Listing Office: Keller Williams Great Smokies
Is 28751, 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, 28751 was a Neutral Market.
Key Takeaway
28751 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28751, NC
How much do homes in 28751, NC cost?
Median Sold Price
$401,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+2.8%)
Key Takeaway
Homes in 28751 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 28751 was $401,000 in October 2024, up 2.8% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.5K | $292.4K | +34.4% |
| 2 Bedrooms | $350K | $382.2K | +9.2% |
| 3 Bedrooms | $485K | $477.5K | -1.5% |
| 4 Bedrooms | $532.7K | $456K | -14.4% |
| 5+ Bedrooms | $1.2M | $2.0M | +66.0% |
Summary: 28751 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes increased by 66%.
Housing Supply in 28751, NC
How many homes are available in 28751, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 101 | +6.3% |
Summary: The 28751 real estate market had 101 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 46 | 50 | +8.7% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 28751 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 28751, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 28751 in October 2024, the same as the previous month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for 28751, NC
How long does it take to sell a home in 28751, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 48 Days | +58.3% |
Summary: Homes in 28751 had an average of 48 days on market in Oct 2024, up by 58.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28751 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 28751; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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