Is 28722, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28722 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 28722 has remained a Buyer's Market.

Key Takeaway

28722 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28722, NC

How much do homes in 28722, NC cost?

Median Sold Price

$427,500

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,000(+21.3%)

Key Takeaway

Homes in 28722 have sold for 21.3% more than they did a year ago.

Summary: The median home sold price in 28722 was $427,500 in October 2024, up 21.3% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $285K$385K
+35.1%
2 $195K$325K
+66.7%
3 $361.2K$404K
+11.8%
4 $402.5K$672K
+67.0%
5+ $481.9K$1.2M
+159.4%

Summary: 28722 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.1%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 67%, and 5+ bedroom homes increased by 159.4%.

Median Sold Price Compared To Nearby Zip Codes

28756
+47.0%
28722
+21.3%
28782
+15.8%
28773
+9.1%
28139
-0.1%

Housing Supply in 28722, NC

How many homes are available in 28722, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5358+9.4%

Summary: The 28722 real estate market had 58 homes for sale in October 2024, a 9.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1312
-7.7%
3 2123
+9.5%
4 1215
+25.0%
5+ 78
+14.3%

Summary: The 28722 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 decreased by 7.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28722, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 28722 in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for 28722, NC

How long does it take to sell a home in 28722, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days23 Days+26.2%

Summary: Homes in 28722 had an average of 23 days on market in Oct 2024, up by 26.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28722 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 28722; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in 28722, NC

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