Is 28659, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28659 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 28659 has remained a Seller's Market.

Key Takeaway

28659 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28659, NC

How much do homes in 28659, NC cost?

Median Sold Price

$228,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,000(+9.1%)

Key Takeaway

Homes in 28659 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 28659 was $228,000 in October 2024, up 9.1% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$154K
+40.0%
2 $165K$170K
+3.0%
3 $224.9K$228K
+1.4%
4 $285K$305K
+7.0%
5+ $425K$348K
-18.1%

Summary: 28659 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 18.1%.

Median Sold Price Compared To Nearby Zip Codes

28659
+9.1%
28697
+0.8%

Housing Supply in 28659, NC

How many homes are available in 28659, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6757-14.9%

Summary: The 28659 real estate market had 57 homes for sale in October 2024, a 14.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1512
-20.0%
3 3935
-10.3%
4 129
-25.0%
5+ 11
0.0%

Summary: The 28659 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 decreased by 20%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1810-44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28659, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in 28659 in October 2024, down by 44.4% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.

Days on Market for 28659, NC

How long does it take to sell a home in 28659, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days36 Days+35.4%

Summary: Homes in 28659 had an average of 36 days on market in Oct 2024, up by 35.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28659 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 28659; 60% of homes were sold within 30 days, 30% 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 28659, NC

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