Is Wilmington Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wilmington Township has remained a Seller's Market.
Housing Prices in Wilmington Township, NC
How much do homes in Wilmington Township, NC cost?
Median Sold Price
$413,973
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wilmington Township was $413,973 in May 2024, up 4.7% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $305.5K | +15.3% |
2 Bedrooms | $259.9K | $274.4K | +5.6% |
3 Bedrooms | $364.8K | $385.2K | +5.6% |
4 Bedrooms | $538.8K | $572.1K | +6.2% |
5+ Bedrooms | $645K | $765.5K | +18.7% |
Summary: Wilmington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
Wrightsville Beach | $1.2M | $1.6M | +28.4% |
Masonboro Township | $377.7K | $421.3K | +11.5% |
Harnett Township | $420.3K | $443.1K | +5.4% |
Wilmington Township | $395.4K | $413.9K | +4.7% |
Wilmington | $395.5K | $413.9K | +4.6% |
Housing Supply in Wilmington Township, NC
How many homes are available in Wilmington Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,208 | 1,265 | +4.7% |
Summary: The Wilmington Township real estate market had 1,265 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 25 | -16.7% |
2 Bedrooms | 179 | 186 | +3.9% |
3 Bedrooms | 583 | 599 | +2.7% |
4 Bedrooms | 316 | 344 | +8.9% |
5+ Bedrooms | 100 | 111 | +11.0% |
Summary: The Wilmington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 11%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
296 | 315 | +6.4% |
Asking Price vs. Sold Price
173 Homes Were Sold
Under Asking
79 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Summary: A total of 315 homes were sold or pending in Wilmington Township in May 2024, up by 6.4% month-over-month. Of the 315 sold homes, 55% were sold under asking, 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 49 Days | +76.7% |
Summary: Homes in Wilmington Township had an average of 49 days on market in May 2024, up by 76.7% compared to last year.
Breakdown of Home Sale Times
191 Homes Were Sold
Under 30 Days
75 Homes Were Sold
In 30 - 90 Days
49 Homes Were Sold
Over 90 Days
Summary: During May 2024, 315 homes were sold in Wilmington Township; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.