The Real Estate Market - Claudia Assell

The Wilmington Market

28401
Zip code 28401 is primarily the downtown area, which includes the historic district and river walk. Here you’ll find a plethora of restaurants, wine bars and art galleries. Real estate in the area ranges from million dollar mansions to small homes in desperate need of repair. .

Month:

# Homes
Sold:

Avg.
List $:

Avg.
Sold $:

Avg. % of
List $:

Avg. Sold $/SF

Avg. Days
on Market:

Jan

$192,585

$184,569

92%

$117

Feb

$180,765

$172,025

97%

$130

110

Mar

$201,964

$187,536

93%

$127

Apr

$147,536

$138,162

94%

$119

May

TBD

28403
Zip code 28403, known as Midtown, is centrally located in Wilmington and home to UNCW as well as the Independence Mall. The popular neighborhood of Forest Hills, which boasts unique Tudor and colonial style homes, is also located here.

Month:

# Homes
Sold:

Avg.
List $:

Avg.
Sold $:

Avg. % of
List $:

Avg. Sold $/HSF

Avg. Days
on Market:

Jan

$372,764

$352,511

97%

$172

Feb

$258,967

$243,317

97%

$136

123

Mar

$321,236

$305,205

95%

$155

125

Apr

$322,615

$308,911

96%

$154

112

May

TBD

28405
Zip code 28405 is home to Landfall Country Club and Mayfair Town Center. Mayfair is a new development in Wilmington that includes residential real estate as well as outside shopping and dining. Landfall is Wilmington’s only totally private golf and tennis community.

Month:

# Homes
Sold:

Avg.
List $:

Avg.
Sold $:

Avg. % of
List $:

Avg. Sold $/HSF

Avg. Days
on Market:

Jan

$509,535

$466,675

98%

$176

113

Feb

$390,771

$384,233

96%

$155

100

Mar

$280,375

$270,174

96%

$138

Apr

$288,108

$276,511

96%

$141

134

May

TBD

28409
Zip code 28409, known as Masonboro, is popular because of it’s close proximity to the Intracoastal Waterway. It’s also within 15 minutes of the beaches and downtown.

Month:

# of
Homes Sold:

Avg.
List $:

Avg.
Sold $:

Avg. % of
List $:

Avg. Sold $/HSF

Avg. Days
on Market:

Jan

$400,189

$379,923

96%

$162

143

Feb

$284,690

$276,219

94%

$143

111

Mar

$301,965

$288,216

95%

$133

109

Apr

$306,986

$294,417

96%

$150

122

Jun

TBD

28411
Zip code 28411, known as Ogden, includes popular communities such as Bayshore Estates, Marsh Oaks, and Porters Neck Plantation. This area is just a hop, skip and jump away from Wrightsville Beach and Pender County.

Month:

# Homes
Sold:

Avg.
List $:

Avg.
Sold $:

Avg. % of
List $:

Avg. Sold $/HSF

Avg. Days
on Market:

Jan

$345,343

$334,757

97%

$151

112

Feb

$342,132

$334,784

97%

$153

142

Mar

$283,978

$274,347

97%

$144

105

Apr

$357,659

$337,192

94%

$155

100

May

TBD

28412
Zip code 28412, known as Monkey Junction, is a short drive to Carolina Beach, Cameron Art Museum and the Cape Fear River. Its name comes from a large monkey mascot used by a gas station there.

Month:

# Homes
Sold:

Avg.
List $:

Avg.
Sold $:

Avg. % of
List $:

Avg. Sold $/HSF

Avg. Days
on Market:

Jan

$274,896

$266,883

97%

$138

107

Feb

$264,479

$256,003

98%

$140

133

Mar

$258,715

$253,634

98%

$134

111

Apr

$258,257

$251,831

98%

$134

May

TBD

28443
Zip code 28443 is the city of Hampstead, located in Pender County. This area is rapidly growing and generally offers buyers more house for their dollar. Several popular communities here include Olde Point, Pelican Reef and Belvedere Plantation.

Month:

# Homes
Sold:

Avg.
List $:

Avg.
Sold $:

Avg. % of
List $:

Avg. Sold $/HSF

Avg. Days
on Market:

Jan

$375,270

$357,150

97%

$138

217

Feb

$320,695

$312,295

99%

$137

113

Mar

$321,684

$312,735

97%

$146

142

Apr

$287,142

$275,840

96%

$137

215

May

TBD

The Wilmington Market