Is New Hanover County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Hanover County has remained a Seller's Market.
Housing Prices in New Hanover County, NC
How much do homes in New Hanover County, NC cost?
Median Sold Price
$430,153
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Hanover County was $430,153 in April 2024, up 6.4% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $359.5K | +2.7% |
2 Bedrooms | $280.6K | $295.8K | +5.4% |
3 Bedrooms | $365K | $399.6K | +9.5% |
4 Bedrooms | $546.8K | $599.8K | +9.7% |
5+ Bedrooms | $723.2K | $822.5K | +13.7% |
Summary: New Hanover County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Counties
Brunswick County | $392K | $425K | +8.4% |
New Hanover County | $404.4K | $430.1K | +6.4% |
Pender County | $405K | $429.9K | +6.2% |
Housing Supply in New Hanover County, NC
How many homes are available in New Hanover County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,467 | 1,539 | +4.9% |
Summary: The New Hanover County real estate market had 1,539 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 61 | 67 | +9.8% |
2 Bedrooms | 238 | 251 | +5.5% |
3 Bedrooms | 664 | 697 | +5.0% |
4 Bedrooms | 362 | 375 | +3.6% |
5+ Bedrooms | 142 | 149 | +4.9% |
Summary: The New Hanover County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
322 | 343 | +6.5% |
Asking Price vs. Sold Price
192 Homes Were Sold
Under Asking
77 Homes Were Sold
At Asking
74 Homes Were Sold
Over Asking
Summary: A total of 343 homes were sold or pending in New Hanover County in April 2024, up by 6.5% month-over-month. Of the 343 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for New Hanover County, NC
How long does it take to sell a home in New Hanover County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 46 Days | +54.1% |
Summary: Homes in New Hanover County had an average of 46 days on market in Apr 2024, up by 54.1% compared to last year.
Breakdown of Home Sale Times
199 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
65 Homes Were Sold
Over 90 Days
Summary: During April 2024, 343 homes were sold in New Hanover County; 58% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.