Is 28462, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28462 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28462 was a Seller's Market.

Key Takeaway

28462 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28462, NC

How much do homes in 28462, NC cost?

Median Sold Price

$515,633

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,083(+6.4%)

Key Takeaway

Homes in 28462 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 28462 was $515,633 in October 2024, up 6.4% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $315K$204K
-35.2%
2 $385K$250K
-35.1%
3 $399K$416.5K
+4.4%
4 $657.5K$854K
+29.9%
5+ $1.6M$1.6M
+3.6%

Summary: 28462 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes decreased by 35.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

28465
+13.0%
28462
+6.4%
28422
+4.3%
28470
-3.0%

Housing Supply in 28462, NC

How many homes are available in 28462, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
156165+5.8%

Summary: The 28462 real estate market had 165 homes for sale in October 2024, a 5.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1011
+10.0%
3 8489
+6.0%
4 4952
+6.1%
5+ 1213
+8.3%

Summary: The 28462 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2322-4.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28462, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 28462 in October 2024, down by 4.3% month-over-month. Of the 22 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.

Days on Market for 28462, NC

How long does it take to sell a home in 28462, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
57 Days70 Days+22.2%

Summary: Homes in 28462 had an average of 70 days on market in Oct 2024, up by 22.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28462 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in 28462; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% 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 16 Days Ago

Newest Listings in 28462, NC

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