$6,578 Closing Credit*
$553,900
2,227 SqFt
4 Beds
•3 Full Baths
#100476276, Listing Office: LGI Realty NC, LLC
Is 28422, 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, 28422 was a Seller's Market.
Key Takeaway
28422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28422, NC
How much do homes in 28422, NC cost?
Median Sold Price
$364,900
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,905(+4.3%)
Key Takeaway
Homes in 28422 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 28422 was $364,900 in October 2024, up 4.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39K | $88K | +125.6% |
| 2 Bedrooms | $235K | $229.9K | -2.2% |
| 3 Bedrooms | $355K | $372.4K | +4.9% |
| 4 Bedrooms | $359.7K | $390K | +8.4% |
| 5+ Bedrooms | $333.8K | $323K | -3.2% |
Summary: 28422 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.6%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 28422, NC
How many homes are available in 28422, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 253 | 234 | -7.5% |
Summary: The 28422 real estate market had 234 homes for sale in October 2024, a 7.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 147 | 125 | -15.0% |
| 4 Bedrooms | 87 | 88 | +1.1% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The 28422 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 33.3%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28422, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 28422 in October 2024, down by 5.9% month-over-month. Of the 32 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 28422, NC
How long does it take to sell a home in 28422, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 86 Days | +125.1% |
Summary: Homes in 28422 had an average of 86 days on market in Oct 2024, up by 125.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28422 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 32 homes were sold in 28422; 41% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
