28480 Housing Market Report February 2025•New Hanover County, North Carolina

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Housing Prices in 28480, NC

How much do homes in 28480, NC cost?

Housing Market Conditions

Is 28480, 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

28480 is a Buyer's Market

Difference Since February 2024

At the same time last year, 28480 was a Seller's Market.

Insight

28480 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$1,580,000$1,026/SqFt
+$179,500
+12.8%

Based on all homes sold in the last 12 months

Insight

Homes in 28480 have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in 28480 was $1,580,000 in February 2025, up 12.8% from last year, and the median price per square foot was $1,026.

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
28480
+12.8%
28409
+4.4%
28405
+3.9%
28411
+2.5%

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.
BedsFeb 2024Feb 2025Change YoY
1$525K$555K
+5.7%
2$940K$1.1M
+17.0%
3$1.5M$1.5M
+3.7%
4$1.9M$2.3M
+16.5%
5$2.3M$3.6M
+58.4%

Summary: 28480 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.7%. The home price for 2 bedroom homes increased by +17.0%. The home price for 3 bedroom homes increased by +3.7%. The home price for 4 bedroom homes increased by +16.5%. The home price for 5 bedroom homes increased by +58.4%.

Housing supply in 28480, NC

How many homes are available in 28480, 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
23Last MonthFeb 2025
182 months agoJan 2025
+27.8 %
Change MoMJan – Feb

Summary: The 28480 real estate market had 23 homes for sale in Feb 2025, a 27.8 % increase compared to Jan 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
2Last MonthFeb 2025
42 months agoJan 2025
-50.0 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
133
0.0%
222
0.0%
3810
+25.0%
414
+300.0%
544
0.0%

Summary: 28480 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 remained the same. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes increased by +300.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 28480, 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 Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 28480, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 28480 in February 2025, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 28480, NC

How long does it take to sell a home in 28480, NC?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in 28480 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 2 homes were sold in 28480; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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
41 DaysThis YearFeb 2025
73 Days1 year agoFeb 2024
-43.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 28480 had an average listing age of 41 days in Feb 2025, down by 43.8% compared to the previous year.

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Newest Listings in 28480, NC

What homes are available in 28480, NC?

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MLS Disclaimers and Copyright

Based on information from Hive MLS, for the period 03/01/2023 - 03/01/2025

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: 3/4/2025, 3:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.