Is 28584, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28584 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28584 was a Seller's Market.

Key Takeaway

28584 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 28584, NC

How much do homes in 28584, NC cost?

Median Sold Price

$400,666

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,439(+2.7%)

Key Takeaway

Homes in 28584 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 28584 was $400,666 in October 2024, up 2.7% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $232.5K$260K
+11.8%
2 $231.9K$282K
+21.6%
3 $363K$375K
+3.3%
4 $471K$501.5K
+6.5%
5+ $462.5K$485K
+4.9%

Summary: 28584 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Zip Codes

28594
+8.2%
28539
+4.6%
28584
+2.7%
28555
-3.6%

Housing Supply in 28584, NC

How many homes are available in 28584, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
117114-2.6%

Summary: The 28584 real estate market had 114 homes for sale in October 2024, a 2.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 2220
-9.1%
3 5456
+3.7%
4 3025
-16.7%
5+ 79
+28.6%

Summary: The 28584 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 9.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2418-25.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28584, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 28584 in October 2024, down by 25.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 39% were sold at asking, and 17% were sold over asking.

Days on Market for 28584, NC

How long does it take to sell a home in 28584, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
57 Days37 Days-35.7%

Summary: Homes in 28584 had an average of 37 days on market in Oct 2024, down by 35.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28584 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 28584; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% 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 4 Days Ago

Newest Listings in 28584, NC

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