$23,000
0.93 Acres
Land
#100476244, Listing Office: Riggs Realty Group
Is 28501, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 28501 was a Neutral Market.
Key Takeaway
28501 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28501, NC
How much do homes in 28501, NC cost?
Median Sold Price
$113,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,450(-4.6%)
Key Takeaway
Homes in 28501 have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in 28501 was $113,000 in October 2024, down 4.6% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $20.5K | N/A |
| 2 Bedrooms | $100K | $65.7K | -34.3% |
| 3 Bedrooms | $117.7K | $129.5K | +10.0% |
| 4 Bedrooms | $140.1K | $191.5K | +36.7% |
| 5+ Bedrooms | $202.5K | $312K | +54.1% |
Summary: 28501 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 54.1%.
Housing Supply in 28501, NC
How many homes are available in 28501, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 69 | -6.8% |
Summary: The 28501 real estate market had 69 homes for sale in October 2024, a 6.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 43 | 39 | -9.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 28501 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28501, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 28501 in October 2024, down by 46.7% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 55 Days | -0.2% |
Summary: Homes in 28501 had an average of 55 days on market in Oct 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 28501 has remained consistent over time.
Summary: During October 2024, 8 homes were sold in 28501; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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