$10,000 Closing Credit*
$867,000
3,328 SqFt
4 Beds
•4 Full Baths, 1 Partial
Listing Office: NextHome PaperTown
Is 28805, 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, 28805 was a Seller's Market.
Key Takeaway
28805 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 28805, NC
How much do homes in 28805, NC cost?
Median Sold Price
$499,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,666(-0.5%)
Key Takeaway
Homes in 28805 have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in 28805 was $499,000 in October 2024, down 0.5% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $829K | $398K | -52.0% |
| 2 Bedrooms | $312.5K | $355K | +13.6% |
| 3 Bedrooms | $518K | $507.7K | -2.0% |
| 4 Bedrooms | $688.8K | $715K | +3.8% |
| 5+ Bedrooms | $648.5K | $846K | +30.5% |
Summary: 28805 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 30.5%.
Housing Supply in 28805, NC
How many homes are available in 28805, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 | 82 | -16.3% |
Summary: The 28805 real estate market had 82 homes for sale in October 2024, a 16.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 38 | 31 | -18.4% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 28805 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 16%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 11 | -45.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28805, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 28805 in October 2024, down by 45.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 28805, NC
How long does it take to sell a home in 28805, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +4.3% |
Summary: Homes in 28805 had an average of 28 days on market in Oct 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28805 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 28805; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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