Wilmington, NC Home Values & Market Trends

Real estate market trends reflect that there have been 3,660 transactions over the past year in Wilmington. The median value for residential home transactions that occurred over the previous year is $416,994.38. The number of current listings in Wilmington is 22, and the percentage of properties for sale in the city is 22.00%. Wilmington, NC currently has 27 properties in foreclosure, 2 bank owned properties, 15 properties headed for auction, and 22 properties for sale.

Wilmington, NC Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
28411

$ 392,501

$ 244/sqft

28409

$ 481,920

$ 189/sqft

28401

$ 370,050

$ 332/sqft

28403

$ 354,127

$ 198/sqft

28405

$ 420,000

$ 185/sqft

28412

$ 271,075

$ 188/sqft

Housing Market Summary for Wilmington, NC

Mar 2023February 2024Change
Median Listing Price$334K$406.5K21.70%
Median Sold Price$369.7K$406.5K9.96%
Homes For Sale2222-
Homes Sold2,1761,999-8.13%
Price
$/Sqft
Homes For Sale
0
0

Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

0
0

Browse Homes in Wilmington, NC

Wilmington home values range from $23,833 to $45,521,413. The median estimated value of a home in Wilmington is $416,994.38. The median list price of a home is 351,500, and the total count of properties in the city is 76,437.

Foreclosure
There are 6 zips within Wilmington, NC; within these zips, the median estimated home value for homes in foreclosure ranges from $449,311 in 28401 to the lowest value of $242,749 in 28401. Foreclosure homes account for 0.00% of properties in Wilmington, NC with 28405 containing 8 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.01% of all residential properties in Wilmington, NC with 28405 containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 6 zips within Wilmington, NC; of those zips, the estimated home value for pre-foreclosure homes ranges from $412,750 in 28409 to the lowest home value of $297,995 in 28405.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Wilmington, NC ranges from the highest value of $482,979 in 28409 to the lowest value of $275,600 in 28401. Bank owned homes and properties account for 0.00% of properties in Wilmington, NC. There are 6 zips within Wilmington, NC; 28409 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    28412 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Wilmington, NC. Auction homes and other auction properties account for 0.02% of all properties in Wilmington, NC. There are 6 zips within Wilmington, NC; of those zips, the median estimated home value for homes going to auction ranges from $699,900 in 28403 to the lowest value of $242,749 in 28403.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.03% of residential properties in Wilmington, NC with 28411 containing 7 homes for sale, the highest number of listed properties in a single zip. There are 6 zips within Wilmington, NC; homes for sale in those zips, have a range of median values from $483,841 in 28409 to the lowest value of $50,155 in 28411.
    Sold Homes
    The median value for recently sold homes ranges from $2,995,000 in 28405 to the lowest price of $33,004 in 28405. There are 6 zips within Wilmington, NC. 28412 has 415 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.51% of properties in Wilmington, NC.

      Compare Nearby Cities

      Price
      $/Sqft
      Homes For Sale
      0
      0
      Wilmington, NC
      $
      $

      Guide for Wilmington, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent
      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent
      Raleigh Real Estate Grows in 2023: Overview and Comparison to Neighboring Markets
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.

      Charlotte’s Real Estate Market Sees Incremental Rise Amidst Fluctuations in 2023
      Buy to Rent|posted 12 February 2024

      This blog post explores the varying property values and real estate trends in Charlotte, North Carolina and its surrounding areas within a span of a year. The analysis provides insights into median property values, square foot prices, sold properties, foreclosures, market health, and local submarkets.

      Raleigh Real Estate Grows in 2023: Overview and Comparison to Neighboring Markets
      Buy to Rent|posted 6 February 2024

      Raleigh’s real estate market in 2023 displays robust growth with increased average property values and sold prices. However, contrasting trends in neighboring cities such as Zebulon, Youngsville, Wilson, and Yanceyville underline the need for thorough market understanding for real estate investments.