$389,000
Land
Listing Office: Carey Mills Realty
Is 28785, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$450,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,750(+10.2%)
Key Takeaway
Homes in 28785 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 28785 was $450,000 in November 2024, up 10.2% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $162.5K | +12.1% |
| 2 Bedrooms | $331.2K | $355K | +7.2% |
| 3 Bedrooms | $480K | $567K | +18.1% |
| 4 Bedrooms | $649K | $720K | +10.9% |
| 5+ Bedrooms | $437.5K | $685K | +56.6% |
Summary: 28785 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 10.9%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 96 | -1.0% |
Summary: The 28785 real estate market had 96 homes for sale in November 2024, a 1.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 42 | 38 | -9.5% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 28785 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
7 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 28785, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 28785 in November 2024, the same as the previous month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 58 Days | +38.1% |
Summary: Homes in 28785 had an average of 58 days on market in Nov 2024, up by 38.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28785 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 28785; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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