Is New Hanover County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Hanover County is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, New Hanover County has remained a Seller's Market.

Key Takeaway

New Hanover County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in New Hanover County, NC cost?

Median Sold Price

$389,784

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$61,581(+18.8%)

Key Takeaway

Homes in New Hanover County have sold for 18.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $239.5K$315K
+31.5%
2 $216.3K$259.9K
+20.2%
3 $299.9K$354.5K
+18.2%
4 $446.9K$539K
+20.6%
5+ $634.8K$740.7K
+16.7%

Median Sold Price Compared To Nearby Counties

Brunswick County
+20.0%
New Hanover County
+18.8%
Pender County
+17.4%

How many homes are available in New Hanover County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
1,2751,167-8.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 5143
-15.7%
2 177164
-7.3%
3 600535
-10.8%
4 314299
-4.8%
5+ 133126
-5.3%

Number of Homes Sold

Oct 2022Nov 2022%
334313-6.3%

Asking Price vs. Sold Price

169 Homes Were Sold
Under Asking

73 Homes Were Sold
At Asking

71 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Hanover County, you may be able to get a good deal. 54% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days29 Days+30.3%

Breakdown of Home Sale Times

223 Homes Were Sold
Under 30 Days

59 Homes Were Sold
In 30 - 90 Days

31 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About New Hanover County, NC

New Hanover County, NC has 1,167 homes on the market. The number of homes for sale in New Hanover County, NC decreased by 8.5% between October 2022 and November 2022. Listings spent 29 days on the market in November 2022, and had a median list price of $389,784 during the same period. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties prices increased by 31.5%, the cost of 2 bedrooms properties went up by 20.2%, the cost of 3 bedrooms properties went up by 18.2%, the cost of 4 bedrooms properties went up by 20.6%, 5 bedrooms properties became 16.7% more expensive. Volume of homes for sale changed: number of 1 bedroom homes decreased by 15.7%, 2 bedrooms homes inventory decreased by 7.3%, 3 bedrooms homes became 10.8% less available, the quantity of 4 bedrooms homes went down by 4.8%, volume of 5 bedrooms homes went down by 5.3%. In November 2022 more than 71 listings in New Hanover County, NC were sold above the asking price. During the same period more than 73 listings were sold at asking price, while more than 169 were sold below.

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