$2,553 Closing Credit*
$215,000
1,248 SqFt
3 Beds
•2 Full Baths
#100478471, Listing Office: Brown Properties of NC, Inc
Is 28540, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 28540 has remained a Seller's Market.
Key Takeaway
28540 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28540, NC
How much do homes in 28540, NC cost?
Median Sold Price
$250,385
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,423(+4.3%)
Key Takeaway
Homes in 28540 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 28540 was $250,385 in November 2024, up 4.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $157.9K | +8.9% |
| 3 Bedrooms | $230K | $239.5K | +4.1% |
| 4 Bedrooms | $302K | $339K | +12.3% |
| 5+ Bedrooms | $415K | $420K | +1.2% |
Summary: 28540 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 increased by 8.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 28540, NC
How many homes are available in 28540, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 282 | 250 | -11.3% |
Summary: The 28540 real estate market had 250 homes for sale in November 2024, a 11.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 186 | 164 | -11.8% |
| 4 Bedrooms | 77 | 66 | -14.3% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The 28540 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 30%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 62 | -3.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28540, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in 28540 in November 2024, down by 3.1% month-over-month. Of the 62 sold homes, 45% were sold under asking, 37% were sold at asking, and 18% were sold over asking.
Days on Market for 28540, NC
How long does it take to sell a home in 28540, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 39 Days | +89.0% |
Summary: Homes in 28540 had an average of 39 days on market in Nov 2024, up by 89% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28540 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 62 homes were sold in 28540; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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