$40,000
Land
Listing Office: Allen Tate/Beverly-Hanks Fletcher
Is 28716, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 28716 has remained a Seller's Market.
Key Takeaway
28716 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28716, NC
How much do homes in 28716, NC cost?
Median Sold Price
$333,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,100(+7.5%)
Key Takeaway
Homes in 28716 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 28716 was $333,000 in October 2024, up 7.5% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $291.7K | +153.7% |
| 2 Bedrooms | $264K | $253K | -4.2% |
| 3 Bedrooms | $320.5K | $359.9K | +12.3% |
| 4 Bedrooms | $339K | $357.5K | +5.5% |
| 5+ Bedrooms | $546.7K | $342K | -37.4% |
Summary: 28716 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 153.7%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 5.5%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 84 | -6.7% |
Summary: The 28716 real estate market had 84 homes for sale in October 2024, a 6.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 50 | 45 | -10.0% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 28716 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 5.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 16 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28716, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 28716 in October 2024, up by 100.0% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 38 Days | -15.4% |
Summary: Homes in 28716 had an average of 38 days on market in Oct 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 28716 has remained consistent over time.
Summary: During October 2024, 16 homes were sold in 28716; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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