Is Cedar Island, NC 28520 a buyer’s or seller’s market?
Cedar Island is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Cedar Island housing market right now
In the three months ending August 31, 2026, 0% of homes in Cedar Island, NC 28520 sold above their list price, the typical home went under contract in 97 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Within Carteret County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Salter Path 28575 (20% sold over asking) and Morehead City 28557 (12% sold over asking) are even more competitive.
Run the numbers for 28520
Nearby markets
Atlantic 28511Buyer’s market $253 /sq ftAtlantic Beach 28512Balanced $456 /sq ftBeaufort 28516Seller’s market $270 /sq ftDavis 28524Seller’s market $148 /sq ft Browse all markets →Where Cedar Island is
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Questions about Cedar Island real estate
Is Cedar Island a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Cedar Island, NC 28520 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cedar Island?
The typical home went under contract in 97 days in the latest three months.
Do homes in Cedar Island sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 88.8% of the list price.
What are property taxes in Cedar Island?
About 0.43% of a home’s value a year in Carteret County, or roughly $1,720 on a $400,000 home.
What is the median home price in Cedar Island?
The median sale price was $269,883 in the three months ending August 31, 2026, about $316 per square foot.
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More tools for 28520
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology