$2,316 Closing Credit*
$195,000
950 SqFt
2 Beds
•1 Full Bath
Listing Office: Teresa B Brown
Is 28705, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 28705 was a Seller's Market.
Key Takeaway
28705 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28705, NC
How much do homes in 28705, NC cost?
Median Sold Price
$250,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$40,000(-13.8%)
Key Takeaway
Homes in 28705 have sold for 13.8% less than they did a year ago.
Summary: The median home sold price in 28705 was $250,000 in November 2024, down 13.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $242.5K | -16.4% |
| 2 Bedrooms | $172K | $195K | +13.4% |
| 3 Bedrooms | $302.5K | $260K | -14.0% |
| 4 Bedrooms | $408K | $142K | -65.2% |
| 5+ Bedrooms | $369.2K | - | N/A |
Summary: 28705 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 13.4%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 65.2%, and 5+ bedroom homes did not change.
Housing Supply in 28705, NC
How many homes are available in 28705, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The 28705 real estate market had 34 homes for sale in November 2024, a 3.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 28705 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28705, 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 28705 in November 2024, the same as the previous 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 28705, NC
How long does it take to sell a home in 28705, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 20 Days | -57.7% |
Summary: Homes in 28705 had an average of 20 days on market in Nov 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28705 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 28705; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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