28405 Housing Market Report April 2025•New Hanover County, North Carolina

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Housing Prices in 28405, NC

How much do homes in 28405, NC cost?

Housing Market Conditions

Is 28405, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

28405 is a Seller's Market

Difference Since April 2024

Since last year, 28405 has remained a Seller's Market.

Insight

28405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$410,523$258/SqFt
+$15,823
+4.0%

Based on all homes sold in the last 12 months

Insight

Homes in 28405 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 28405 was $410,523 in April 2025, up 4% from last year, and the median price per square foot was $258.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
28429
+8.1%
28403
+6.2%
28411
+5.4%
28480
+4.8%
28405
+4.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1--
N/A
2$242.5K$291K
+20.0%
3$360K$379.5K
+5.4%
4$745K$760.5K
+2.1%
5$1.2M$1.6M
+28.7%

Summary: 28405 housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +20.0%. The home price for 3 bedroom homes increased by +5.4%. The home price for 4 bedroom homes increased by +2.1%. The home price for 5 bedroom homes increased by +28.7%.

How does 28405, NC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

28405, NC

Housing supply in 28405, NC

How many homes are available in 28405, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
193Last MonthApr 2025
1842 months agoMar 2025
+4.9 %
Change MoMMar – Apr

Summary: The 28405 real estate market had 193 homes for sale in Apr 2025, a 4.9 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
36Last MonthApr 2025
442 months agoMar 2025
-18.2 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
111
0.0%
22828
0.0%
3103107
+3.9%
44048
+20.0%
5129
-25.0%

Summary: 28405 housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +3.9%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in 28405, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price8 Homes

At Asking Price5 Homes

Under Asking Price23 Homes

Insight

If you're buying a home in 28405, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 28405 in April 2025, down by 18.2% month-over-month. Of the 36 sold homes, 64% were sold under asking, 14% were sold at asking, and and 22% were sold over asking.

Days on Market for 28405, NC

How long does it take to sell a home in 28405, NC?

Breakdown of Home Sale Times

Under 30 Days24 Homes

30 – 90 Days8 Homes

Over 90 Days4 Homes

Insight

Many homes in 28405 are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 36 homes were sold in 28405; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
30 DaysThis YearApr 2025
38 Days1 year agoApr 2024
-21.7 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in 28405 had an average listing age of 30 days in Apr 2025, down by 21.7% compared to the previous year.

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Newest Listings in 28405, NC

What homes are available in 28405, NC?

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MLS Disclaimers and Copyright

Based on information from Hive MLS, for the period 05/01/2023 - 05/01/2025

IDX Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/18/2025, 12:55:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.