Wilmington Housing Market Report March 2025•New Hanover County, North Carolina

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Housing Prices in Wilmington, NC

How much do homes in Wilmington, NC cost?

Housing Market Conditions

Is Wilmington, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Wilmington is a Seller's Market

Difference Since March 2024

Since last year, Wilmington has remained a Seller's Market.

Insight

Wilmington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$439,251$246/SqFt
+$26,560
+6.4%

Based on all homes sold in the last 12 months

Insight

Homes in Wilmington have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Wilmington was $439,251 in March 2025, up 6.4% from last year, and the median price per square foot was $246.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Masonboro Township
+9.3%
Wilmington Township
+6.6%
Wilmington
+6.4%
Wrightsville Beach
+3.3%
Harnett Township
+1.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$303.5K$305K
0.5%
2$277K$276.1K
-0.4%
3$380.2K$398.5K
+4.8%
4$572.2K$599.7K
+4.8%
5$763K$701K
-8.1%

Summary: Wilmington housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by 0.5%. The home price for 2 bedroom homes decreased by -0.4%. The home price for 3 bedroom homes increased by +4.8%. The home price for 4 bedroom homes increased by +4.8%. The home price for 5 bedroom homes decreased by -8.1%.

How does Wilmington, NC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Wilmington, NC

Housing supply in Wilmington, NC

How many homes are available in Wilmington, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,356Last MonthMar 2025
1,1832 months agoFeb 2025
+14.6 %
Change MoMFeb – Mar

Summary: The Wilmington real estate market had 1,356 homes for sale in Mar 2025, a 14.6 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
248Last MonthMar 2025
2042 months agoFeb 2025
+21.6 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
13237
+15.6%
2180206
+14.4%
3577656
+13.7%
4301348
+15.6%
593109
+17.2%

Summary: Wilmington housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +15.6%. The inventory for 2 bedroom homes increased by +14.4%. The inventory for 3 bedroom homes increased by +13.7%. The inventory for 4 bedroom homes increased by +15.6%. The inventory for 5 bedroom homes increased by +17.2%.

Asking Price vs. Sold Price

How much do homes in Wilmington, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price31 Homes

At Asking Price58 Homes

Under Asking Price159 Homes

Insight

If you're buying a home in Wilmington, you may be able to get a good deal. 64.1% of homes here sold below asking price last month.

Summary: A total of 248 homes were sold or pending in Wilmington in March 2025, up by 21.6% month-over-month. Of the 248 sold homes, 64% were sold under asking, 23% were sold at asking, and and 13% were sold over asking.

Days on Market for Wilmington, NC

How long does it take to sell a home in Wilmington, NC?

Breakdown of Home Sale Times

Under 30 Days146 Homes

30 – 90 Days47 Homes

Over 90 Days55 Homes

Insight

Many homes in Wilmington are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 248 homes were sold in Wilmington; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
50 DaysThis YearMar 2025
41 Days1 year agoMar 2024
+20.6 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Wilmington had an average listing age of 50 days in Mar 2025, up by 20.6% compared to the previous year.

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Newest Listings in Wilmington, NC

What homes are available in Wilmington, NC?

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Nearby markets

Popular Cities with Homes for Sale in North Carolina

MLS Disclaimers and Copyright

Based on information from Hive MLS, Doorify MLS, and Triad MLS Inc for the period 04/01/2023 - 04/01/2025

IDX Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2025, 11:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2025, 11:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2025, 11:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.