NC · Metro #174

Wilmington - NC housing market

The Wilmington metro has a typical home value of $446,210, down 0.7% from a year ago. Homes sell in 20 days on average - a balanced market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$446,210
-0.7% vs. year ago
Median sale price
$467,386
+7.1% YoY
Median list price
$520,000
Sale-to-list ratio
97.9%
Selling below ask
Days on market
20d
Listings w/ price cut
26.2%
New listings / mo
605
-0.7% YoY
Homes for sale
1,841
+6.8% YoY
Typical rent
$1,708/mo
+2.3% YoY
Context

How to read this data

The typical home value ($446,210) 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 0.7% over the past year. A home worth $449,355 last year is now worth roughly $446,210.

The median sale price , what homes actually close for , is $467,386. Homes are selling at 97.9% of list price, meaning buyers have room to negotiate.

Homes listed in Wilmington - NC sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 605 new listings hit the market each month in Wilmington - NC. There are currently 1,841 homes for sale, up 6.8% from a year ago.

The typical monthly rent in Wilmington - NC is $1,708, up 2.3% 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$390,321 -0.4% 20.0d
Raleigh - NC$438,364 -2.2% 16.0d
Greensboro - NC$266,370 +1.5% 16.0d
Winston - NC$283,871 +2.8% 14.0d
Durham - NC$414,340 -1.9% 14.0d
Fayetteville - NC$259,183 +0.6% 20.0d
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