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 October 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

$267,173

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,173(+9.1%)

Key Takeaway

Homes in 28574 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 28574 was $267,173 in October 2024, up 9.1% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$42K
N/A
2 $157K$161.4K
+2.8%
3 $242.9K$261.3K
+7.6%
4 $294.9K$320K
+8.5%
5+ $325K$385.3K
+18.6%

Summary: 28574 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 2.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 18.6%.

Median Sold Price Compared To Nearby Zip Codes

28574
+9.1%
28518
+6.5%
28540
+5.6%
28546
+3.3%

Housing Supply in 28574, NC

How many homes are available in 28574, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
170160-5.9%

Summary: The 28574 real estate market had 160 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 115111
-3.5%
4 3229
-9.4%
5+ 1714
-17.6%

Summary: The 28574 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 remained the same, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 17.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3941+5.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28574, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 28574 in October 2024, up by 5.1% month-over-month. Of the 41 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% 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

Oct 2023Oct 2024CHANGE
22 Days34 Days+54.7%

Summary: Homes in 28574 had an average of 34 days on market in Oct 2024, up by 54.7% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 41 homes were sold in 28574; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% 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 14 Days Ago

Newest Listings in 28574, NC

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