$3,500,000
4,718 SqFt
8 Beds
•6 Full Baths, 1 Partial
Beth Smith, Listing Office: KELLER WILLIAMS REALTY
Is 28594, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 28594 was a Seller's Market.
Key Takeaway
28594 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28594, NC
How much do homes in 28594, NC cost?
Median Sold Price
$783,000
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,500(+8.2%)
Key Takeaway
Homes in 28594 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 28594 was $783,000 in October 2024, up 8.2% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $306.6K | $307.5K | 0.3% |
| 2 Bedrooms | $519K | $575K | +10.8% |
| 3 Bedrooms | $695.9K | $685K | -1.6% |
| 4 Bedrooms | $949K | $1.1M | +18.8% |
| 5+ Bedrooms | $1.7M | $1.5M | -9.5% |
Summary: 28594 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in 28594, NC
How many homes are available in 28594, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 106 | +9.3% |
Summary: The 28594 real estate market had 106 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 45 | 53 | +17.8% |
| 4 Bedrooms | 27 | 21 | -22.2% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 28594 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28594, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 28594 in October 2024, up by 25.0% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for 28594, NC
How long does it take to sell a home in 28594, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 70 Days | +111.1% |
Summary: Homes in 28594 had an average of 70 days on market in Oct 2024, up by 111.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28594 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 28594; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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