Is 28379, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28379 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28379 was a Buyer's Market.

Key Takeaway

28379 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 28379, NC

How much do homes in 28379, NC cost?

Median Sold Price

$181,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,000(+5.2%)

Key Takeaway

Homes in 28379 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 28379 was $181,000 in November 2024, up 5.2% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $40K$36K
-10.0%
2 $107.5K$115.4K
+7.4%
3 $194.5K$195K
0.2%
4 $349.9K$284.9K
-18.6%
5+ $302.5K$497.1K
+64.3%

Summary: 28379 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 64.3%.

Housing Supply in 28379, NC

How many homes are available in 28379, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8476-9.5%

Summary: The 28379 real estate market had 76 homes for sale in November 2024, a 9.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1513
-13.3%
3 5042
-16.0%
4 1112
+9.1%
5+ 56
+20.0%

Summary: The 28379 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 decreased by 13.3%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2111-47.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28379, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 28379 in November 2024, down by 47.6% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.

Days on Market for 28379, NC

How long does it take to sell a home in 28379, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days51 Days+52.2%

Summary: Homes in 28379 had an average of 51 days on market in Nov 2024, up by 52.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28379 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in 28379; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% 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 2 Days Ago

Newest Listings in 28379, NC

Nearby Markets to 28379, NC