$1,651 Closing Credit*
$139,000
3 Beds
•2 Full Baths
Listing Office: Landon Key Realty
Is 28748, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 28748 was a Seller's Market.
Key Takeaway
28748 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28748, NC
How much do homes in 28748, NC cost?
Median Sold Price
$435,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,586(+11.7%)
Key Takeaway
Homes in 28748 have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in 28748 was $435,000 in October 2024, up 11.7% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $237.5K | $445.5K | +87.6% |
| 3 Bedrooms | $396.5K | $420K | +5.9% |
| 4 Bedrooms | $684.1K | $585K | -14.5% |
| 5+ Bedrooms | $610.5K | $1.2M | +96.5% |
Summary: 28748 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 87.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 96.5%.
Housing Supply in 28748, NC
How many homes are available in 28748, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 56 | -6.7% |
Summary: The 28748 real estate market had 56 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 35 | 31 | -11.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 28748 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 remained the same, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28748, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 28748 in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for 28748, NC
How long does it take to sell a home in 28748, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 67 Days | -22.5% |
Summary: Homes in 28748 had an average of 67 days on market in Oct 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28748 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 28748; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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