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 June 2023

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.

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

+$21,816(+5.3%)

Key Takeaway

Homes in New Hanover County have sold for 5.3% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $350K$356.5K
+1.9%
2 $281.3K$295.3K
+5.0%
3 $375.5K$399.9K
+6.5%
4 $560.8K$596.5K
+6.4%
5+ $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
+6.0%
Brunswick County
+5.6%
New Hanover County
+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 2024Jun 2024CHANGE
1,6341,6340.0%

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

# BEDSMay 2024Jun 2024CHANGE
1 6161
0.0%
2 255254
-0.4%
3 729719
-1.4%
4 435444
+2.1%
5+ 154156
+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 2024Jun 2024CHANGE
399304-23.8%

Asking Price vs. Sold Price

162 Homes Were Sold
Under Asking

81 Homes Were Sold
At Asking

61 Homes Were Sold
Over Asking

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. 53.3% of homes here sold below asking price last month.

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 2023Jun 2024CHANGE
27 Days35 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in New Hanover County, NC

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