$129,000
Land
Listing Office: NC Broker Realty
Is 28785, 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, 28785 was a Seller's Market.
Key Takeaway
28785 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28785, NC
How much do homes in 28785, NC cost?
Median Sold Price
$455,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+12.3%)
Key Takeaway
Homes in 28785 have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in 28785 was $455,000 in October 2024, up 12.3% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $163.7K | +14.9% |
| 2 Bedrooms | $325K | $357.5K | +10.0% |
| 3 Bedrooms | $480K | $575K | +19.8% |
| 4 Bedrooms | $630K | $675K | +7.1% |
| 5+ Bedrooms | $437.5K | $685K | +56.6% |
Summary: 28785 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 56.6%.
Housing Supply in 28785, NC
How many homes are available in 28785, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 106 | +1.9% |
Summary: The 28785 real estate market had 106 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 25 | 26 | +4.0% |
| 3 Bedrooms | 47 | 45 | -4.3% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 28785 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 increased by 4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28785, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 28785 in October 2024, the same as the previous month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for 28785, NC
How long does it take to sell a home in 28785, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 46 Days | -0.2% |
Summary: Homes in 28785 had an average of 46 days on market in Oct 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 28785 has remained consistent over time.
Summary: During October 2024, 9 homes were sold in 28785; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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