Is Wilmington Township, PA 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 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, PA
How much do homes in Wilmington Township, PA cost?
Median Sold Price
$359,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wilmington Township have sold for 47.8% more than they did a year ago.
Summary: The median home sold price in Wilmington Township was $359,000 in March 2024, up 47.8% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $154.5K | N/A |
| 3 Bedrooms | $242K | $305K | +26.0% |
| 4 Bedrooms | $243.7K | $368K | +51.0% |
| 5+ Bedrooms | - | $631K | N/A |
Summary: Wilmington Township 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 did not change, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 51%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wilmington Township | $242.8K | $359K | +47.8% |
| New Wilmington | $183K | $240K | +31.1% |
| New Wilmington | $230K | $240K | +4.3% |
Housing Supply in Wilmington Township, PA
How many homes are available in Wilmington Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Wilmington Township real estate market had 6 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wilmington Township 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wilmington Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Wilmington Township, PA
How long does it take to sell a home in Wilmington Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 103 Days | +59.3% |
Summary: Homes in Wilmington Township had an average of 103 days on market in Mar 2024, up by 59.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wilmington Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Wilmington Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
