Is Wilmington, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wilmington has remained a Seller's Market.
Housing Prices in Wilmington, CA
How much do homes in Wilmington, CA cost?
Median Sold Price
$682,500
$559/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wilmington was $682,500 in April 2024, up 10.1% from last year, and the median price per square foot was $559.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $510K | $602.5K | +18.1% |
3 Bedrooms | $640K | $685K | +7.0% |
4 Bedrooms | $700K | $770K | +10.0% |
5+ Bedrooms | $862.5K | $815.5K | -5.4% |
Summary: Wilmington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
Wilmington | $620K | $682.5K | +10.1% |
The Harbor | $759K | $780.5K | +2.8% |
Housing Supply in Wilmington, CA
How many homes are available in Wilmington, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 29 | -6.5% |
Summary: The Wilmington real estate market had 29 homes for sale in April 2024, a 6.5% decrease 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 | 8 | 8 | 0.0% |
3 Bedrooms | 18 | 15 | -16.7% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Wilmington in April 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for Wilmington, CA
How long does it take to sell a home in Wilmington, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 27 Days | -8.6% |
Summary: Homes in Wilmington had an average of 27 days on market in Apr 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Wilmington; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.