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Wilmington Metro

Wilmington Metro Market Report

Top 10 ZIPs by size — 7.4% mortgage rate — Updated 10/15/2026

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Listings Flow Ladder — Wilmington

Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Aug 31, 2026

the basin is fillingnet 180 listings/mo
balanced 4–6 mo3.0 mo
Faucet — new listings
1,474/mo
82% of normal (1,795) · trickle
Basin — active listings
3,818
62% of normal (6,195) · low
Months of supply
3 mo
derived — not published at this grain
Drain — closed sales
1,294/mo
78% of normal (1,663)
Net — faucet minus drain
+180/mo
filling
Reading
current
as of 2026-08-31
Compare against:
2015-01-01 to 2019-12-31 · 5 same-month points

How plugged is the drain? Two definitions, both ours, deliberately not reconciled.

  • 0%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
  • 22%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month

Closed sales over 24 months — two different numbers, deliberately not merged.

  • 56/mofall in the monthly rate (4%)— peak 1,349/mo (2026-07-31) to 1,294/mo now
  • 5,760transactions that did not happen— summed monthly shortfall vs the same-month normal, over 24 months below it (vs 2015-19 (COVID excluded))
  • rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
2026-08-31

Redfin market data (county + ZIP), via Lotvox. As of 2026-08-31. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). Aggregated over a fixed panel of 50 zips — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.

Tracked ZIPs
10
Avg Score
70
Avg Median
$335,688
Market
Balanced
Avg Composite
70/100
Avg Median Price
$335,688
Avg Rent
$1,552/mo
Avg Burden
25.1%of income

Buyer Leverage — Should I Buy in Wilmington?

51
Avg Buyer Score
66 ZIPs analyzed
Strong Buyer
3
Moderate
14
Balanced
32
Seller Favored
17
Strong Seller
0
Best for Buyers
28480Wrightsville Beach92
28449Kure Beach88
28428Carolina Beach85
28435Currie78
28401Wilmington78
Most Competitive
19808Wilmington20
19805Wilmington22
19801Wilmington29
19806Wilmington29
28478Willard30

BALANCED — Wilmington roughly fair, negotiate on a per-ZIP basis

21921
Elkton, Cecil
57
Median Price
$374,134
YoY
+1.6%
Payment Burden
29.4%
Buy vs Rent
Neutral
Days on Market
30
Supply
2.8 mo
Rent
$1,930
Val. Gap
-35.9%
21901
North East, Cecil
71
Median Price
$394,079
YoY
0.0%
Payment Burden
23.2%
Buy vs Rent
Neutral
Days on Market
25
Supply
2 mo
Rent
$1,845
Val. Gap
-20.7%
08318
Elmer, Salem
70
Median Price
$356,247
YoY
+2.2%
Payment Burden
27%
Buy vs Rent
Rent
Days on Market
28
Supply
3.4 mo
Rent
$1,228
Val. Gap
-50.3%
08070
Pennsville, Salem
71
Median Price
$279,573
YoY
+3.2%
Payment Burden
25.1%
Buy vs Rent
Neutral
Days on Market
47
Supply
3.2 mo
Rent
$1,183
Val. Gap
-45.6%
08079
Salem, Salem
64
Median Price
$236,880
YoY
+0.9%
Payment Burden
26.1%
Buy vs Rent
Buy
Days on Market
62
Supply
4.9 mo
Rent
$1,650
Val. Gap
-40.5%
08098
Woodstown, Salem
75
Median Price
$408,163
YoY
+3.4%
Payment Burden
22.8%
Buy vs Rent
Rent
Days on Market
25
Supply
1.9 mo
Rent
$1,262
Val. Gap
-44.8%
08069
Carneys Point, Salem
78
Median Price
$246,506
YoY
+2.5%
Payment Burden
24%
Buy vs Rent
Buy
Days on Market
37
Supply
4.4 mo
Rent
$1,950
Val. Gap
-18.8%
21911
Rising Sun, Cecil
70
Median Price
$399,969
YoY
+2.6%
Payment Burden
26.5%
Buy vs Rent
Rent
Days on Market
5
Supply
1.6 mo
Rent
$1,172
Val. Gap
-58.2%
21919
Earleville, Cecil
82
Median Price
$380,358
YoY
+1.9%
Payment Burden
22%
Buy vs Rent
Neutral
Days on Market
55
Supply
3.8 mo
Rent
$1,591
Val. Gap
+4.8%
19720
New Castle, New Castle
64
Median Price
$280,969
YoY
-0.3%
Payment Burden
24.6%
Buy vs Rent
Buy
Days on Market
35
Supply
1.9 mo
Rent
$1,709
Val. Gap
-18.4%

Every ZIP market page in Wilmington Metro (10)