Is 28594, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28594 is a buyer's market

Buyer's
Market

Difference Since November 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

$775,000

$493/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+3.3%)

Key Takeaway

Homes in 28594 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 28594 was $775,000 in November 2024, up 3.3% from last year, and the median price per square foot was $493.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $305.3K$307.5K
+0.7%
2 $515K$575K
+11.7%
3 $721K$675K
-6.4%
4 $949K$1.1M
+21.7%
5+ $1.8M$1.5M
-16.2%

Summary: 28594 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 16.2%.

Median Sold Price Compared To Nearby Zip Codes

28570
+17.7%
28539
+4.2%
28594
+3.3%
28512
+3.2%
28584
+1.6%

Housing Supply in 28594, NC

How many homes are available in 28594, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1051050.0%

Summary: The 28594 real estate market had 105 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 1716
-5.9%
3 5251
-1.9%
4 2219
-13.6%
5+ 1115
+36.4%

Summary: The 28594 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

11 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 28594, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 28594 in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
31 Days94 Days+195.4%

Summary: Homes in 28594 had an average of 94 days on market in Nov 2024, up by 195.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28594 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in 28594; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% 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

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Newest Listings in 28594, NC

Nearby Markets to 28594, NC

MLS Disclaimers and Copyright

Based on information from Hive MLS, Triad MLS Inc, and Doorify MLS for the period 12/01/2022 - 12/01/2024

IDX Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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