Is Wilmington, NC 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.
Key Takeaway
Wilmington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilmington, NC
How much do homes in Wilmington, NC cost?
Median Sold Price
$411,592
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wilmington have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Wilmington was $411,592 in April 2024, up 5.4% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $306K | +17.7% |
| 2 Bedrooms | $258.2K | $275.6K | +6.8% |
| 3 Bedrooms | $360K | $385K | +7.0% |
| 4 Bedrooms | $526.8K | $574.7K | +9.1% |
| 5+ Bedrooms | $644K | $755K | +17.2% |
Summary: Wilmington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Wrightsville Beach | $1.2M | $1.5M | +27.1% |
| Masonboro Township | $371K | $420.6K | +13.4% |
| Harnett Township | $405K | $449.9K | +11.1% |
| Wilmington | $390.6K | $411.5K | +5.4% |
| Wilmington Township | $391.7K | $411.1K | +5.0% |
Housing Supply in Wilmington, NC
How many homes are available in Wilmington, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,130 | 1,175 | +4.0% |
Summary: The Wilmington real estate market had 1,175 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 33 | 0.0% |
| 2 Bedrooms | 182 | 183 | 0.5% |
| 3 Bedrooms | 548 | 573 | +4.6% |
| 4 Bedrooms | 273 | 285 | +4.4% |
| 5+ Bedrooms | 94 | 101 | +7.4% |
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 0.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 269 | 291 | +8.2% |
Asking Price vs. Sold Price
154 Homes Were Sold
Under Asking
65 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilmington, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 291 homes were sold or pending in Wilmington in April 2024, up by 8.2% month-over-month. Of the 291 sold homes, 53% were sold under asking, 22% were sold at asking, and 25% were sold over asking.
Days on Market for Wilmington, NC
How long does it take to sell a home in Wilmington, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 41 Days | +49.4% |
Summary: Homes in Wilmington had an average of 41 days on market in Apr 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
181 Homes Were Sold
Under 30 Days
64 Homes Were Sold
In 30 - 90 Days
46 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, 291 homes were sold in Wilmington; 62% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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