Is Wilmington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Wilmington was a Seller's Market.
Key Takeaway
Wilmington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wilmington, MA
How much do homes in Wilmington, MA cost?
Median Sold Price
$700,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wilmington have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Wilmington was $700,000 in April 2024, up 3.8% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $430K | +3.6% |
| 2 Bedrooms | $565K | $647.5K | +14.6% |
| 3 Bedrooms | $650.5K | $682.5K | +4.9% |
| 4 Bedrooms | $825K | $825K | 0.0% |
| 5+ Bedrooms | $815K | $1.1M | +44.2% |
Summary: Wilmington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 44.2%.
Median Sold Price Compared To Nearby Cities
| Billerica | $619.8K | $650K | +4.9% |
| Reading | $766K | $803K | +4.8% |
| Tewksbury | $575.9K | $601.2K | +4.4% |
| Wilmington | $674.1K | $700K | +3.8% |
| North Reading | $682.5K | $705K | +3.3% |
Housing Supply in Wilmington, MA
How many homes are available in Wilmington, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 49 | +48.5% |
Summary: The Wilmington real estate market had 49 homes for sale in April 2024, a 48.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 19 | 26 | +36.8% |
| 4 Bedrooms | 7 | 14 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wilmington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilmington, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Wilmington in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Wilmington, MA
How long does it take to sell a home in Wilmington, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +22.5% |
Summary: Homes in Wilmington had an average of 20 days on market in Apr 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wilmington are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Wilmington; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
