Wilmington NC Real Estate Market Update August 2026

Hey, everyone. Welcome to another market update. Hi. My name is Brian Schrader. I'm with the Coastline NC real estate team at Blue Coast Realty Corporation down here in Coastal North Carolina. We haven't done an update in a while. I do apologize. It's been a pretty active market here in 2026. Today is 08/15/2026. So we are going to look at this update is going to be on the Wilmington area in New Hanover County. So let's take a look at some of the trends. Let's take a look at some of these chart charts and see kinda where the market is heading, so to speak. So this is the chart here. The data here goes back to 2023. You can get some really good trend lines to see where things have, gone in the past and see try to predict where they're heading in the future. But this is a snapshot of the average price point on a single family home. It looks like it kinda flattened out for a little bit there for about a year and looks like it's ticking back up. But these are single family homes here, in the Wilmington NC area. Townhouses, it's kinda looking like they've, have a very similar trend as well as far as the average price point. And then we also did a chart on the, average price point for condos here in the area. But we're gonna take a look, and here's the overall market for New Hanover County, which is basically Wilmington for the most part. You'll see that there's the number of closed sales that ticked up here over the past year. Months of housing supply has creeped up to around 3.7, which is a pretty, you know, typical range of housing supply, in a in a decent market. You know? The market's not suppressed at all. It's not it's kinda tilted from a seller's market into a more of a medium type of marketplace. You could see here also that the average list price to what people are getting, you know, back in the day, going back to, you know, a couple years, it was like a 100%. It was over asking. But now you're trying to look at this chart here. You'll see that around 97% of list price are what people are getting on average in the Wilmington area as far as, you know, negotiations and whatnot. Now don't get me wrong. Can you find yourself in a multiple offer situation? Absolutely. We've had a couple this year already, but just know it's not as, you know, crazy as it was, like, two years ago for sure. But the the the thing that's really helping us out with that or helping buyers out with that is days on market has really crept up from, you know, things were flying off the market back in, you know, a couple years back. And now it's, you know, sixty days average, days on market. So that's the Wilmington, you know, marketplace price per square foot. If you like to look at those numbers here, we're sitting around $3.11 per square foot here in the Wilmington, NC area. And then if you want to, we could take a look. Sometimes I like to do it. Wilmington, not as much as some of the other areas like Brunswick County and Pinder County, but you can also break it down as far as the price per square foot. New construction is around $2.91, and then resale properties are around $3.14. So you're seeing that a lot of that's kinda skewed. It depends on, you know, what neighborhoods, the quality construction. A lot of new construction, in in Wilmington proper, so to speak, is, from the smaller square foot homes, some of the national builders like Doctor Horton and Ryan and whatnot. So you don't you don't get a whole lot of that custom price per square foot that's being applied into that that data. But, that's a difference right there in new construction and pre owned. But, if you guys have any questions about, you know, the marketplace here in the Wilmington area, I'm gonna do a couple more updates. One on Leeland, Hampstead. Probably do on Southport and Lower Brunswick County. But, again, I've been doing real estate down here since around 2005. I've lived here since '96. So feel free to give me a call here at the number. Again, it's Brian Schrader with the Coastline NC Real Estate Team at Blue Coast Realty Corporation, and we hope to see you guys here on the next market update. Take care now.