Didn't sell
45%
about 1 in 2 · 19 expired or canceled vs. 23 sold
- Days to sell
- 21median, from the first day listed
- Sold vs. first asking
- 96.0%median sale ÷ original price
- Price cut, still didn't sell
- 2.4%median on listings that didn't sell
- Median sold price
- $350,00023 homes sold
45% of homes 50+ years old listed in Downtown (Wilmington) didn't sell over the last 12 months
19 listings of homes 50+ years old in Downtown (Wilmington) expired or were canceled over the last 12 months, against 23 that sold — about 1 in 2 didn't sell. Homes that sold went for a median 96.0% of their first asking price after 21 days on the market.
- Listings that didn't sell had cut their price a median 2.4% — and still didn't sell.
- They sat a median 180 days before they came off the market.
By first asking price
| Sold | Didn't sell | % didn't sell | Days to sell | vs. first ask | |
|---|---|---|---|---|---|
| Under $300K | 9 | 9 | 50% | 21 | 93.4% |
| $300–400K | 16 | 3 | 16% | 16 | 97.7% |
| $400–500K | 5 | 9 | 64% | 60 | 91.0% |
Questions sellers ask
How many homes 50+ years old don't sell in Downtown (Wilmington)?
19 listings of homes 50+ years old in Downtown (Wilmington) expired or were canceled over the last 12 months, against 23 that sold — about 1 in 2 didn't sell. Homes that sold went for a median 96.0% of their first asking price after 21 days on the market.
Why do listings fail to sell?
Usually price, condition or both. Homes priced right from day one sell faster and closer to their first price; homes that chase the market down with cuts often still don't sell.
Homes only, last 12 months. "Didn't sell" = the listing expired or was canceled. Days to sell count from the first day listed, including relistings. Totals only — no individual listing is shown. Source: Hive MLS data compiled by the Buddy Blake Team.