Is 28586, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28586 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 28586 has remained a Seller's Market.

Key Takeaway

28586 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28586, NC

How much do homes in 28586, NC cost?

Median Sold Price

$238,950

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,950(+4.8%)

Key Takeaway

Homes in 28586 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 28586 was $238,950 in December 2024, up 4.8% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$90K
N/A
2 $90.7K$176.5K
+94.5%
3 $230K$244.7K
+6.4%
4 $281K$291.5K
+3.7%
5+ --
N/A

Summary: 28586 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 94.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

27817
+16.0%
28586
+4.8%

Housing Supply in 28586, NC

How many homes are available in 28586, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1819+5.6%

Summary: The 28586 real estate market had 19 homes for sale in December 2024, a 5.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1213
+8.3%
4 54
-20.0%
5+ 11
0.0%

Summary: The 28586 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28586, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 28586 in December 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 28586, NC

How long does it take to sell a home in 28586, NC?

Average Sale Time

Dec 2023Dec 2024CHANGE
21 Days105 Days+390.7%

Summary: Homes in 28586 had an average of 105 days on market in Dec 2024, up by 390.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28586 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 6 homes were sold in 28586; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% 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 6 Days Ago

Newest Listings in 28586, NC

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