Is 28560, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28560 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28560 was a Neutral Market.

Key Takeaway

28560 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28560, NC

How much do homes in 28560, NC cost?

Median Sold Price

$299,272

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,272(+6.9%)

Key Takeaway

Homes in 28560 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 28560 was $299,272 in November 2024, up 6.9% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $252.5K$235K
-6.9%
2 $175K$192K
+9.7%
3 $268.1K$285.8K
+6.6%
4 $335K$362.5K
+8.2%
5+ $360K$459K
+27.5%

Summary: 28560 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 27.5%.

Median Sold Price Compared To Nearby Zip Codes

28560
+6.9%
28562
+6.2%

Housing Supply in 28560, NC

How many homes are available in 28560, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
258247-4.3%

Summary: The 28560 real estate market had 247 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 3127
-12.9%
3 153143
-6.5%
4 5965
+10.2%
5+ 107
-30.0%

Summary: The 28560 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 12.9%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5643-23.2%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28560, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in 28560 in November 2024, down by 23.2% month-over-month. Of the 43 sold homes, 58% were sold under asking, 28% were sold at asking, and 14% were sold over asking.

Days on Market for 28560, NC

How long does it take to sell a home in 28560, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days61 Days+62.8%

Summary: Homes in 28560 had an average of 61 days on market in Nov 2024, up by 62.8% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28560 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 43 homes were sold in 28560; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% 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 10 Days Ago

Newest Listings in 28560, NC

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