Is 28712, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28712 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28712 was a Seller's Market.

Key Takeaway

28712 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28712, NC

How much do homes in 28712, NC cost?

Median Sold Price

$512,500

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$52,250(+11.4%)

Key Takeaway

Homes in 28712 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 28712 was $512,500 in November 2024, up 11.4% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $340K$230K
-32.4%
2 $345K$370K
+7.2%
3 $525.3K$540K
+2.8%
4 $620K$795K
+28.2%
5+ $592K$596.2K
+0.7%

Summary: 28712 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.4%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

28747
+91.7%
28772
+46.8%
28712
+11.4%

Housing Supply in 28712, NC

How many homes are available in 28712, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
136142+4.4%

Summary: The 28712 real estate market had 142 homes for sale in November 2024, a 4.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 3636
0.0%
3 6867
-1.5%
4 1622
+37.5%
5+ 1010
0.0%

Summary: The 28712 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2119-9.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer74%21%

Key Takeaway

If you're buying a home in 28712, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 28712 in November 2024, down by 9.5% month-over-month. Of the 19 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.

Days on Market for 28712, NC

How long does it take to sell a home in 28712, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days54 Days+38.8%

Summary: Homes in 28712 had an average of 54 days on market in Nov 2024, up by 38.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times53%24%24%

Key Takeaway

Many homes in 28712 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 28712; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 17 Days Ago

Newest Listings in 28712, NC

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