Is 28470, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28470 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28470 was a Buyer's Market.

Key Takeaway

28470 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28470, NC

How much do homes in 28470, NC cost?

Median Sold Price

$324,900

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,160(-3.0%)

Key Takeaway

Homes in 28470 have sold for 3% less than they did a year ago.

Summary: The median home sold price in 28470 was $324,900 in November 2024, down 3% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $212K$165K
-22.2%
2 $277K$245K
-11.6%
3 $330.9K$334.8K
+1.2%
4 $340K$400K
+17.6%
5+ $351.5K$323K
-8.1%

Summary: 28470 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

28462
+15.0%
28469
+7.2%
28470
-3.0%
28420
-10.7%

Housing Supply in 28470, NC

How many homes are available in 28470, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8784-3.4%

Summary: The 28470 real estate market had 84 homes for sale in November 2024, a 3.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 108
-20.0%
3 5354
+1.9%
4 1818
0.0%
5+ 43
-25.0%

Summary: The 28470 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 1.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1017+70.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28470, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 28470 in November 2024, up by 70.0% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.

Days on Market for 28470, NC

How long does it take to sell a home in 28470, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
57 Days64 Days+13.7%

Summary: Homes in 28470 had an average of 64 days on market in Nov 2024, up by 13.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were 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

Many homes in 28470 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in 28470; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% 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 28470, NC

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