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Welcome to the Year in Review |
By the Numbers in New Hanover County in 2024
4015 homes sold
2990 single family, 534 condos, 446 townhomes, 45 manufactured
Compared to 2023: 4037 homes sold
2992 single family homes, 556 condos, 465 townhomes, 24 manufactured homes
Compared to 2022: 4976 homes sold
3655 single family homes, 719 condos, 559 townhomes, 48 manufactured
Compared to 2021: 6325 homes total sold
4585 single family, 1030 condos, 665 townhomes, 45 manufactured
Homes Prices (rounded off)
Average home sold $597k (highest ever in New Hanover County)
Average price per sq ft: $302 (highest ever in New Hanover County)
Compared to 2023: Avg price was $540k, avg per sq ft was $284
Compared to 2022: Avg price was $505k, avg per sq ft was $265
Compared to 2021: Avg price was $425k, avg per sq ft was $223
Lowest Prices on sold homes
Low priced deals seem like a thing of the past. There were only eleven homes that sold for under 100k.
In 2023, there were 18 that sold for less than 100k
In 2022, there were 22 that sold for less than 100k
In 2021, there were 40 that sold for less than 100k
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Lowest Price:
1010 Wright St, sold for 90k
The description for this 3 bed, 1 bath home mostly focused on the lot, because the house was likely a tear down. The siding for the house was asphalt shingle, so essentially they decided that roofing the side was the best option.
One of 2 that sold for less than 100k
If you include condos and townhouses there were 11 sold for under 100k
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Lowest Price Per Sq Ft:
207 Fairlawn, sold for $76 per sq ft
This 1700 sq foot home was in a nice area and looks great from the outside, the downside is that it caught fire and was wrecked inside.
Five that sold for under $100 psf
Eleven that sold under $100 psf if you include townhouses and condos
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Highest Prices on Sold Homes
Yet another big year for high end home sales. The highest sale in the history of the county occurred last year, a $13.9 million sale on Figure 8.
In 2024:
There were a record 347 homes that sold for over $1 million in 2024, compared to 283 that sold in 2023. There were 316 homes that sold for over $1 million in 2022.
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Highest Price:
102 Beach Rd S, sold for $13.9 million
Big, beautiful house on a half acre of oceanfront property on Figure 8 island. In the age of the internet, it only took a couple of clicks to answer the question who— the buyer is Herbert A. Allen III, the third generation president of Allen & Company, which specializes in corporate takeovers.
Nine sold for over $7 million
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Highest Price Per Sq Ft:
10 Surf Court, sold for $2543 per sq ft
This 4679 sq ft home sold for $11.9 million, oceanfront at Figure 8 Island. Features include gourmet kitchen, expansive decks, outdoor kitchen heated pool and a six passenger golf cart.
One of 14 that sold for over 1500 per sq ft |
Smallest Single Family Homes Sold last year
In 2024, there were 135 homes that sold that were under 1000 sq ft
In 2023, there were 120 homes that sold that were under 1000 sq ft
In 2022, there were 155 homes that sold that were under 1000 sq ft
In 2021, there were 162 homes that sold that were under 1000 sq ft
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Smallest:
911 Dock St, 501 sq ft
This two bed, 1 bath house was built in 1925, back when small homes were in vogue. Charming and cozy are words that come to mind. Sold for $230k
One of 14 single family homes sold that were under 700 sq ft
If you include condos and townhomes, there were 103 sales under 700 sq ft
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Largest homes sold
Despite all the hype about tiny homes, the average size of homes continues to remain high.
Over the last several years the average sold home has been around 2000 sq ft.
In 2024 there were 20 homes sold that were over 6000 sq ft
In 2023 there were 12 homes sold that were over 6000 sq ft.
In 2022 there were 16 homes sold that were over 6000 sq ft
in 2021 there were 33 homes sold that were over 6000 sq ft
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Largest:
1108 Shelter Cove, 8317 sq feet
This impressive Landfall home has six bedrooms, six and a half baths, and...a den, a family room, a great room, a living room, 3 bonus rooms, 2 offices, a gym, and a breakfast nook that is 16 x 16. Sometimes with these huge houses it seems like they run out of reasons to have rooms. It sold for $3.375 million.
There were a total of 20 over 6000 square feet, half of those were in Landfall |
Time it took to sell
There was a record set in 2022 of shortest average days on market for a sold home, that average
was just 21 days. Things have slowed down a bit, the average in 2024 was 48 days.
in 2024 there were 27 homes that took longer than a year to sell
In 2023, there were 14 homes that took longer than a year to sell
In 2022, there were 18 homes that took longer than a year to sell
In 2021, there were 41 homes that took longer than a year to sell
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Longest on Market:
545 Anchor Way, was on market 607 days
Like a lot of homes that sit on the market for a long time, this was very owner specific. The house had 4 garage bays totaling 1600 sq ft
There were sixteen homes that took longer than 500 days to sell.
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Age of Homes
There were 31 homes sold in 2024 that were built before 1900
There were 24 homes sold in 2023 that were built before 1900
There were 30 homes sold in 2022 that were built before 1900
On the other end of the spectrum, there were 519 new homes sold in 2024, up from 412 in 2023
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Oldest Home Sold:
111 S. 6th St, built in 1838
This home is described as maintaining historic integrity but modernizing where needed, which is what most people want in an older home. Among past occupants was Major James Reilly, an Irish Immigrant who commanded the last remaining garrison forces at Ft. Fisher. House sold for $759k, so it has held its value!
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Bedrooms & Bathrooms
Number of homes with more than 6 bedrooms: 38 (29 in 2023)
Home with the most bedrooms: 8 (see below)
Number of homes with more than 8 bathrooms: 7 (8 in 2023)
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Most Bathrooms:
423 S. Lumina
Most baths in a sold home goes to 423 S. Lumina, which had 10 bathrooms and sold for $9.25 million. That's close to a million per bathroom. They didn't have any good pictures of the bathroom, so you'll have to settle for the view that you get after using the bathroom. Sold for $9.25 million
One of 14 with over 7 bathrooms.
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Most Bedrooms:
Also won by 423 S. Lumina with 8 bedrooms. It had two more bathrooms than bedrooms. |
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Realtor Update (home and land sales in three county region).
Number of Realtors who made one sale in 2024: 3654
Number of Realtors who made one sale in 2023: 3548
Number of Realtors who made one sale in 2022: 3649
Number of Realtors who made over 10 sales in 2024: 770
Number of Realtors who made over 10 sales in 2023: 721
Number of Realtors who made over 10 sales in 2022: 849
Number of Realtors who made over $1 million in sales in 2024: 1969
Number of Realtors who made over $1 million in sales in 2023: 1852
Number of Realtors who made over $1 million in sales in 2022: 1987
Number of Realtors who made over $4 million in sales in 2024: 754
Number of Realtors who made over $4 million in sales in 2023: 682
Number of Realtors who made over $4 million in sales in 2022: 763
Click here to go to the full Year in Review
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