$40,000
2.85 Acres
Land
CASSIE CALLAHAN, Listing Office: BIRCH & BEAM REALTY
Is 28394, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 28394 was a Buyer's Market.
Key Takeaway
28394 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28394, NC
How much do homes in 28394, NC cost?
Median Sold Price
$374,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,000(-0.3%)
Key Takeaway
The sold price of homes in 28394 has remained the same since last year.
Summary: The median home sold price in 28394 was $374,000 in October 2024, down 0.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $435K | N/A |
| 2 Bedrooms | $191.5K | $187.5K | -2.1% |
| 3 Bedrooms | $345K | $322K | -6.7% |
| 4 Bedrooms | $399K | $395K | -1.0% |
| 5+ Bedrooms | $432.5K | $490K | +13.3% |
Summary: 28394 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 2.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in 28394, NC
How many homes are available in 28394, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 75 | +2.7% |
Summary: The 28394 real estate market had 75 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 37 | 39 | +5.4% |
| 4 Bedrooms | 26 | 23 | -11.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 28394 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28394, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 28394 in October 2024, up by 44.4% month-over-month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for 28394, NC
How long does it take to sell a home in 28394, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 37 Days | +20.0% |
Summary: Homes in 28394 had an average of 37 days on market in Oct 2024, up by 20% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28394 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 28394; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.