Is 28634, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28634 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28634 was a Seller's Market.

Key Takeaway

28634 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28634, NC

How much do homes in 28634, NC cost?

Median Sold Price

$280,000

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+7.7%)

Key Takeaway

Homes in 28634 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 28634 was $280,000 in October 2024, up 7.7% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $424.4K$143K
-66.3%
3 $257.5K$273K
+6.0%
4 $249.4K$334K
+33.9%
5+ $310K-
N/A

Summary: 28634 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 decreased by 66.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 33.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 28634, NC

How many homes are available in 28634, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3430-11.8%

Summary: The 28634 real estate market had 30 homes for sale in October 2024, a 11.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2724
-11.1%
4 54
-20.0%
5+ 00
0.0%

Summary: The 28634 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 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 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 28634, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 28634 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 28634, NC

How long does it take to sell a home in 28634, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days69 Days+193.6%

Summary: Homes in 28634 had an average of 69 days on market in Oct 2024, up by 193.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28634 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 28634; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 28634, NC

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