Is 28611, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28611 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 28611 was a Buyer's Market.

Key Takeaway

28611 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 28611, NC

How much do homes in 28611, NC cost?

Median Sold Price

$535,000

$287/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$235,000(+78.3%)

Key Takeaway

Homes in 28611 have sold for 78.3% more than they did a month ago.

Summary: The median home sold price in 28611 was $535,000 in October 2024, up 78.3% from last month, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $300K$535K
+78.3%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: 28611 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28611
+78.3%
28657
-21.9%

Housing Supply in 28611, NC

How many homes are available in 28611, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
87-12.5%

Summary: The 28611 real estate market had 7 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 11
0.0%
4 00
0.0%
5+ 22
0.0%

Summary: The 28611 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 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28611, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 28611 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 28611, NC

How long does it take to sell a home in 28611, NC?

Average Sale Time

Sep 2024Oct 2024CHANGE
64 Days13 Days-79.7%

Summary: Homes in 28611 had an average of 13 days on market in Oct 2024, down by 79.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28611 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 28611; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in 28611, NC

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