Is 28771, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28771 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 28771 has remained a Seller's Market.

Key Takeaway

28771 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28771, NC

How much do homes in 28771, NC cost?

Median Sold Price

$349,900

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$107,150(+44.1%)

Key Takeaway

Homes in 28771 have sold for 44.1% more than they did a year ago.

Summary: The median home sold price in 28771 was $349,900 in November 2024, up 44.1% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $185K-
N/A
2 $234K$217.2K
-7.2%
3 $244K$370K
+51.6%
4 --
N/A
5+ --
N/A

Summary: 28771 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 51.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28771
+44.1%
37882
0.0%

Housing Supply in 28771, NC

How many homes are available in 28771, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
13130.0%

Summary: The 28771 real estate market had 13 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 88
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 28771 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 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 28771, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 28771 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 28771, NC

How long does it take to sell a home in 28771, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days61 Days+48.8%

Summary: Homes in 28771 had an average of 61 days on market in Nov 2024, up by 48.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28771 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 28771; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

Newest Listings in 28771, NC

Nearby Markets to 28771, NC