Is 28709, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28709 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 28709 has remained a Seller's Market.

Key Takeaway

28709 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28709, NC

How much do homes in 28709, NC cost?

Median Sold Price

$387,500

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$152,500(-28.2%)

Key Takeaway

Homes in 28709 have sold for 28.2% less than they did a year ago.

Summary: The median home sold price in 28709 was $387,500 in October 2024, down 28.2% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $380K$322K
-15.3%
3 $546K$405K
-25.8%
4 $925K-
N/A
5+ $775K-
N/A

Summary: 28709 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 decreased by 15.3%, 3 bedroom homes decreased by 25.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28714
+11.2%
28778
+10.0%
28787
+3.1%
28754
-3.0%
28709
-28.2%

Housing Supply in 28709, NC

How many homes are available in 28709, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
220.0%

Summary: The 28709 real estate market had 2 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 28709 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 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 28709, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 28709 in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 28709, NC

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28709 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 28709; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 28709, NC

Nearby Markets to 28709, NC