down by 71.4% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 28356, NC

How long does it take to sell a home in 28356, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days80 Days+370.6%

Summary: Homes in 28356 had an average of 80 days on market in Nov 2024, up by 370.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28356 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 28356; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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

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