Is 28377, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28377 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28377 was a Seller's Market.

Key Takeaway

28377 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28377, NC

How much do homes in 28377, NC cost?

Median Sold Price

$162,550

$89/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$450(-0.3%)

Key Takeaway

The sold price of homes in 28377 has remained the same since last year.

Summary: The median home sold price in 28377 was $162,550 in October 2024, down 0.3% from last year, and the median price per square foot was $89.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $88K$75K
-14.8%
3 $143.5K$149.7K
+4.4%
4 $238.5K$236.5K
-0.8%
5+ -$332.5K
N/A

Summary: 28377 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28376
+1.5%
28377
-0.3%
28364
-14.3%

Housing Supply in 28377, NC

How many homes are available in 28377, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1722+29.4%

Summary: The 28377 real estate market had 22 homes for sale in October 2024, a 29.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 69
+50.0%
4 911
+22.2%
5+ 11
0.0%

Summary: The 28377 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 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 28377, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 28377 in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 28377, NC

How long does it take to sell a home in 28377, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
183 Days28 Days-84.4%

Summary: Homes in 28377 had an average of 28 days on market in Oct 2024, down by 84.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28377 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 28377; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in 28377, NC

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