New - 3 days on Rocket
$3,086 Closing Credit¹
#100491537, Listing Office: Keller Williams Innovate-Wilmington
28429 Housing Market Report February 2025•New Hanover County, North Carolina
Housing Prices in 28429, NC
How much do homes in 28429, NC cost?
Housing Market Conditions
Is 28429, NC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
28429 is a Neutral Market
Difference Since February 2024
At the same time last year, 28429 was a Buyer's Market.
Insight
28429 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$399,900$220/SqFt
+$20,773
+5.5%
Based on all homes sold in the last 12 months
Insight
Homes in 28429 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 28429 was $399,900 in February 2025, up 5.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $215K | - | N/A |
| 22 Bedrooms | $249.7K | $257.5K | +3.1% |
| 33 Bedrooms | $359.5K | $372.5K | +3.6% |
| 44 Bedrooms | $430K | $442.7K | +3.0% |
| 55+ Bedrooms | $409.1K | $434.4K | +6.2% |
Summary: 28429 housing price by bedroom type for February 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 +3.1%. The home price for 3 bedroom homes increased by +3.6%. The home price for 4 bedroom homes increased by +3.0%. The home price for 5 bedroom homes increased by +6.2%.
Housing supply in 28429, NC
How many homes are available in 28429, NC?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 77Last MonthFeb 2025 | ||
| 702 months agoJan 2025 | +10.0 % Change MoMJan – Feb |
Summary: The 28429 real estate market had 77 homes for sale in Feb 2025, a 10.0 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 12Last MonthFeb 2025 | ||
| 102 months agoJan 2025 | +20.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 6 | 5 | -16.7% |
| 33 Bedrooms | 33 | 40 | +21.2% |
| 44 Bedrooms | 28 | 30 | +7.1% |
| 55+ Bedrooms | 3 | 2 | -33.3% |
Summary: 28429 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -16.7%. The inventory for 3 bedroom homes increased by +21.2%. The inventory for 4 bedroom homes increased by +7.1%. The inventory for 5 bedroom homes decreased by -33.3%.
Asking Price vs. Sold Price
How much do homes in 28429, NC cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price10 Homes
Insight
If you're buying a home in 28429, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 28429 in February 2025, up by 20.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and and 0% were sold over asking.
Days on Market for 28429, NC
How long does it take to sell a home in 28429, NC?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days4 Homes
Over 90 Days4 Homes
Insight
Many homes in 28429 are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 12 homes were sold in 28429; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 104 DaysThis YearFeb 2025 | ||
| 40 Days1 year agoFeb 2024 | +157.6 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 28429 had an average listing age of 104 days in Feb 2025, up by 157.6% compared to the previous year.
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Newest Listings in 28429, NC
What homes are available in 28429, NC?
New - 3 days on RocketBackup offers
$4,155 Closing Credit¹
#100491511, Listing Office: Intracoastal Realty Corp
New - 3 days on Rocket
$4,156 Closing Credit¹
#100491472, Listing Office: RE/MAX Executive
New - 4 days on Rocket
$3,551 Closing Credit¹
#100491362, Listing Office: Yager Properties
New - 7 days on Rocket
$3,859 Closing Credit¹
#100490510, Listing Office: Coldwell Banker Sea Coast Advantage
New - 7 days on Rocket
$4,382 Closing Credit¹
#100490531, Listing Office: D.R. Horton, Inc
$5,936 Closing Credit¹
#100490249, Listing Office: Intracoastal Realty Corp
$4,513 Closing Credit¹
#100488902, Listing Office: Coldwell Banker Sea Coast Advantage
$5,047 Closing Credit¹
#100488735, Listing Office: Nest Realty
Backup offers
$4,572 Closing Credit¹
#100488630, Listing Office: Coldwell Banker Sea Coast Advantage-Hampstead
Backup offers
$4,275 Closing Credit¹
#100488214, Listing Office: NextHome Cape Fear
$6,353 Closing Credit¹
#100488169, Listing Office: Coldwell Banker Sea Coast Advantage
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MLS Disclaimers and Copyright
Based on information from Hive MLS, for the period 03/01/2023 - 03/01/2025
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: 3/4/2025, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.