Is 28385, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28385 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 28385 has remained a Seller's Market.

Key Takeaway

28385 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28385, NC

How much do homes in 28385, NC cost?

Median Sold Price

$271,450

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$11,025(-3.9%)

Key Takeaway

Homes in 28385 have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in 28385 was $271,450 in October 2024, down 3.9% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$125K
N/A
2 -$145K
N/A
3 $275K$279.1K
+1.5%
4 $284K$291.5K
+2.7%
5+ --
N/A

Summary: 28385 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 did not change, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28382
+16.8%
28328
+11.4%
28318
+8.2%
28385
-3.9%

Housing Supply in 28385, NC

How many homes are available in 28385, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1416+14.3%

Summary: The 28385 real estate market had 16 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 00
0.0%
3 89
+12.5%
4 57
+40.0%
5+ 00
0.0%

Summary: The 28385 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28385, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 28385 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 28385, NC

How long does it take to sell a home in 28385, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
69 Days32 Days-53.6%

Summary: Homes in 28385 had an average of 32 days on market in Oct 2024, down by 53.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 28385 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 28385; 67% of homes were sold within 30 days, 33% 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 4 Days Ago

Newest Listings in 28385, NC

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