Is Wilmington, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilmington is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Wilmington has remained a Seller's Market.

Key Takeaway

Wilmington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Wilmington, MA cost?

Median Sold Price

$670,000

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$65,000(+10.7%)

Key Takeaway

Homes in Wilmington have sold for 10.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $320.1K$410K
+28.1%
2 $550K$512.5K
-6.8%
3 $585K$633K
+8.2%
4 $729K$785K
+7.7%
5+ $737.4K$709.9K
-3.7%

Median Sold Price Compared To Nearby Cities

Tewksbury
+13.2%
Reading
+10.8%
Wilmington
+10.7%
Billerica
+10.7%
Burlington
+10.7%

How many homes are available in Wilmington, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
10088-12.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 21
-50.0%
2 1216
+33.3%
3 4834
-29.2%
4 3432
-5.9%
5+ 45
+25.0%

Number of Homes Sold

Jun 2022Jul 2022%
3123-25.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilmington, you could pay more than the asking price. 82.6% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
17 Days15 Days-12.7%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wilmington are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Wilmington, MA

Wilmington, MA has 88 homes for sale to choose from. The inventory of homes for sale in Wilmington, MA between June 2022 and July 2022 decreased by 12%. Listings spent 15 days on the market in July 2022, and had a median list price of $670,000 during the same period. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 28.1%, 2 bedrooms properties became 6.8% more cheaper, 3 bedrooms properties prices increased by 8.2%, the cost of 4 bedrooms properties went up by 7.7%, the cost of 5 bedrooms properties went down by 3.7%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 50%, 2 bedrooms homes became 33.3% more available, the quantity of 3 bedrooms homes went down by 29.2%, 4 bedrooms homes became 5.9% less available, number of 5 bedrooms homes increased by 25%. In July 2022 more than 19 listings in Wilmington, MA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below.

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