$3,859 Closing Credit*
$325,000
1,159 SqFt
2 Beds
•2 Full Baths
Listing Office: Keller Williams Great Smokies
Is 28716, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 28716 was a Seller's Market.
Key Takeaway
28716 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 28716, NC
How much do homes in 28716, NC cost?
Median Sold Price
$336,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,000(+5.0%)
Key Takeaway
Homes in 28716 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 28716 was $336,000 in November 2024, up 5% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $291.7K | +153.7% |
| 2 Bedrooms | $267K | $261.5K | -2.1% |
| 3 Bedrooms | $325K | $379K | +16.6% |
| 4 Bedrooms | $356K | $365K | +2.5% |
| 5+ Bedrooms | $546.7K | $342K | -37.4% |
Summary: 28716 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 153.7%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 37.4%.
Housing Supply in 28716, NC
How many homes are available in 28716, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 74 | -9.8% |
Summary: The 28716 real estate market had 74 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 43 | 40 | -7.0% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 28716 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28716, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 28716 in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 28716, NC
How long does it take to sell a home in 28716, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 53 Days | +40.2% |
Summary: Homes in 28716 had an average of 53 days on market in Nov 2024, up by 40.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28716 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 28716; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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