$7,422 Closing Credit*
$625,000
1,239 SqFt
2 Beds
•2 Full Baths
Listing Office: Allen Tate/Beverly-Hanks Freestone Properties
Is 28711, 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, 28711 was a Seller's Market.
Key Takeaway
28711 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28711, NC
How much do homes in 28711, NC cost?
Median Sold Price
$535,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,525(+4.6%)
Key Takeaway
Homes in 28711 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 28711 was $535,000 in October 2024, up 4.6% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $458.2K | $265K | -42.2% |
| 2 Bedrooms | $390K | $406K | +4.1% |
| 3 Bedrooms | $511.4K | $492.1K | -3.8% |
| 4 Bedrooms | $695K | $915K | +31.7% |
| 5+ Bedrooms | $810K | $1.0M | +29.6% |
Summary: 28711 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 29.6%.
Housing Supply in 28711, NC
How many homes are available in 28711, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 75 | -3.8% |
Summary: The 28711 real estate market had 75 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 28711 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 increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
7 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 28711, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 28711 in October 2024, down by 41.7% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 28711, NC
How long does it take to sell a home in 28711, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 19 Days | -21.0% |
Summary: Homes in 28711 had an average of 19 days on market in Oct 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28711 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 28711; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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