$32,000
0.62 Acres
Land
Selina Carolyn Townsend, Elizabeth Wiggins, Listing Office: Century 21 Folks Properties
Is 28551, 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, 28551 was a Neutral Market.
Key Takeaway
28551 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28551, NC
How much do homes in 28551, NC cost?
Median Sold Price
$265,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,715(+6.7%)
Key Takeaway
Homes in 28551 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 28551 was $265,000 in October 2024, up 6.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $120K | $90K | -25.0% |
| 3 Bedrooms | $217.7K | $260K | +19.4% |
| 4 Bedrooms | $326.9K | $335.8K | +2.7% |
| 5+ Bedrooms | $365K | $396.7K | +8.7% |
Summary: 28551 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 25%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in 28551, NC
How many homes are available in 28551, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The 28551 real estate market had 39 homes for sale in October 2024, a 2.6% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 28551 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 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28551, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 28551 in October 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 28551, NC
How long does it take to sell a home in 28551, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 97 Days | +117.6% |
Summary: Homes in 28551 had an average of 97 days on market in Oct 2024, up by 117.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28551 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 28551; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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