Is 28786, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28786 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 28786 has remained a Seller's Market.

Key Takeaway

28786 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 28786, NC

How much do homes in 28786, NC cost?

Median Sold Price

$402,511

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,261(+9.3%)

Key Takeaway

Homes in 28786 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 28786 was $402,511 in October 2024, up 9.3% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $221.7K$325.5K
+46.8%
2 $300K$302.7K
+0.9%
3 $400K$420K
+5.0%
4 $465K$520K
+11.8%
5+ $600K$471.9K
-21.3%

Summary: 28786 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 21.3%.

Median Sold Price Compared To Nearby Zip Codes

28786
+9.3%
28716
+7.5%
28751
+2.8%
28745
-11.7%

Housing Supply in 28786, NC

How many homes are available in 28786, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
158164+3.8%

Summary: The 28786 real estate market had 164 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3128
-9.7%
3 8692
+7.0%
4 2626
0.0%
5+ 1417
+21.4%

Summary: The 28786 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 decreased by 9.7%, 3 bedroom homes increased by 7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2432+33.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28786, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 28786 in October 2024, up by 33.3% month-over-month. Of the 32 sold homes, 53% were sold under asking, 41% were sold at asking, and 6% were sold over asking.

Days on Market for 28786, NC

How long does it take to sell a home in 28786, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
61 Days62 Days+0.8%

Summary: Homes in 28786 had an average of 62 days on market in Oct 2024, up by 0.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28786 has remained consistent over time.

Summary: During October 2024, 32 homes were sold in 28786; 28% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 22% 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 13 Days Ago

Newest Listings in 28786, NC

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