Is Wilmington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wilmington has remained a Seller's Market.
Housing Prices in Wilmington, MA
How much do homes in Wilmington, MA cost?
Median Sold Price
$700,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wilmington was $700,000 in March 2024, up 3.4% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $412.5K | $422.5K | +2.4% |
2 Bedrooms | $537.5K | $652.4K | +21.4% |
3 Bedrooms | $650.5K | $675K | +3.8% |
4 Bedrooms | $812.5K | $844.7K | +4.0% |
5+ Bedrooms | $797.5K | $1.1M | +47.3% |
Summary: Wilmington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 47.3%.
Median Sold Price Compared To Nearby Cities
Tewksbury | $575K | $602.5K | +4.8% |
Billerica | $620K | $650K | +4.8% |
Reading | $768K | $800K | +4.2% |
Wilmington | $677K | $700K | +3.4% |
North Reading | $686.1K | $705K | +2.7% |
Housing Supply in Wilmington, MA
How many homes are available in Wilmington, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 32 | +45.5% |
Summary: The Wilmington real estate market had 32 homes for sale in March 2024, a 45.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The Wilmington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Wilmington in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 21 Days | -43.0% |
Summary: Homes in Wilmington had an average of 21 days on market in Mar 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Wilmington; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.