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Is Shannon, NC 28386 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Shannon is a buyer’s market. With about 8.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.5Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market26Listing to accepted offer
Median price per sq ft$133▲ +1.3% vs. last year

The Shannon housing market right now

In the three months ending August 31, 2026, 33% of homes in Shannon, NC 28386 sold above their list price, the typical home went under contract in 26 days and there were 8.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (80 days then) and the median sale price rose 127% to $344,851. Overall, Shannon is more competitive than a year ago, so tougher for buyers.

Within Robeson County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Rowland 28383 (0% sold over asking) or Orrum 28369 (0% sold over asking).

Run the numbers for 28386

Prefilled for 28386Can I win this house?Multiple-offer likelihood for a listing Prefilled for 28386Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Fairmont 28340 $75 /sq ftLumber Bridge 28357Seller’s market $161 /sq ftLumberton 28358Balanced $121 /sq ftLumberton 28360Seller’s market $163 /sq ft Browse all markets →

Towns like Shannon nearby

Find towns like Shannon in other states →
Maxton, NC28364 · 14 miles away85% similarlarger · older residents Hoffman, NC28347 · 23 miles away84% similarsmaller Red Springs, NC28377 · 6 miles away79% similarpricier homes ($29K more) · larger Pembroke, NC28372 · 14 miles away74% similarpricier homes ($29K more) · larger

Where Shannon is

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Questions about Shannon real estate

Is Shannon a buyer’s or seller’s market?

A buyer’s market: there were 8.5 months of supply in Shannon, NC 28386 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Shannon?

The typical home went under contract in 26 days in the latest three months.

Do homes in Shannon sell over asking?

33% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Shannon?

About 0.87% of a home’s value a year in Robeson County, or roughly $3,480 on a $400,000 home.

What is the median home price in Shannon?

The median sale price was $344,851 in the three months ending August 31, 2026, about $133 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology