Is 28801, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28801 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28801 was a Seller's Market.

Key Takeaway

28801 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28801, NC

How much do homes in 28801, NC cost?

Median Sold Price

$675,000

$433/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$85,000(+14.4%)

Key Takeaway

Homes in 28801 have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in 28801 was $675,000 in November 2024, up 14.4% from last year, and the median price per square foot was $433.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $480K$480K
0.0%
2 $510K$623.5K
+22.3%
3 $650K$690K
+6.2%
4 $835K$905K
+8.4%
5+ $840K$1.1M
+39.0%

Summary: 28801 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 39%.

Median Sold Price Compared To Nearby Zip Codes

28801
+14.4%
28803
+10.9%
28804
+4.6%
28806
+1.2%
28805
-2.8%

Housing Supply in 28801, NC

How many homes are available in 28801, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8293+13.4%

Summary: The 28801 real estate market had 93 homes for sale in November 2024, a 13.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1518
+20.0%
2 2327
+17.4%
3 2732
+18.5%
4 89
+12.5%
5+ 97
-22.2%

Summary: The 28801 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28801, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 28801 in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 28801, NC

How long does it take to sell a home in 28801, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days86 Days+302.2%

Summary: Homes in 28801 had an average of 86 days on market in Nov 2024, up by 302.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28801 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 28801; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

Newest Listings in 28801, NC

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