$6,828 Closing Credit*
$575,000
2,998 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams Elite Realty
Is 28721, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 28721 has remained a Neutral Market.
Key Takeaway
28721 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 28721, NC
How much do homes in 28721, NC cost?
Median Sold Price
$350,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-1.4%)
Key Takeaway
Homes in 28721 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 28721 was $350,000 in November 2024, down 1.4% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.5K | $215K | -10.2% |
| 2 Bedrooms | $289K | $290K | 0.3% |
| 3 Bedrooms | $375K | $370K | -1.3% |
| 4 Bedrooms | $625K | $446.9K | -28.5% |
| 5+ Bedrooms | $475K | $561K | +18.1% |
Summary: 28721 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 28.5%, and 5+ bedroom homes increased by 18.1%.
Housing Supply in 28721, NC
How many homes are available in 28721, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 63 | +12.5% |
Summary: The 28721 real estate market had 63 homes for sale in November 2024, a 12.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 28721 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28721, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 28721 in November 2024, up by 233.3% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 28721, NC
How long does it take to sell a home in 28721, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 102 Days | 51 Days | -50.0% |
Summary: Homes in 28721 had an average of 51 days on market in Nov 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
4 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 28721 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 28721; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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