Listing Office: Petit Properties Inc
Is 28747, 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, 28747 has remained a Buyer's Market.
Key Takeaway
28747 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28747, NC
How much do homes in 28747, NC cost?
Median Sold Price
$802,500
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$383,825(+91.7%)
Key Takeaway
Homes in 28747 have sold for 91.7% more than they did a year ago.
Summary: The median home sold price in 28747 was $802,500 in November 2024, up 91.7% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $342.5K | +26.9% |
| 2 Bedrooms | $329.9K | $312.7K | -5.2% |
| 3 Bedrooms | $575K | $930K | +61.7% |
| 4 Bedrooms | $1.3M | $2.6M | +95.2% |
| 5+ Bedrooms | $1.7M | $5.2M | +197.9% |
Summary: 28747 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.9%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 61.7%, 4 bedroom homes increased by 95.2%, and 5+ bedroom homes increased by 197.9%.
Housing Supply in 28747, NC
How many homes are available in 28747, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The 28747 real estate market had 38 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 28747 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28747, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 28747 in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 28747, NC
How long does it take to sell a home in 28747, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 418 Days | +1045.2% |
Summary: Homes in 28747 had an average of 418 days on market in Nov 2024, up by 1045.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 28747 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in 28747; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.