$4,744 Closing Credit*
$399,500
1,550 SqFt
3 Beds
•2 Full Baths
Listing Office: Lake Hickory Realty, LLC
Is 28601, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 28601 has remained a Seller's Market.
Key Takeaway
28601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28601, NC
How much do homes in 28601, NC cost?
Median Sold Price
$319,900
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,312(+10.5%)
Key Takeaway
Homes in 28601 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 28601 was $319,900 in October 2024, up 10.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $144.5K | -31.2% |
| 2 Bedrooms | $185K | $185K | 0.0% |
| 3 Bedrooms | $275K | $291.2K | +5.9% |
| 4 Bedrooms | $440K | $460K | +4.5% |
| 5+ Bedrooms | $555K | $632.5K | +14.0% |
Summary: 28601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 14%.
Housing Supply in 28601, NC
How many homes are available in 28601, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 242 | 261 | +7.9% |
Summary: The 28601 real estate market had 261 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 47 | 50 | +6.4% |
| 3 Bedrooms | 120 | 126 | +5.0% |
| 4 Bedrooms | 48 | 56 | +16.7% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The 28601 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 increased by 6.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 54 | +31.7% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28601, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in 28601 in October 2024, up by 31.7% month-over-month. Of the 54 sold homes, 57% were sold under asking, 17% were sold at asking, and 26% were sold over asking.
Days on Market for 28601, NC
How long does it take to sell a home in 28601, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 39 Days | +43.2% |
Summary: Homes in 28601 had an average of 39 days on market in Oct 2024, up by 43.2% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28601 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 54 homes were sold in 28601; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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