$69,000
0.24 Acres
Land
#100479802, Listing Office: Fathom Realty NC, LLC Cary
Is 28420, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 28420 has remained a Buyer's Market.
Key Takeaway
28420 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28420, NC
How much do homes in 28420, NC cost?
Median Sold Price
$370,800
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$44,200(-10.7%)
Key Takeaway
Homes in 28420 have sold for 10.7% less than they did a year ago.
Summary: The median home sold price in 28420 was $370,800 in November 2024, down 10.7% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $271K | N/A |
| 2 Bedrooms | - | $205K | N/A |
| 3 Bedrooms | $415K | $363.8K | -12.3% |
| 4 Bedrooms | $550.5K | $430.7K | -21.8% |
| 5+ Bedrooms | $409.8K | $436.4K | +6.5% |
Summary: 28420 housing prices by bedroom type for November 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 decreased by 12.3%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in 28420, NC
How many homes are available in 28420, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The 28420 real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 28420 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 1 | -88.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28420, 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 28420 in November 2024, down by 88.9% month-over-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 28420, NC
How long does it take to sell a home in 28420, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 125 Days | 3 Days | -97.6% |
Summary: Homes in 28420 had an average of 3 days on market in Nov 2024, down by 97.6% compared to last year.
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
Key Takeaway
Many homes in 28420 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 28420; 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.
