Is Wilmington, OH 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, OH
How much do homes in Wilmington, OH cost?
Median Sold Price
$259,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wilmington was $259,500 in March 2024, up 29.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $139.8K | $161.9K | +15.8% |
3 Bedrooms | $223.7K | $250K | +11.8% |
4 Bedrooms | $345K | $388.3K | +12.6% |
5+ Bedrooms | $255.5K | $325K | +27.2% |
Summary: Wilmington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 27.2%.
Housing Supply in Wilmington, OH
How many homes are available in Wilmington, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 39 | +8.3% |
Summary: The Wilmington real estate market had 39 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
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 remained the same, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Wilmington in March 2024, up by 120.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Wilmington, OH
How long does it take to sell a home in Wilmington, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 66 Days | +10.3% |
Summary: Homes in Wilmington had an average of 66 days on market in Mar 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Wilmington; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.