Is 28715, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28715 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 28715 has remained a Seller's Market.

Key Takeaway

28715 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28715, NC

How much do homes in 28715, NC cost?

Median Sold Price

$415,000

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,010(+1.0%)

Key Takeaway

Homes in 28715 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 28715 was $415,000 in October 2024, up 1% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $214.2K$213.5K
-0.4%
2 $300K$280K
-6.7%
3 $410K$415K
+1.2%
4 $532.5K$570K
+7.0%
5+ $724K$1.0M
+39.3%

Summary: 28715 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 39.3%.

Median Sold Price Compared To Nearby Zip Codes

28748
+11.7%
28716
+7.5%
28704
+3.2%
28806
+2.3%
28715
+1.0%

Housing Supply in 28715, NC

How many homes are available in 28715, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1321320.0%

Summary: The 28715 real estate market had 132 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1618
+12.5%
3 9290
-2.2%
4 1616
0.0%
5+ 87
-12.5%

Summary: The 28715 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1724+41.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28715, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 28715 in October 2024, up by 41.2% month-over-month. Of the 24 sold homes, 67% were sold under asking, 21% were sold at asking, and 13% were sold over asking.

Days on Market for 28715, NC

How long does it take to sell a home in 28715, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days33 Days-24.0%

Summary: Homes in 28715 had an average of 33 days on market in Oct 2024, down by 24% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28715 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in 28715; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% 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 20 Days Ago

Newest Listings in 28715, NC

Nearby Markets to 28715, NC