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LOCAL

New Hanover County home listings asked for more money in May гٸƵ see the current median price here

USA TODAY Network

The median home in New Hanover County listed for $589,494 in May, up 4.8% from the previous month's $562,500, an analysis of data from .

Compared to May 2023, the median home list price stayed the same asгٸƵ$589,500.

The statistics in this article only pertain to houses listed for sale in New Hanover County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at .

New Hanover County's median home was 1,915 square feet, listed at $308 per square foot. The price per square foot of homes for sale is up 8.1% from May 2023.

Listings in New Hanover County moved steadily, at a median 46 days listed compared to the May national median of 44 days on the market. In the previous month, homes had a median of 49 days on the market. Around 428 homes were newly listed on the market in May, a 1.4% increase from 422 new listings in May 2023.

The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.

Across the Wilmington metro area, median home prices rose to $577,500, slightly higher than a month earlier. The median home had 2,008 square feet, at a list price of $295 per square foot.

In North Carolina, median home prices were $424,950, a slight increase from April. The median North Carolina home listed for sale had 1,991 square feet, with a price of $221 per square foot.

Throughout the United States, the median home price was $442,450, a slight increase from the month prior. The median American home for sale was listed at 1,859 square feet, with a price of $233 per square foot.

The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from . Please leave any feedback or corrections for this story . This story was written by Ozge Terzioglu.