$40,000
2.09 Acres
Land
#100475086, Listing Office: Carolina Home Girl Realty
Is 28518, 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, 28518 was a Buyer's Market.
Key Takeaway
28518 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28518, NC
How much do homes in 28518, NC cost?
Median Sold Price
$255,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,550(+6.5%)
Key Takeaway
Homes in 28518 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 28518 was $255,000 in October 2024, up 6.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155.5K | $200K | +28.6% |
| 3 Bedrooms | $238.7K | $254.5K | +6.6% |
| 4 Bedrooms | $358.7K | $375.5K | +4.7% |
| 5+ Bedrooms | - | $239.9K | N/A |
Summary: 28518 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 increased by 28.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 28574 | $245K | $267.1K | +9.1% |
| 28518 | $239.4K | $255K | +6.5% |
Housing Supply in 28518, NC
How many homes are available in 28518, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The 28518 real estate market had 19 homes for sale in October 2024, a 11.8% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 28518 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28518, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 28518 in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for 28518, NC
How long does it take to sell a home in 28518, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 39 Days | -45.1% |
Summary: Homes in 28518 had an average of 39 days on market in Oct 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28518 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 28518; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
