$3,741 Closing Credit*
$315,000
467 SqFt
1 Bed
•1 Full Bath
#100480595, Listing Office: Coastal Select Properties
Is Old Wilmington, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Old Wilmington was a Seller's Market.
Key Takeaway
Old Wilmington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Old Wilmington, NC
How much do homes in Old Wilmington, NC cost?
Median Sold Price
$480,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$45,000(-8.6%)
Key Takeaway
Homes in Old Wilmington have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Old Wilmington was $480,000 in November 2024, down 8.6% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $301K | $394K | +30.9% |
| 2 Bedrooms | $417.5K | $399K | -4.4% |
| 3 Bedrooms | $580K | $525K | -9.5% |
| 4 Bedrooms | $511K | $740K | +44.8% |
| 5+ Bedrooms | $715K | $874K | +22.2% |
Summary: Old Wilmington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.9%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 44.8%, and 5+ bedroom homes increased by 22.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Hemenway | $330K | $354.5K | +7.4% |
| The Bottom | $303.5K | $302.5K | -0.3% |
| Dry Pond / South Side | $293.5K | $280K | -4.6% |
| Old Wilmington | $525K | $480K | -8.6% |
Housing Supply in Old Wilmington, NC
How many homes are available in Old Wilmington, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Old Wilmington real estate market had 34 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Old Wilmington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Wilmington, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Old Wilmington in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Old Wilmington, NC
How long does it take to sell a home in Old Wilmington, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 41 Days | +117.1% |
Summary: Homes in Old Wilmington had an average of 41 days on market in Nov 2024, up by 117.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old Wilmington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Old Wilmington; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
