$10,000 Closing Credit*
$950,000
3,850 SqFt
5 Beds
•4 Full Baths
#100476306, Listing Office: Fonville Morisey & Barefoot
Is 28409, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 28409 has remained a Seller's Market.
Key Takeaway
28409 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28409, NC
How much do homes in 28409, NC cost?
Median Sold Price
$524,897
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,897(+8.2%)
Key Takeaway
Homes in 28409 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 28409 was $524,897 in October 2024, up 8.2% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $385K | N/A |
| 2 Bedrooms | $290K | $283.5K | -2.2% |
| 3 Bedrooms | $419.9K | $447.4K | +6.5% |
| 4 Bedrooms | $559.1K | $625K | +11.8% |
| 5+ Bedrooms | $633.6K | $825K | +30.2% |
Summary: 28409 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 2.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 30.2%.
Housing Supply in 28409, NC
How many homes are available in 28409, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 204 | 191 | -6.4% |
Summary: The 28409 real estate market had 191 homes for sale in October 2024, a 6.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 84 | 78 | -7.1% |
| 4 Bedrooms | 96 | 92 | -4.2% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The 28409 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 51 | +10.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28409, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in 28409 in October 2024, up by 10.9% month-over-month. Of the 51 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for 28409, NC
How long does it take to sell a home in 28409, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 45 Days | +97.6% |
Summary: Homes in 28409 had an average of 45 days on market in Oct 2024, up by 97.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28409 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 51 homes were sold in 28409; 51% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
