Is 28714, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28714 is a buyer's market

Buyer's
Market

Difference Since December 2023

Since last year, 28714 has remained a Buyer's Market.

Key Takeaway

28714 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28714, NC

How much do homes in 28714, NC cost?

Median Sold Price

$382,000

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$45,000(+13.4%)

Key Takeaway

Homes in 28714 have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in 28714 was $382,000 in December 2024, up 13.4% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $212K$212.4K
0.2%
2 $302.5K$308.5K
+2.0%
3 $375K$450K
+20.0%
4 $615K$525K
-14.6%
5+ $690K$365K
-47.1%

Summary: 28714 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes decreased by 47.1%.

Median Sold Price Compared To Nearby Zip Codes

28714
+13.4%
28705
-14.6%

Housing Supply in 28714, NC

How many homes are available in 28714, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8593+9.4%

Summary: The 28714 real estate market had 93 homes for sale in December 2024, a 9.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 02
+100.0%
2 3134
+9.7%
3 3940
+2.6%
4 1314
+7.7%
5+ 23
+50.0%

Summary: The 28714 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
313+333.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28714, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 28714 in December 2024, up by 333.3% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.

Days on Market for 28714, NC

How long does it take to sell a home in 28714, NC?

Average Sale Time

Dec 2023Dec 2024CHANGE
117 Days67 Days-42.5%

Summary: Homes in 28714 had an average of 67 days on market in Dec 2024, down by 42.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 28714 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 13 homes were sold in 28714; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% 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 4 Days Ago

Newest Listings in 28714, NC

Nearby Markets to 28714, NC