Is 28562, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28562 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 28562 has remained a Seller's Market.

Key Takeaway

28562 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28562, NC

How much do homes in 28562, NC cost?

Median Sold Price

$345,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,213(+6.2%)

Key Takeaway

Homes in 28562 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 28562 was $345,000 in October 2024, up 6.2% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $180K$190K
+5.6%
3 $299.9K$316.8K
+5.6%
4 $367.5K$400K
+8.8%
5+ $450K$452.5K
+0.6%

Summary: 28562 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 5.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Zip Codes

28573
+14.3%
28560
+6.8%
28562
+6.2%

Housing Supply in 28562, NC

How many homes are available in 28562, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
275254-7.6%

Summary: The 28562 real estate market had 254 homes for sale in October 2024, a 7.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1413
-7.1%
3 163146
-10.4%
4 7880
+2.6%
5+ 2015
-25.0%

Summary: The 28562 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 decreased by 7.1%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6064+6.7%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28562, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in 28562 in October 2024, up by 6.7% month-over-month. Of the 64 sold homes, 42% were sold under asking, 39% were sold at asking, and 19% were sold over asking.

Days on Market for 28562, NC

How long does it take to sell a home in 28562, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days49 Days+64.3%

Summary: Homes in 28562 had an average of 49 days on market in Oct 2024, up by 64.3% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28562 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 64 homes were sold in 28562; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 23% 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 17 Days Ago

Newest Listings in 28562, NC

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