Is 28525, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28525 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 28525 has remained a Seller's Market.

Key Takeaway

28525 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28525, NC

How much do homes in 28525, NC cost?

Median Sold Price

$239,987

$162/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$2,487(+1.0%)

Key Takeaway

Homes in 28525 have sold for 1% more than they did a month ago.

Summary: The median home sold price in 28525 was $239,987 in November 2024, up 1% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $237.5K$237.5K
0.0%
4 -$239.9K
N/A
5+ -$344.9K
N/A

Summary: 28525 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28525
+1.0%
28572
-10.8%

Housing Supply in 28525, NC

How many homes are available in 28525, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The 28525 real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 64
-33.3%
4 35
+66.7%
5+ 11
0.0%

Summary: The 28525 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28525, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in 28525 in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 28525, NC

How long does it take to sell a home in 28525, NC?

Average Sale Time

Oct 2024Nov 2024CHANGE
77 Days118 Days+52.1%

Summary: Homes in 28525 had an average of 118 days on market in Nov 2024, up by 52.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28525 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in 28525; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 83% 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 21 Days Ago

Newest Listings in 28525, NC

Nearby Markets to 28525, NC