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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28385 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 28385 has remained a Buyer's Market.

Key Takeaway

28385 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28385, NC

How much do homes in 28385, NC cost?

Median Sold Price

$312,276

$128/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$38,276(+14.0%)

Key Takeaway

Homes in 28385 have sold for 14% more than they did a month ago.

Summary: The median home sold price in 28385 was $312,276 in December 2024, up 14% from last month, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $274K-
N/A
4 -$312.2K
N/A
5+ --
N/A

Summary: 28385 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28385
+14.0%
28318
-0.9%

Housing Supply in 28385, NC

How many homes are available in 28385, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1613-18.8%

Summary: The 28385 real estate market had 13 homes for sale in December 2024, a 18.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 00
0.0%
3 75
-28.6%
4 87
-12.5%
5+ 00
0.0%

Summary: The 28385 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28385, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 28385 in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% 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

Nov 2024Dec 2024CHANGE
89 Days3 Days-96.6%

Summary: Homes in 28385 had an average of 3 days on market in Dec 2024, down by 96.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were 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 December 2024, 1 homes were sold in 28385; 100% of homes were sold within 30 days, 0% 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 7 Days Ago

Newest Listings in 28385, NC

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