Wilmington, NC Real Estate Market Update (Closed Sales: Dec 2024–Dec 2025)

If you’re buying or selling in Wilmington, NC, the clearest picture of the market comes from what has actually closed, not just what’s active. Below is a data-driven snapshot of 4,158 closed home sales in Wilmington from December 6, 2024 through December 5, 2025.

This tells us where pricing really landed, how fast homes moved, and what buyers paid across different home types.

Quick Wilmington Market Snapshot (Last 12 Months)

Here’s what a “typical” closed sale looked like citywide:

  • Median sold price: $460,000

  • Median heated size: 1,782 sq ft

  • Median price per sq ft: $258.81/sf

  • Typical layout: 3 beds / 3 baths

  • Median year built: 1999

  • Median days on market: 26 days

Sold price range:

  • Lowest sale: $77,500

  • Highest sale: $12,750,000

Note: The high end includes rare luxury and unique properties, which widen the range.

Are Wilmington Homes Selling at Asking Price?

Pretty close — but buyers are negotiating modestly.

  • Median list-to-sold ratio: 97.18%

  • Average list-to-sold ratio: 96.27%

What this means: Most Wilmington homes are closing 2–4% under original list price, which points to a balanced market: pricing still matters, and buyers are paying attention to value.

Monthly Trends: Sales Volume and Pricing

Wilmington’s market showed normal seasonal shifts — but pricing stayed surprisingly steady.

Most active closing month:

  • April 2025 — 397 closings

Other high-volume months included May, August, October, and March.

Median prices held in the mid-$400Ks nearly all year:

  • Winter baseline around $445K–$450K

  • Spring/summer holding $450K–$468K

  • Fall firming slightly, peaking near $477,500 in November

  • A small holiday dip in early December (lower volume month)

Takeaway: Wilmington prices were very stable through 2025, with only mild seasonal lift.

What Buyers Paid by Bedroom Count

Wilmington remains a strong 3- and 4-bedroom market. Here’s how closed sales break down:

  • 2BR homes (592 sales):

    • Median price $309,500

    • Median size 1,064 sf

    • Median $276.76/sf

  • 3BR homes (2,095 sales):

    • Median price $412,000

    • Median size 1,616 sf

    • Median $258.38/sf

  • 4BR homes (1,087 sales):

    • Median price $630,000

    • Median size 2,488 sf

    • Median $250.55/sf

  • 5BR homes (242 sales):

    • Median price $815,000

    • Median size 3,134 sf

    • Median $248.72/sf

What this means:
As homes get larger, total prices rise sharply, but price per square foot softens slightly — which is typical of larger footprints.

Newer Homes Still Command a Premium

Grouping sales by build era shows how buyers are valuing age and condition:

  • 2010 and older (2,874 sales):

    • Median price $409,000

    • Median $258.38/sf

  • 2011–2015 (170 sales):

    • Median price $625,000

    • Median $259.28/sf

  • 2016–2020 (338 sales):

    • Median price $550,500

    • Median $253.59/sf

  • 2021–2025 (770 sales):

    • Median price $572,430

    • Median $261.81/sf

Takeaway:
Newer construction in Wilmington continues to earn a small but consistent premium per square foot, even when total prices don’t jump proportionally.

Market Momentum: What’s Happening Right Now?

To see the current direction, we compared the most recent quarter to the one before it:

Most recent 90 days (approx. Sep 6 → Dec 5, 2025):

  • 934 closings

  • Median sold price: $466,250

  • Median $258.66/sf

  • Median DOM 30 days

Prior 90 days:

  • 1,163 closings

  • Median sold price: $460,000

  • Median $257.45/sf

  • Median DOM 26 days

Interpretation:
Wilmington prices are flat to slightly up, and homes are still moving at a healthy pace. The slight DOM increase is typical for fall/early winter.

What This Means for Wilmington Buyers and Sellers

For sellers:

  • The market is steady, but pricing correctly matters more than ever.

  • Expect buyers to negotiate a bit if condition or pricing is off.

  • Homes that show well and are positioned right still close near list.

For buyers:

  • You’re not chasing runaway prices — Wilmington has been stable.

  • There’s room to negotiate on overpriced homes.

  • Newer homes still cost more per square foot, so weigh age vs location carefully.

Want a Neighborhood-Specific Market Read?

Citywide stats are useful, but neighborhood performance can vary a lot — from RiverLights to Landfall, Ogden, Downtown, and beyond. If you want a hyper-local pricing range for your specific area or home style, we can break the market down further.

Reach out anytime — we’re happy to help you buy smart or sell for top value in Wilmington.

 

Coastline NC Real Estate
www.coastlinencrealestate.com
(910-297-2475)