Is 28625, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28625 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 28625 has remained a Seller's Market.

Key Takeaway

28625 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28625, NC

How much do homes in 28625, NC cost?

Median Sold Price

$299,856

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,856(+3.4%)

Key Takeaway

Homes in 28625 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 28625 was $299,856 in October 2024, up 3.4% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K$132.5K
-5.4%
2 $173.2K$238K
+37.4%
3 $280K$295K
+5.4%
4 $339.9K$374.9K
+10.3%
5+ $338K$334.9K
-0.9%

Summary: 28625 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 37.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Zip Codes

28660
+31.0%
28678
+9.6%
28634
+7.7%
28625
+3.4%

Housing Supply in 28625, NC

How many homes are available in 28625, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
225233+3.6%

Summary: The 28625 real estate market had 233 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 1414
0.0%
3 172175
+1.7%
4 2726
-3.7%
5+ 1014
+40.0%

Summary: The 28625 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3741+10.8%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28625, you may be able to get a good deal. 56.1% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 28625 in October 2024, up by 10.8% month-over-month. Of the 41 sold homes, 56% were sold under asking, 32% were sold at asking, and 12% were sold over asking.

Days on Market for 28625, NC

How long does it take to sell a home in 28625, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days45 Days+125.5%

Summary: Homes in 28625 had an average of 45 days on market in Oct 2024, up by 125.5% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28625 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 41 homes were sold in 28625; 49% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 10% 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 14 Days Ago

Newest Listings in 28625, NC

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