Is 28627, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28627 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 28627 has remained a Seller's Market.

Key Takeaway

28627 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28627, NC

How much do homes in 28627, NC cost?

Median Sold Price

$469,000

$227/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$716,000(-60.4%)

Key Takeaway

Homes in 28627 have sold for 60.4% less than they did a month ago.

Summary: The median home sold price in 28627 was $469,000 in October 2024, down 60.4% from last month, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$350K
N/A
3 $1.1M$469K
-60.4%
4 --
N/A
5+ --
N/A

Summary: 28627 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 did not change, 3 bedroom homes decreased by 60.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28675
+86.4%
28685
-4.7%
28627
-60.4%

Housing Supply in 28627, NC

How many homes are available in 28627, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97-22.2%

Summary: The 28627 real estate market had 7 homes for sale in October 2024, a 22.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 53
-40.0%
4 22
0.0%
5+ 00
0.0%

Summary: The 28627 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 remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28627, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 28627 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 28627, NC

How long does it take to sell a home in 28627, NC?

Average Sale Time

Sep 2024Oct 2024CHANGE
34 Days92 Days+171.6%

Summary: Homes in 28627 had an average of 92 days on market in Oct 2024, up by 171.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28627 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 28627; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 17 Days Ago

Newest Listings in 28627, NC

Nearby Markets to 28627, NC