New Bern, NC 28562 Real Estate Market Report

ZIP Code: 28562
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in New Bern, NC, are averaging approximately 6.36% to 6.58% as of May 2026, reflecting a period of sustained upward pressure on borrowing costs for property owners in this market.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary indicator of recent transaction activity is the median sold price of $319,945, which reflects market value in May 2026 and sits alongside a year-over-year price trend that is up.

2. The median listing price of $397,450 sits above the median sold price of $319,945, a spread that may indicate pricing friction between seller expectations and realized transaction prices.

3. Liquidity appears muted given the prolonged median days on market of 244, which suggests slower sales velocity and gives buyers more time to negotiate on individual SFR and condo transactions.

4. Market context shows a neutral market temperature and rent trends that are flat while interest rate pressure is elevated—current mortgage conditions are described as averaging approximately 6.36% to 6.58%—so expect balanced-to-cautious buyer behavior and incremental sensitivity to financing costs.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

New Bern, NC 28562 Real Estate Market Report

ZIP Code: 28562
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in New Bern, NC, are averaging approximately 6.36% to 6.58% as of May 2026, reflecting a period of sustained upward pressure on borrowing costs for property owners in this market.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary indicator of market value is the median sold price of $354,415, which represents the recent transaction-level benchmark for SFR and condo sales in ZIP 28562 and should be used ahead of asking prices when assessing comps. neutral market context

2. Liquidity is muted: the median days on market of 363 points to materially slower sales velocity and extended marketing periods, which may indicate more negotiation time for buyers and caution for sellers managing expectations. slower sales velocity

3. Price structure shows a median price per square foot of $190, supporting modest appreciation trends while offering a clear per-foot benchmark for pricing and underwriting; combined with the price year-over-year trend reported as up, this suggests stable-to-rising valuation pressure on a per-unit basis.

4. Affordability and carrying-cost sensitivity are elevated: reported mortgage conditions show current 30-year fixed rates averaging approximately 6.36% to 6.58%, and interest rate pressure is characterized as elevated, which may cap buyer reach even as rents remain steady at a median market rent of $1,100 and rent year-over-year trend is flat.

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Notable Properties

The following 6 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.