NC · Metro #174

Wilmington - NC housing market

The Wilmington metro has a typical home value of $449,100, down 0.4% from a year ago. Homes sell in 22 days on average, a balanced market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$449,100
-0.4% vs. year ago
Median sale price
$466,668
+6.9% YoY
Median list price
$515,000
Sale-to-list ratio
98.0%
Selling below ask
Days on market
22d
Listings w/ price cut
27.5%
New listings / mo
569
+0.2% YoY
Homes for sale
1,891
+4.1% YoY
Typical rent
$1,727/mo
+2.9% YoY
Context

How to read this data

The typical home value ($449,100) 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 0.4% over the past year. A home worth $450,904 last year is now worth roughly $449,100.

The median sale price , what homes actually close for , is $466,668. Homes are selling at 98.0% of list price, meaning buyers have room to negotiate.

Homes listed in Wilmington - NC sit on the market for roughly 22 days before going pending. Shorter = seller's market; longer = buyer's market.

About 27.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 569 new listings hit the market each month in Wilmington - NC. There are currently 1,891 homes for sale, up 4.1% from a year ago.

The typical monthly rent in Wilmington - NC is $1,727, up 2.9% 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$390,942 -0.4% 23.0d
Raleigh - NC$438,138 -2.1% 19.0d
Greensboro - NC$266,965 +1.5% 17.0d
Winston - NC$284,988 +2.6% 16.0d
Durham - NC$415,643 -2.1% 18.0d
Fayetteville - NC$259,738 +0.4% 20.0d
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