Is Wilmington, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilmington is a seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Wilmington, OH cost?

Median Sold Price

$167,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$2,500(-1.5%)

Key Takeaway

Homes in Wilmington have sold for 1.5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $112.5K$138K
+22.7%
3 $179.7K$170K
-5.4%
4 $175K$201.2K
+15.0%
5+ -$365K
N/A

How many homes are available in Wilmington, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
7968-13.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 1713
-23.5%
3 5345
-15.1%
4 89
+12.5%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
24240.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilmington, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
60 Days28 Days-52.1%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wilmington are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Wilmington, OH

Number of homes for sale in Wilmington, OH real estate market have reached 68. In October 2022 in Wilmington, OH there were 13.9% less homes for sale than in September 2022. In October 2022, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $167,000. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 22.7%, prices of 3 bedrooms properties decreased by 5.4%, prices of 4 bedrooms properties went up by 15%, the cost of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 23.5% less available, number of 3 bedrooms homes decreased by 15.1%, volume of 4 bedrooms homes went up by 12.5%, volume of 5 bedrooms homes stayed the same. In October 2022, from all listings sold in Wilmington, OH there were more than 4 sold above asking price, over 14 sold below and more than 6 were sold right at the asked price.