Is Wilmington, NC 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, NC
How much do homes in Wilmington, NC cost?
Median Sold Price
$409,102
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wilmington was $409,102 in March 2024, up 4.5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267K | $301K | +12.7% |
2 Bedrooms | $255K | $276.8K | +8.6% |
3 Bedrooms | $359.9K | $380K | +5.6% |
4 Bedrooms | $525K | $564.4K | +7.5% |
5+ Bedrooms | $641.5K | $752.5K | +17.3% |
Summary: Wilmington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
Wrightsville Beach | $1.2M | $1.5M | +25.0% |
Masonboro Township | $369.5K | $412K | +11.5% |
Harnett Township | $405.4K | $449.5K | +10.9% |
Wilmington | $391.4K | $409.1K | +4.5% |
Wilmington Township | $391.4K | $408.7K | +4.4% |
Housing Supply in Wilmington, NC
How many homes are available in Wilmington, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,031 | 1,101 | +6.8% |
Summary: The Wilmington real estate market had 1,101 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 34 | +21.4% |
2 Bedrooms | 168 | 182 | +8.3% |
3 Bedrooms | 505 | 535 | +5.9% |
4 Bedrooms | 256 | 259 | +1.2% |
5+ Bedrooms | 74 | 91 | +23.0% |
Summary: The Wilmington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 23%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
218 | 264 | +21.1% |
Asking Price vs. Sold Price
157 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Summary: A total of 264 homes were sold or pending in Wilmington in March 2024, up by 21.1% month-over-month. Of the 264 sold homes, 59% were sold under asking, 20% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 39 Days | +26.8% |
Summary: Homes in Wilmington had an average of 39 days on market in Mar 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
170 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During March 2024, 264 homes were sold in Wilmington; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.