$10,000 Closing Credit*
$1,439,900
3,119 SqFt
4 Beds
•2 Full Baths, 1 Partial
#73308357, William LeTendre, Listing Office: LAER Realty Partners
Is Wilmington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Wilmington, MA
How much do homes in Wilmington, MA cost?
Median Sold Price
$740,500
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$68,050(+10.1%)
Key Takeaway
Homes in Wilmington have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Wilmington was $740,500 in September 2024, up 10.1% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $422.5K | $443K | +4.9% |
| 2 Bedrooms | $629.9K | $685.7K | +8.9% |
| 3 Bedrooms | $656K | $725K | +10.5% |
| 4 Bedrooms | $812.5K | $864.7K | +6.4% |
| 5+ Bedrooms | $879K | $1.1M | +34.2% |
Summary: Wilmington housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 34.2%.
Median Sold Price Compared To Nearby Cities
| Wilmington | $672.4K | $740.5K | +10.1% |
| Billerica | $626.7K | $665K | +6.1% |
| Tewksbury | $582K | $614K | +5.5% |
| North Reading | $675K | $694.8K | +2.9% |
| Reading | $800K | $784K | -2.0% |
Housing Supply in Wilmington, MA
How many homes are available in Wilmington, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 45 | +18.4% |
Summary: The Wilmington real estate market had 45 homes for sale in September 2024, a 18.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Wilmington housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
5 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 may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Wilmington in September 2024, down by 28.6% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +56.8% |
Summary: Homes in Wilmington had an average of 27 days on market in Sep 2024, up by 56.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 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 September 2024, 10 homes were sold in Wilmington; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
