Altos Market Data for Realtors

Wilmington, NC

Single-Family Homes

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Wilmington, NC

Thu Oct 28 2021
This week the median list price for Wilmington, NC is $451,551 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has held steady at or around 325. Click here to stay informed with the Wilmington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Wilmington, NC

Thu Oct 28 2021
This week the median list price for Wilmington, NC is $451,551 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has held steady at or around 325. Click here to stay informed with the Wilmington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Wilmington market.
Median List Price $451,551
Median Price of New Listings $335,000
Per Square Foot $209
Average Days on Market 80
Median Days on Market 35
Price Decreased 23%
Price Increased 10%
Relisted 2%
Inventory 325
Median Rent $1,650
Market Action 56
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,150,000 3,593 0.5 - 1 acre 4 5 23 5 1 91
$569,000 2,715 0.25 - 0.5 acre 4 3 14 12 11 35
$379,900 2,146 8,000 - 10,000 sqft 4 3 16 19 15 28
$269,450 1,357 8,000 - 10,000 sqft 3 2 35 29 20 17