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 June 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
$433,748
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in New Hanover County was $433,748 in June 2024, up 5.3% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $356.5K | +1.9% |
2 Bedrooms | $281.3K | $295.3K | +5.0% |
3 Bedrooms | $375.5K | $399.9K | +6.5% |
4 Bedrooms | $560.8K | $596.5K | +6.4% |
5+ Bedrooms | $727.5K | $825K | +13.4% |
Summary: New Hanover County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Counties
Pender County | $405K | $429.2K | +6.0% |
Brunswick County | $398.2K | $420.5K | +5.6% |
New Hanover County | $411.9K | $433.7K | +5.3% |
Housing Supply in New Hanover County, NC
How many homes are available in New Hanover County, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,634 | 1,634 | 0.0% |
Summary: The New Hanover County real estate market had 1,634 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 61 | 61 | 0.0% |
2 Bedrooms | 255 | 254 | -0.4% |
3 Bedrooms | 729 | 719 | -1.4% |
4 Bedrooms | 435 | 444 | +2.1% |
5+ Bedrooms | 154 | 156 | +1.3% |
Summary: The New Hanover County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 1.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
399 | 304 | -23.8% |
Asking Price vs. Sold Price
162 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 304 homes were sold or pending in New Hanover County in June 2024, down by 23.8% month-over-month. Of the 304 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
27 Days | 35 Days | +29.3% |
Summary: Homes in New Hanover County had an average of 35 days on market in Jun 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
194 Homes Were Sold
Under 30 Days
84 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During June 2024, 304 homes were sold in New Hanover County; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.