Is 28806, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28806 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28806 was a Seller's Market.

Key Takeaway

28806 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28806, NC

How much do homes in 28806, NC cost?

Median Sold Price

$430,125

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,125(+1.2%)

Key Takeaway

Homes in 28806 have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in 28806 was $430,125 in November 2024, up 1.2% from last year, and the median price per square foot was $314.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $314.6K$433.5K
+37.8%
2 $332.5K$325K
-2.3%
3 $425K$428.4K
+0.8%
4 $615K$603.2K
-1.9%
5+ $610K$745K
+22.1%

Summary: 28806 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.8%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 22.1%.

Median Sold Price Compared To Nearby Zip Codes

28801
+14.4%
28803
+10.9%
28804
+4.6%
28806
+1.2%
28715
-2.3%

Housing Supply in 28806, NC

How many homes are available in 28806, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
192214+11.5%

Summary: The 28806 real estate market had 214 homes for sale in November 2024, a 11.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 2840
+42.9%
3 119123
+3.4%
4 3942
+7.7%
5+ 35
+66.7%

Summary: The 28806 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3222-31.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28806, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 28806 in November 2024, down by 31.3% month-over-month. Of the 22 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.

Days on Market for 28806, NC

How long does it take to sell a home in 28806, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days47 Days+82.9%

Summary: Homes in 28806 had an average of 47 days on market in Nov 2024, up by 82.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 28806 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in 28806; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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 28806, NC

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