Is Wilmington Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilmington Township is a seller's market

Buyer's
Market

Difference Since May 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

$413,973

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,480(+4.7%)

Key Takeaway

Homes in Wilmington Township have sold for 4.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $265K$305.5K
+15.3%
2 $259.9K$274.4K
+5.6%
3 $364.8K$385.2K
+5.6%
4 $538.8K$572.1K
+6.2%
5+ $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
+28.4%
Masonboro Township
+11.5%
Harnett Township
+5.4%
Wilmington Township
+4.7%
Wilmington
+4.6%

Housing Supply in Wilmington Township, NC

How many homes are available in Wilmington Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,2081,265+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

# BEDSApr 2024May 2024CHANGE
1 3025
-16.7%
2 179186
+3.9%
3 583599
+2.7%
4 316344
+8.9%
5+ 100111
+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 2024May 2024CHANGE
296315+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilmington Township, you may be able to get a good deal. 54.9% of homes here sold below asking price last month.

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 2023May 2024CHANGE
27 Days49 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

Newest Listings in Wilmington Township, NC

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