$179,000
Land
Listing Office: Keller Williams - Weaverville
Is 28787, 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, 28787 was a Seller's Market.
Key Takeaway
28787 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 28787, NC
How much do homes in 28787, NC cost?
Median Sold Price
$500,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+3.1%)
Key Takeaway
Homes in 28787 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 28787 was $500,000 in October 2024, up 3.1% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.5K | - | N/A |
| 2 Bedrooms | $387K | $409K | +5.7% |
| 3 Bedrooms | $476.9K | $482.5K | +1.2% |
| 4 Bedrooms | $642K | $738.5K | +15.0% |
| 5+ Bedrooms | $894.5K | $849.5K | -5.0% |
Summary: 28787 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 28787, NC
How many homes are available in 28787, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 110 | -6.0% |
Summary: The 28787 real estate market had 110 homes for sale in October 2024, a 6.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 72 | 69 | -4.2% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 28787 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 19%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 16 | -38.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28787, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 28787 in October 2024, down by 38.5% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 28787, NC
How long does it take to sell a home in 28787, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 46 Days | +25.0% |
Summary: Homes in 28787 had an average of 46 days on market in Oct 2024, up by 25% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 28787 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 28787; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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