Is 28422, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28422 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28422 was a Neutral Market.

Key Takeaway

28422 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28422, NC

How much do homes in 28422, NC cost?

Median Sold Price

$346,266

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$6,882(-1.9%)

Key Takeaway

Homes in 28422 have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in 28422 was $346,266 in November 2024, down 1.9% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $39K$88K
+125.6%
2 $235K$229.9K
-2.1%
3 $367.4K$364.9K
-0.7%
4 $358.6K$380.5K
+6.1%
5+ $349.9K$318.9K
-8.8%

Summary: 28422 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.6%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

28462
+15.0%
28465
+13.4%
28461
+8.0%
28479
-1.8%
28422
-1.9%

Housing Supply in 28422, NC

How many homes are available in 28422, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
246236-4.1%

Summary: The 28422 real estate market had 236 homes for sale in November 2024, a 4.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 109
-10.0%
3 134124
-7.5%
4 8989
0.0%
5+ 1214
+16.7%

Summary: The 28422 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3141+32.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28422, expect to pay close to the asking price. 53.7% of homes here sold near the asking price last month.

Summary: A total of 41 homes were sold or pending in 28422 in November 2024, up by 32.3% month-over-month. Of the 41 sold homes, 34% were sold under asking, 54% were sold at asking, and 12% 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

Nov 2023Nov 2024CHANGE
81 Days66 Days-18.3%

Summary: Homes in 28422 had an average of 66 days on market in Nov 2024, down by 18.3% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28422 has remained consistent over time.

Summary: During November 2024, 41 homes were sold in 28422; 34% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 28422, NC

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