$2,494 Closing Credit*
$210,000
1,196 SqFt
3 Beds
•1 Full Bath
Mikayla Carrico, Listing Office: The Realty Group Lynchburg LLC
Is 28621, 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, 28621 has remained a Seller's Market.
Key Takeaway
28621 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28621, NC
How much do homes in 28621, NC cost?
Median Sold Price
$235,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,550(+7.1%)
Key Takeaway
Homes in 28621 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 28621 was $235,000 in October 2024, up 7.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $160.5K | $174.5K | +8.7% |
| 3 Bedrooms | $244K | $260K | +6.6% |
| 4 Bedrooms | $290.7K | $459.5K | +58.0% |
| 5+ Bedrooms | $355K | $390K | +9.9% |
Summary: 28621 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 58%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in 28621, NC
How many homes are available in 28621, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Summary: The 28621 real estate market had 45 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 28621 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 25%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28621, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 28621 in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 28621, NC
How long does it take to sell a home in 28621, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +50.7% |
Summary: Homes in 28621 had an average of 30 days on market in Oct 2024, up by 50.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28621 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 28621; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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