Is Wilmington, NC 28405 a buyer’s or seller’s market?

The Wilmington housing market right now

In the three months ending August 31, 2026, 14% of homes in Wilmington, NC 28405 sold above their list price, the typical home went under contract in 52 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 139 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold more slowly (19 days then) and the median sale price fell 2% to $419,818. Overall, Wilmington is less competitive than a year ago, which gives buyers more room.

Within New Hanover County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Wilmington ranks #193 of 424 NC ZIP codes with enough sales (score 33 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.