$5,878 Closing Credit*
$495,000
2,161 SqFt
3 Beds
•3 Full Baths
#100474394, Listing Office: Keller Williams Pinehurst
Is 28374, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 28374 has remained a Seller's Market.
Key Takeaway
28374 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28374, NC
How much do homes in 28374, NC cost?
Median Sold Price
$519,833
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,833(+8.3%)
Key Takeaway
Homes in 28374 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 28374 was $519,833 in October 2024, up 8.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.2K | $255.5K | +12.4% |
| 2 Bedrooms | $350K | $390K | +11.4% |
| 3 Bedrooms | $455K | $472K | +3.7% |
| 4 Bedrooms | $575K | $662.5K | +15.2% |
| 5+ Bedrooms | $1.0M | $900K | -10.0% |
Summary: 28374 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 10%.
Housing Supply in 28374, NC
How many homes are available in 28374, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 232 | 225 | -3.0% |
Summary: The 28374 real estate market had 225 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 89 | 88 | -1.1% |
| 4 Bedrooms | 88 | 81 | -8.0% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The 28374 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 45 | +2.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28374, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 28374 in October 2024, up by 2.3% month-over-month. Of the 45 sold homes, 49% were sold under asking, 18% were sold at asking, and 33% were sold over asking.
Days on Market for 28374, NC
How long does it take to sell a home in 28374, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 42 Days | +61.4% |
Summary: Homes in 28374 had an average of 42 days on market in Oct 2024, up by 61.4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28374 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in 28374; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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