New Hanover County Real Estate Market Update – March 2025

As we move into the heart of spring, New Hanover County’s real estate market continues to show strength and resilience. Whether you're thinking of buying, selling, or investing, understanding the latest trends is essential. Here’s a snapshot of where the market stood as of March 2025:

Prices Are Rising

The median sold price in New Hanover County climbed to $461,795, marking a 7.5% increase year-over-year. Meanwhile, the median price per square foot held strong at $255. Even as inventory grows, prices remain on the rise — a sign that buyer demand is still outpacing supply.

Sales Activity is Picking Up

March saw 301 homes sold, a notable 21.9% jump compared to February 2025. More homes are moving, and faster too: the median days to pending dropped to just 22 days. Well-priced properties are attracting strong interest and going under contract quickly.

Inventory is Growing, But It's Still a Seller’s Market

There were 1,796 active listings across the county in March, up 15.8% month-over-month, and 396 new listings added to the market. Despite this growth, demand remains high, keeping New Hanover County firmly in seller’s market territory.

Homes are selling for close to asking price, with the sale-to-list price ratio at 97.8%. Sellers are still in a strong position but may need to be more strategic with pricing as buyers gain a few more options.

Price Trends by Home Size

• 3-bedroom homes: Median price $415,300 (+5.2% YoY)

• 4-bedroom homes: Median price $615,300 (+2.8% YoY)

• 5+ bedroom homes: Median price $776,500 (-3.8% YoY)

Larger homes are seeing some price adjustments, but demand for mid-sized homes remains very strong.

Spotlight on Wilmington

In Wilmington specifically, the average home value rose to $410,931, a 1.6% increase year-over-year. Homes are moving even faster here, with a median of just 17 days to pending and a median list price of $443,000.

What It Means for Buyers and Sellers

• For buyers: More inventory means more options — but homes are moving fast. If you find the right fit, be ready to act quickly.

• For sellers: Pricing right is still critical. Although demand is strong, today’s buyers have more choices than they did a year ago.

Bottom Line

The New Hanover County real estate market remains robust, with rising prices, fast-moving inventory, and strong buyer demand. As we head deeper into the spring selling season, conditions continue to favor sellers — but with more listings hitting the market, buyers are gaining ground too.

If you're considering making a move, partnering with a local expert who understands these shifting dynamics can make all the difference.

Want a personalized update for your neighborhood or your home? Reach out — I'd love to help you navigate this exciting market!