$4,508 Closing Credit*
$379,600
1,425 SqFt
3 Beds
•2 Full Baths
#100480333, Listing Office: Clear Blue Real Estate, LLC
Is 28401, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 28401 was a Seller's Market.
Key Takeaway
28401 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 28401, NC
How much do homes in 28401, NC cost?
Median Sold Price
$365,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,668(+7.9%)
Key Takeaway
Homes in 28401 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 28401 was $365,000 in November 2024, up 7.9% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $367.5K | $370.5K | +0.8% |
| 2 Bedrooms | $290K | $287K | -1.0% |
| 3 Bedrooms | $340K | $350K | +2.9% |
| 4 Bedrooms | $400K | $483.5K | +20.9% |
| 5+ Bedrooms | $625K | $701K | +12.2% |
Summary: 28401 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in 28401, NC
How many homes are available in 28401, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 216 | 212 | -1.9% |
Summary: The 28401 real estate market had 212 homes for sale in November 2024, a 1.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 24 | -4.0% |
| 2 Bedrooms | 48 | 46 | -4.2% |
| 3 Bedrooms | 90 | 90 | 0.0% |
| 4 Bedrooms | 33 | 31 | -6.1% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The 28401 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 35 | -10.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28401, you may be able to get a good deal. 65.7% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 28401 in November 2024, down by 10.3% month-over-month. Of the 35 sold homes, 66% were sold under asking, 20% were sold at asking, and 14% were sold over asking.
Days on Market for 28401, NC
How long does it take to sell a home in 28401, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 56 Days | +122.1% |
Summary: Homes in 28401 had an average of 56 days on market in Nov 2024, up by 122.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28401 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in 28401; 46% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
