Is 28431, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28431 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28431 was a Seller's Market.

Key Takeaway

28431 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28431, NC

How much do homes in 28431, NC cost?

Median Sold Price

$154,250

$103/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,750(+3.2%)

Key Takeaway

Homes in 28431 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 28431 was $154,250 in October 2024, up 3.2% from last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $98.7K-
N/A
3 $165K$147.5K
-10.6%
4 $164K$219K
+33.5%
5+ $185.5K$220K
+18.6%

Summary: 28431 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 did not change, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes increased by 18.6%.

Median Sold Price Compared To Nearby Zip Codes

28431
+3.2%
28472
-7.0%

Housing Supply in 28431, NC

How many homes are available in 28431, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1516+6.7%

Summary: The 28431 real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1110
-9.1%
4 02
+100.0%
5+ 11
0.0%

Summary: The 28431 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28431, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 28431 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 28431, NC

How long does it take to sell a home in 28431, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days217 Days+657.0%

Summary: Homes in 28431 had an average of 217 days on market in Oct 2024, up by 657% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28431 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 28431; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in 28431, NC

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