$297 Closing Credit*
$25,000
1,038 SqFt
2 Beds
•1 Full Bath
#100480700, Listing Office: Nathan Perry Realty LLC
Is 28501, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 28501 was a Seller's Market.
Key Takeaway
28501 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 28501, NC
How much do homes in 28501, NC cost?
Median Sold Price
$129,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+18.3%)
Key Takeaway
Homes in 28501 have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in 28501 was $129,000 in November 2024, up 18.3% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $20.5K | N/A |
| 2 Bedrooms | $77K | $68.7K | -10.7% |
| 3 Bedrooms | $102K | $139.9K | +37.2% |
| 4 Bedrooms | $137.5K | $223.8K | +62.7% |
| 5+ Bedrooms | $202.5K | $309K | +52.6% |
Summary: 28501 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 10.7%, 3 bedroom homes increased by 37.2%, 4 bedroom homes increased by 62.7%, and 5+ bedroom homes increased by 52.6%.
Housing Supply in 28501, NC
How many homes are available in 28501, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 61 | -10.3% |
Summary: The 28501 real estate market had 61 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 38 | 34 | -10.5% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 28501 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 7.1%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28501, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 28501 in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for 28501, NC
How long does it take to sell a home in 28501, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 123 Days | 43 Days | -64.3% |
Summary: Homes in 28501 had an average of 43 days on market in Nov 2024, down by 64.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28501 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 28501; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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