Is Wilmington, NY 12997 a buyer’s or seller’s market?
Wilmington is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Wilmington housing market right now
In the three months ending August 31, 2026, 67% of homes in Wilmington, NY 12997 sold above their list price, the typical home went under contract in 29 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (112 days then) and the median sale price rose 82% to $809,650. Overall, Wilmington is more competitive than a year ago, so tougher for buyers.
Within Essex County, homes here sell faster than in 85% of the county’s ZIP codes, and sell more often over asking than in 95%.
Nearby, buyers who want less competition could look at Westport 12993 (0% sold over asking) or Moriah 12960 (0% sold over asking), while Keene Valley 12943 (100% sold over asking) is even more competitive.
Run the numbers for 12997
Nearby markets
Crown Point 12928Buyer’s market $224 /sq ftElizabethtown 12932Buyer’s market $255 /sq ftEssex 12936Seller’s market $236 /sq ftJay 12941Balanced $234 /sq ft Browse all markets →Towns like Wilmington nearby
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Questions about Wilmington real estate
Is Wilmington a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Wilmington, NY 12997 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Wilmington?
The typical home went under contract in 29 days in the latest three months.
Do homes in Wilmington sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 105.7% of the list price.
What are property taxes in Wilmington?
About 1.47% of a home’s value a year in Essex County, or roughly $5,880 on a $400,000 home.
What is the median home price in Wilmington?
The median sale price was $809,650 in the three months ending August 31, 2026, about $331 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology