$9,203 Closing Credit*
$775,000
3,075 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Tree House Mountain Realty,Inc
Is 28705, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$242,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$56,350(-18.9%)
Key Takeaway
Homes in 28705 have sold for 18.9% less than they did a year ago.
Summary: The median home sold price in 28705 was $242,500 in October 2024, down 18.9% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $266.2K | N/A |
| 2 Bedrooms | $175K | $195K | +11.4% |
| 3 Bedrooms | $315K | $250K | -20.6% |
| 4 Bedrooms | $408K | $140K | -65.7% |
| 5+ Bedrooms | $369.2K | - | N/A |
Summary: 28705 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 increased by 11.4%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes decreased by 65.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Summary: The 28705 real estate market had 40 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 28705 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 6.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
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 October 2024, down by 33.3% 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 28705, NC
How long does it take to sell a home in 28705, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 46 Days | +18.5% |
Summary: Homes in 28705 had an average of 46 days on market in Oct 2024, up by 18.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 October 2024, 2 homes were sold in 28705; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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