NC · Metro #174

Wilmington - NC housing market

The Wilmington metro has a typical home value of $445,018, down 1.0% from a year ago. Homes sell in 23 days on average - a balanced market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$445,018
-1.0% vs. year ago
Median sale price
$454,423
+3.7% YoY
Median list price
$511,633
Sale-to-list ratio
97.5%
Selling below ask
Days on market
23d
Listings w/ price cut
24.3%
New listings / mo
562
-4.1% YoY
Homes for sale
1,715
+8.8% YoY
Typical rent
$1,679/mo
+1.9% YoY
Context

How to read this data

The typical home value ($445,018) is the Zillow Home Value Index for the Wilmington - NC metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 1.0% over the past year. A home worth $449,513 last year is now worth roughly $445,018.

The median sale price , what homes actually close for , is $454,423. Homes are selling at 97.5% of list price, meaning buyers have room to negotiate.

Homes listed in Wilmington - NC sit on the market for roughly 23 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 562 new listings hit the market each month in Wilmington - NC. There are currently 1,715 homes for sale, up 8.8% from a year ago.

The typical monthly rent in Wilmington - NC is $1,679, up 1.9% year over year. For investors, the price-to-rent ratio here is roughly 22x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in NC

MetroHome value1-yr changeDays on market
Charlotte - NC$388,846 -0.5% 23.0d
Raleigh - NC$438,344 -2.3% 20.0d
Greensboro - NC$264,302 +1.2% 21.0d
Winston - NC$281,131 +2.8% 19.0d
Durham - NC$411,727 -1.7% 17.0d
Fayetteville - NC$257,381 +0.6% 24.0d
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