28428 — New Hanover County, North Carolina Market Snapshot
Housing market data for zip code 28428 in New Hanover County, North Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
92 sales in 2026 (year to date)
Median Sale Price
$685,000
Days to Sell
82
Homes Sold
92
Inventory
253
Sale-to-List
97.2%
New Listings
195
Price/SqFt
$440
Pending Sales
121
Conforming Loan Available
The median home in 28428 at $685,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
With homes sitting for 82 days on average, 28428 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 28428 sells for 2.8% below asking price (97.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
The median home in 28428 at $685,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 28428 are set at the county level.
2026 Loan Limits — New Hanover County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 28428
To purchase the median home at $685,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,398.
Monthly Payment
$5,398
Income Required
$231,354
Principal & Interest
$4,221/mo
Down Payment (5%)
$34,250
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 28428.
Estimated Monthly Payment
$4,389
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