Is 28675, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28675 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 28675 was a Buyer's Market.

Key Takeaway

28675 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28675, NC

How much do homes in 28675, NC cost?

Median Sold Price

$425,000

$207/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$197,050(+86.4%)

Key Takeaway

Homes in 28675 have sold for 86.4% more than they did a month ago.

Summary: The median home sold price in 28675 was $425,000 in October 2024, up 86.4% from last month, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $227.9K-
N/A
3 -$425K
N/A
4 --
N/A
5+ --
N/A

Summary: 28675 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 did not change, 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 28675, NC

How many homes are available in 28675, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2019-5.0%

Summary: The 28675 real estate market had 19 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 1314
+7.7%
4 00
0.0%
5+ 22
0.0%

Summary: The 28675 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 40%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28675, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 28675 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 28675, NC

How long does it take to sell a home in 28675, NC?

Average Sale Time

Sep 2024Oct 2024CHANGE
16 Days117 Days+632.8%

Summary: Homes in 28675 had an average of 117 days on market in Oct 2024, up by 632.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28675 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in 28675; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 4 Days Ago

Newest Listings in 28675, NC

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