Is 28451, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28451 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28451 was a Seller's Market.

Key Takeaway

28451 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 28451, NC

How much do homes in 28451, NC cost?

Median Sold Price

$409,024

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,912(+6.5%)

Key Takeaway

Homes in 28451 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 28451 was $409,024 in November 2024, up 6.5% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $305K$254.9K
-16.4%
3 $351.6K$375.2K
+6.7%
4 $430K$476.5K
+10.8%
5+ $499.5K$527.5K
+5.6%

Summary: 28451 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 decreased by 16.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

28401
+7.9%
28451
+6.5%
28479
-1.8%

Housing Supply in 28451, NC

How many homes are available in 28451, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
389368-5.4%

Summary: The 28451 real estate market had 368 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2122
+4.8%
3 203190
-6.4%
4 144136
-5.6%
5+ 2120
-4.8%

Summary: The 28451 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 increased by 4.8%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 4.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6761-9.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28451, you may be able to get a good deal. 62.3% of homes here sold below asking price last month.

Summary: A total of 61 homes were sold or pending in 28451 in November 2024, down by 9.0% month-over-month. Of the 61 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.

Days on Market for 28451, NC

How long does it take to sell a home in 28451, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days62 Days+16.4%

Summary: Homes in 28451 had an average of 62 days on market in Nov 2024, up by 16.4% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28451 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 61 homes were sold in 28451; 51% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 28% 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 28451, NC

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