Is Wilmington, NC 28401 a buyer’s or seller’s market?

The Wilmington housing market right now

In the three months ending August 31, 2026, 10% of homes in Wilmington, NC 28401 sold above their list price, the typical home went under contract in 69 days and there were 7.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 94 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold more slowly (39 days then) and the median sale price rose 9% to $385,333. Overall, Wilmington is less competitive than a year ago, which gives buyers more room.

Within New Hanover County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 78%. On our competition score, Wilmington ranks #334 of 424 NC ZIP codes with enough sales (score 19 out of 100).

Nearby, buyers who want less competition could look at Kure Beach 28449 (4% sold over asking) or Carolina Beach 28428 (6% sold over asking), while Wilmington 28411 (22% sold over asking) and Wilmington 28409 (21% sold over asking) are even more competitive.