Is Wilmington, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Wilmington has remained a Seller's Market.
Housing Prices in Wilmington, NC
How much do homes in Wilmington, NC cost?
Median Sold Price
$409,906
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Wilmington was $409,906 in February 2024, up 5.6% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $258.5K | $300K | +16.1% |
2 Bedrooms | $250K | $275.8K | +10.3% |
3 Bedrooms | $358.7K | $381.3K | +6.3% |
4 Bedrooms | $521.4K | $564.4K | +8.2% |
5+ Bedrooms | $632.8K | $734K | +16.0% |
Summary: Wilmington housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
Wrightsville Beach | $1.2M | $1.4M | +16.7% |
Harnett Township | $398.6K | $454.7K | +14.1% |
Masonboro Township | $365K | $413.6K | +13.3% |
Wilmington | $388.1K | $409.9K | +5.6% |
Wilmington Township | $388.1K | $409.7K | +5.6% |
Housing Supply in Wilmington, NC
How many homes are available in Wilmington, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
921 | 1,013 | +10.0% |
Summary: The Wilmington real estate market had 1,013 homes for sale in February 2024, a 10.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 30 | +20.0% |
2 Bedrooms | 147 | 166 | +12.9% |
3 Bedrooms | 455 | 493 | +8.4% |
4 Bedrooms | 225 | 245 | +8.9% |
5+ Bedrooms | 69 | 79 | +14.5% |
Summary: The Wilmington housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 14.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
183 | 211 | +15.3% |
Asking Price vs. Sold Price
139 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 211 homes were sold or pending in Wilmington in February 2024, up by 15.3% month-over-month. Of the 211 sold homes, 66% were sold under asking, 23% were sold at asking, and 11% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 53 Days | +50.6% |
Summary: Homes in Wilmington had an average of 53 days on market in Feb 2024, up by 50.6% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
85 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During February 2024, 211 homes were sold in Wilmington; 43% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.