March 2025: New Hanover County Residential Real Estate Market Update

🏖️ New Hanover Housing Market March 2025: Sunshine, Sales & Surprises! 🏡

Thinking of moving, selling, or investing? Here's your New Hanover County real estate update with all the juicy stats!

Hey, Wilmington friends and future neighbors! 🌴 Whether you’re sipping coffee and daydreaming about coastal living or plotting your next big real estate move, the March 2025 housing market in New Hanover County is full of eye-openers. Let’s break it all down with a touch of fun and a whole lot of helpful info.

📊 March 2025 Real Estate Recap

🏠 Metric 📈 March 2025 🔄 YoY Change

Active Listings 1,115 🔺 +29.8%

New Listings 556 🔺 +15.6%

Pending Sales 434 🔺 +10.4%

Closed Sales 326 🔻 -8.2%

Median Sales Price $462,486 🔺 +12.8%

Avg. Days on Market 62 🔺 +26.5%

Inventory Supply 3.42 months 🔺 +41.3%

🔍 What’s Really Going On?

🌟 Buyers: Inventory is Up—And That’s Good News!

More homes on the market means more choices! With 1,115 active listings (up 30% from last year), now’s your moment to make moves. But don't sleep on it—the good ones still go fast!

Looking to buy a home in New Hanover County? Get pre-approved and ready to tour!

💸 Sellers: Median Prices Are Still Climbing

That’s right, folks—the median sales price rose to $462K, up nearly 13% from March 2024. If you’ve been waiting for the perfect time to sell in the Wilmington area, this spring market is heating up like your favorite beach day. ☀️🏖️

🤔 What’s Up with Closed Sales Dropping?

Closed sales dipped just over 8%, likely a ripple effect from winter slowdowns and tighter lending. But don’t let that fool you—pending sales are up, which means we’ll likely see stronger closings in April.

📉 Long-Term Trends: Still Heading North!

Over the past 5 years, home prices in New Hanover have steadily climbed, and the region’s total sales volume is holding strong. This market has staying power. Whether you’re upsizing, downsizing, or relocating, New Hanover County real estate continues to be a solid investment.

✅ Final Thoughts: So... Should You Buy or Sell in New Hanover Right Now?

✔️ Buyers – With growing inventory and moderate time-on-market, you have options. Just make sure your financing is locked in.

✔️ Sellers – Prices are high and competition is climbing. Now’s a prime time to list.

✔️ Investors – Consistent growth = long-term win. 💼

📍 Powered by Cape Fear REALTORS® – your trusted voice of real estate in the Wilmington MSA.

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A reliable source for real estate market data provided by Cape Fear REALTORS®, compiled from NCRMLS.