Is 28789, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28789 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28789 was a Seller's Market.

Key Takeaway

28789 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28789, NC

How much do homes in 28789, NC cost?

Median Sold Price

$337,500

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+4.7%)

Key Takeaway

Homes in 28789 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 28789 was $337,500 in November 2024, up 4.7% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $157.2K$220.7K
+40.4%
2 $312.5K$290K
-7.2%
3 $430K$405K
-5.8%
4 $724.9K$665K
-8.3%
5+ $600K-
N/A

Summary: 28789 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.4%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28779
+8.8%
28789
+4.7%
28751
-0.4%
28713
-7.0%

Housing Supply in 28789, NC

How many homes are available in 28789, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1621+31.3%

Summary: The 28789 real estate market had 21 homes for sale in November 2024, a 31.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1113
+18.2%
3 36
+100.0%
4 00
0.0%
5+ 11
0.0%

Summary: The 28789 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 18.2%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28789, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 28789 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 28789, NC

How long does it take to sell a home in 28789, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days4 Days-87.7%

Summary: Homes in 28789 had an average of 4 days on market in Nov 2024, down by 87.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28789 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 28789; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 28789, NC

Nearby Markets to 28789, NC