Is Wilmington Township, 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 Township has remained a Seller's Market.
Key Takeaway
Wilmington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wilmington Township, NC
How much do homes in Wilmington Township, NC cost?
Median Sold Price
$411,141
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wilmington Township have sold for 5% more than they did a year ago.
Summary: The median home sold price in Wilmington Township was $411,141 in April 2024, up 5% 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 | $275.4K | +6.6% |
| 3 Bedrooms | $359.9K | $385K | +7.0% |
| 4 Bedrooms | $527.3K | $575K | +9.0% |
| 5+ Bedrooms | $644K | $755K | +17.2% |
Summary: Wilmington Township 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 6.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9%, 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 Township, NC
How many homes are available in Wilmington Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,130 | 1,175 | +4.0% |
Summary: The Wilmington Township 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 Township 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 Township, 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 Township 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 Township, NC
How long does it take to sell a home in Wilmington Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 41 Days | +49.4% |
Summary: Homes in Wilmington Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 291 homes were sold in Wilmington Township; 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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