Is 28906, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28906 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 28906 was a Seller's Market.

Key Takeaway

28906 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28906, NC

How much do homes in 28906, NC cost?

Median Sold Price

$347,500

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,666(+9.0%)

Key Takeaway

Homes in 28906 have sold for 9% more than they did a year ago.

Summary: The median home sold price in 28906 was $347,500 in October 2024, up 9% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$195K
+25.8%
2 $308.7K$330.7K
+7.1%
3 $365K$417.4K
+14.4%
4 $435K$415K
-4.6%
5+ $395K$434.4K
+10.0%

Summary: 28906 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Zip Codes

28902
+17.9%
28906
+9.0%
37385
-1.5%

Housing Supply in 28906, NC

How many homes are available in 28906, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
172219+27.3%

Summary: The 28906 real estate market had 219 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1819
+5.6%
2 80113
+41.3%
3 6577
+18.5%
4 88
0.0%
5+ 12
+100.0%

Summary: The 28906 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 41.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28906, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 28906 in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 28906, NC

How long does it take to sell a home in 28906, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days57 Days+55.3%

Summary: Homes in 28906 had an average of 57 days on market in Oct 2024, up by 55.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 28906 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 28906; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 14 Days Ago

Newest Listings in 28906, NC

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