$6,280 Closing Credit*
$528,800
4 Beds
•3 Full Baths
#100480932, Listing Office: Coldwell Banker Advantage-Southern Pines
Is 28374, 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, 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
$537,500
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,500(+10.8%)
Key Takeaway
Homes in 28374 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 28374 was $537,500 in November 2024, up 10.8% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.2K | $255.5K | +12.4% |
| 2 Bedrooms | $350K | $389.5K | +11.3% |
| 3 Bedrooms | $457K | $474.5K | +3.8% |
| 4 Bedrooms | $567.5K | $702.5K | +23.8% |
| 5+ Bedrooms | $1.0M | $900K | -10.0% |
Summary: 28374 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 23.8%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 217 | 210 | -3.2% |
Summary: The 28374 real estate market had 210 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 87 | 78 | -10.3% |
| 4 Bedrooms | 78 | 81 | +3.8% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The 28374 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 39 | -15.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28374, you may be able to get a good deal. 59% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 28374 in November 2024, down by 15.2% month-over-month. Of the 39 sold homes, 59% were sold under asking, 21% were sold at asking, and 21% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 61 Days | +80.2% |
Summary: Homes in 28374 had an average of 61 days on market in Nov 2024, up by 80.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 39 homes were sold in 28374; 51% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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