Is 28574, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28574 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 28574 has remained a Seller's Market.

Key Takeaway

28574 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28574, NC

How much do homes in 28574, NC cost?

Median Sold Price

$269,900

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,000(+8.9%)

Key Takeaway

Homes in 28574 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 28574 was $269,900 in November 2024, up 8.9% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$42K
N/A
2 $160.5K$157.9K
-1.6%
3 $245K$262.5K
+7.2%
4 $294.5K$321.9K
+9.3%
5+ $325K$387.4K
+19.2%

Summary: 28574 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 decreased by 1.6%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Zip Codes

28574
+8.9%
28518
+6.3%
28540
+4.3%
28546
+2.4%

Housing Supply in 28574, NC

How many homes are available in 28574, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
161141-12.4%

Summary: The 28574 real estate market had 141 homes for sale in November 2024, a 12.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 116106
-8.6%
4 2621
-19.2%
5+ 1411
-21.4%

Summary: The 28574 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 40%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4325-41.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28574, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in 28574 in November 2024, down by 41.9% month-over-month. Of the 25 sold homes, 36% were sold under asking, 40% were sold at asking, and 24% were sold over asking.

Days on Market for 28574, NC

How long does it take to sell a home in 28574, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days85 Days+125.7%

Summary: Homes in 28574 had an average of 85 days on market in Nov 2024, up by 125.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28574 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in 28574; 56% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 24% 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 28574, NC

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