Wilmington, NC Foreclosures
How much do homes sell for in Wilmington, NC?
The average home price is currently $592,135.
In Wilmington, NC, how many homes are available?
There are currently 42 active home listings available in Wilmington.
What’s the average rental cost in Wilmington, NC?
The average rental price in Wilmington is $1,461.
What is the most expensive home in Wilmington?
The most expensive home sold in Wilmington had a price of $126,468,176.
What is currently the cheapest priced home in Wilmington, NC?
The cheapest home for sale in Wilmington is priced at $13,923.
Living in Wilmington, NC
Wilmington, NC, is a vibrant coastal city known for its rich history, beautiful beaches, and thriving arts scene. The city offers a mix of family-friendly neighborhoods, a historic downtown area, and an abundance of outdoor activities. With a strong educational presence and numerous recreational options, Wilmington is an ideal place to live, work, and play.
Current Market Conditions in Wilmington, NC
The Wilmington real estate market remains robust, marked by a steady increase in home values over the past few years. Demand continues to rise, bolstered by the area’s desirable quality of life, growing job opportunities, and inflow of new residents from larger urban centers. This trend is expected to continue as more people seek to relocate to the coast for both lifestyle and investment purposes.
Recently, Wilmington has seen a diversification in home types available, appealing to different buyers, from beach cottages to luxurious waterfront properties. As the city continues to develop and expand, neighborhoods close to the beach and downtown are particularly popular, leading to stronger market competition.
Home Value Estimator For Wilmington, NC
There are currently 81,846 real estate properties
in Wilmington, NC,
with a median automated valuation model (AVM) price
of $408,658.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wilmington, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Wilmington, NC,
is $592,135.00, with the most expensive house
in Wilmington, NC, topping out
at $126,468,176.00 and the cheapest home
in Wilmington, NC,
clocking in at $13,923.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wilmington, NC!
Rent Prices
In Wilmington, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wilmington, NC, is on
a rollercoaster ride. The
average rent price in Wilmington, NC,
is $1,461.00. Indeed, when looking to rent in
Wilmington, NC, you can expect to pay as little
as $550.00 or as much
as $3,760.00,
with the average rent median estimated to
be $1,290.00. The good news is that finding
an affordable and desirable property to rent in Wilmington, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
