CITY OF WILMINGTON HOUSING MARKET DATA

There was an increase in total units sold in March, with 104 sold this month in City of Wilmington Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 52 units or 34%. The total number of active inventory this March was 203 compared to 151 in March 2024. This month's total of 203 is lower than the previous month's total supply of available inventory of 216, a decrease of 6%.

Last March, the median sale price for City of Wilmington Homes was $239,000. This March, the median sale price was approximately the same at $232,000. The current median sold price is 3% lower than in March 2024.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 2.0 months of supply available in City of Wilmington, compared to 1.7 in March 2024. That is an increase of 18% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 152 homes newly listed for sale in City of Wilmington compared to 107 in March 2024, an increase of 42%. There were 140 current contracts pending sale this March compared to 108 a year ago. The number of current contracts is 30% higher than last March.

In March, the average sale price in City of Wilmington was 98.5% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 43, higher than the average last year, which was 34, an increase of 26%.





FOCUS ON: CITY OF WILMINGTON HOUSING MARKET			MARCH 2025

Zip Code(s): 19805, 19802, 19801 and 19806
Units Sold 104	Active Inventory 203	Median Sale Price $232,000	Days On Market 43

Up 14% Vs. Year Ago	Up 34% Vs. Year Ago	Down -3% Vs. Year Ago	Up 26% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 104 sold this month in City of Wilmington Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 52 units or 34%. The total number of active inventory this March was 203 compared to 151 in March 2024. This month's total of 203 is lower than the previous month's total supply of available inventory of 216, a decrease of 6%.
		Median Sale Price Last March, the median sale price for City of Wilmington Homes was $239,000. This March, the median sale price was approximately the same at $232,000. The current median sold price is 3% lower than in March 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 152	Current Contracts 140	Sold Vs. List Price 98.5%	Months of Supply 2.0

Up 42% Vs. Year Ago	Up 30% Vs. Year Ago	No Change Vs. Year Ago	Up 17% Vs. Year Ago


		Months of Supply In March, there was 2.0 months of supply available in City of Wilmington, compared to 1.7 in March 2024. That is an increase of 18% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 152 homes newly listed for sale in City of Wilmington compared to 107 in March 2024, an increase of 42%. There were 140 current contracts pending sale this March compared to 108 a year ago. The number of current contracts is 30% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in City of Wilmington was 98.5% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 43, higher than the average last year, which was 34, an increase of 26%.


	City of Wilmington are defined as properties listed in zip code/s 19805, 19802, 19801 and 19806.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.