Is 28651, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28651 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28651 was a Seller's Market.

Key Takeaway

28651 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 28651, NC

How much do homes in 28651, NC cost?

Median Sold Price

$261,000

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,000(-3.0%)

Key Takeaway

Homes in 28651 have sold for 3% less than they did a year ago.

Summary: The median home sold price in 28651 was $261,000 in October 2024, down 3% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $317.5K$180K
-43.3%
2 $256.5K$184.9K
-27.9%
3 $317K$283.9K
-10.4%
4 $234.5K$1.0M
+358.4%
5+ --
N/A

Summary: 28651 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.3%, 2 bedroom homes decreased by 27.9%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 358.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28697
+0.8%
28651
-3.0%

Housing Supply in 28651, NC

How many homes are available in 28651, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1821+16.7%

Summary: The 28651 real estate market had 21 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 55
0.0%
3 911
+22.2%
4 22
0.0%
5+ 00
0.0%

Summary: The 28651 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28651, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 28651 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 28651, NC

How long does it take to sell a home in 28651, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
55 Days53 Days-3.0%

Summary: Homes in 28651 had an average of 53 days on market in Oct 2024, down by 3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28651 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 28651; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 28651, NC

Nearby Markets to 28651, NC