Is Wilmington Township, 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 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, NC
How much do homes in Wilmington Township, NC cost?
Median Sold Price
$408,701
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wilmington Township have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Wilmington Township was $408,701 in March 2024, up 4.4% 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 | $276.7K | +8.5% |
| 3 Bedrooms | $359.9K | $380K | +5.6% |
| 4 Bedrooms | $525K | $564.4K | +7.5% |
| 5+ Bedrooms | $641.5K | $752.5K | +17.3% |
Summary: Wilmington Township 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 8.5%, 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 Township, NC
How many homes are available in Wilmington Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,031 | 1,101 | +6.8% |
Summary: The Wilmington Township 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 Township 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
Key Takeaway
If you're buying a home in Wilmington Township, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Summary: A total of 264 homes were sold or pending in Wilmington Township 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 Township, NC
How long does it take to sell a home in Wilmington Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 39 Days | +26.8% |
Summary: Homes in Wilmington Township 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
Key Takeaway
Many homes in Wilmington Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 264 homes were sold in Wilmington Township; 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.
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