Is 28465, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28465 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28465 was a Seller's Market.

Key Takeaway

28465 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28465, NC

How much do homes in 28465, NC cost?

Median Sold Price

$656,711

$432/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$77,836(+13.4%)

Key Takeaway

Homes in 28465 have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in 28465 was $656,711 in November 2024, up 13.4% from last year, and the median price per square foot was $432.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $436.4K-
N/A
2 $399.9K$413K
+3.3%
3 $575K$632.5K
+10.0%
4 $788K$830K
+5.3%
5+ $1.2M$1.2M
-2.3%

Summary: 28465 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 increased by 3.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 28465, NC

How many homes are available in 28465, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
285281-1.4%

Summary: The 28465 real estate market had 281 homes for sale in November 2024, a 1.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3028
-6.7%
3 155152
-1.9%
4 6866
-2.9%
5+ 3235
+9.4%

Summary: The 28465 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 decreased by 6.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 9.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5231-40.4%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28465, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 28465 in November 2024, down by 40.4% month-over-month. Of the 31 sold homes, 74% were sold under asking, 19% were sold at asking, and 6% were sold over asking.

Days on Market for 28465, NC

How long does it take to sell a home in 28465, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days98 Days+113.2%

Summary: Homes in 28465 had an average of 98 days on market in Nov 2024, up by 113.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28465 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 31 homes were sold in 28465; 32% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 45% 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 28465, NC

Nearby Markets to 28465, NC