Is 28428, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28428 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 28428 has remained a Buyer's Market.

Key Takeaway

28428 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28428, NC

How much do homes in 28428, NC cost?

Median Sold Price

$621,062

$462/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,562(+4.8%)

Key Takeaway

Homes in 28428 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 28428 was $621,062 in November 2024, up 4.8% from last year, and the median price per square foot was $462.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $371.2K$345K
-7.1%
2 $460K$493K
+7.2%
3 $678K$682.5K
+0.7%
4 $800K$811K
+1.4%
5+ $1.1M$1.0M
-13.0%

Summary: 28428 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 13%.

Median Sold Price Compared To Nearby Zip Codes

28449
+22.6%
28409
+8.4%
28428
+4.8%
28479
-1.8%
28412
-3.3%

Housing Supply in 28428, NC

How many homes are available in 28428, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
200211+5.5%

Summary: The 28428 real estate market had 211 homes for sale in November 2024, a 5.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2327
+17.4%
2 3945
+15.4%
3 7168
-4.2%
4 4449
+11.4%
5+ 2322
-4.3%

Summary: The 28428 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2811-60.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28428, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 28428 in November 2024, down by 60.7% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.

Days on Market for 28428, NC

How long does it take to sell a home in 28428, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days116 Days+150.1%

Summary: Homes in 28428 had an average of 116 days on market in Nov 2024, up by 150.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28428 has remained consistent over time.

Summary: During November 2024, 11 homes were sold in 28428; 9% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 36% 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 28428, NC

Nearby Markets to 28428, NC