$39,000
Land
Listing Office: RE/MAX Executive
Is 28786, 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, 28786 was a Seller's Market.
Key Takeaway
28786 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 28786, NC
How much do homes in 28786, NC cost?
Median Sold Price
$411,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,666(+11.3%)
Key Takeaway
Homes in 28786 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 28786 was $411,500 in November 2024, up 11.3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $221.7K | $325.5K | +46.8% |
| 2 Bedrooms | $287.5K | $348K | +21.0% |
| 3 Bedrooms | $410K | $425.7K | +3.8% |
| 4 Bedrooms | $465K | $520K | +11.8% |
| 5+ Bedrooms | $600K | $471.9K | -21.3% |
Summary: 28786 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.8%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 21.3%.
Housing Supply in 28786, NC
How many homes are available in 28786, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 160 | 158 | -1.3% |
Summary: The 28786 real estate market had 158 homes for sale in November 2024, a 1.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 36 | +28.6% |
| 3 Bedrooms | 90 | 80 | -11.1% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The 28786 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 increased by 28.6%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 23 | -30.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28786, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 28786 in November 2024, down by 30.3% month-over-month. Of the 23 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 56 Days | +119.1% |
Summary: Homes in 28786 had an average of 56 days on market in Nov 2024, up by 119.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28786 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in 28786; 43% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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