Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28411 · Wilmington
November 1, 2026
(910) 395‑1000 · buddyblake.com
In 28411, one in six listings ended without selling
Of 924 listings that ended in 28411 over the last 12 months, 150 didn't sell. That's one in six, the same rate as the year before. The typical home that did sell went in 20 days, and the median sold price was $487,075.
Summary written October 30, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28411 · Wilmington over the last 12 months, the solid houses sold. The outlined ones expired or were canceled.
Priced right from day one: sold in a median 8 days. Needed price cuts: 62 days, and sold for 93.9% of the first price.
What waiting costs
| Property taxes | $124 |
| Homeowners insurance | $250 |
| Upkeep | $406 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $1,034 + mortgage |
About $1,034 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 125 days — roughly $4,259 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: New Hanover County rate 0.306 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates.
When contracts fall apart
Contracts that fell apart
14%
119 of about 882 before closing
Those homes that later sold
75%
24% never sold
Sold vs. first ask after a fall-through
96.1%
vs. 98.5% on the first contract
Days to sell after a fall-through
65
vs. 17 on the first contract
The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 62% · cash 21% · VA 8% · FHA 7%.
If you're selling
- Price it right from day one. Homes priced right at the start had a median 8 days on market.
- Above $1M, be careful. 42% of listings in that range didn't sell.
- Waiting has a cost. Listings that never sold typically sat 125 days, with a median price cut of 2.4%.
- Contracts fell apart 13% of the time, about one in eight. Most often that's inspection, appraisal or financing issues, based on general industry experience. Get ahead of those early.
If you're buying
- The typical sale closed at 98.3% of the first asking price, and 63% sold below first ask, so there's room to negotiate.
- The $300–400K range had the lowest didn't-sell rate at 7%. Homes that sit longer than typical may be worth a closer look.
- Financing is mostly conventional at 62%. Cash was 21%, VA 8% and FHA 7%.
Did you know?
- The median sold price in 28411 was $487,075.
- The typical home that sold went under contract in 20 days.
- For a $487,075 home, estimated carrying costs before mortgage run about $1,034 a month.
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For sellers
Listings that didn't sell
16%
up 0.9 pts from a year ago
150 expired or canceled vs 763 sold
Sold vs. first asking price
98.3%
about the same as a year ago
median sale price ÷ original list price
Sold below first asking
63%
share of homes that sold
Price cut on homes that didn't sell
2.4%
median — and they still didn't sell
For buyers
True days on market
20
down 1 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
1.7%
how far under the original price homes sold
Didn't sell, then sold on a relist
31%
of listings that didn't sell the first time
Median sold price
$490K
up 3.6% from a year ago
763 homes sold
The last 24 months
22% latest month · Oct 26
19 latest month · Oct 26
98.5% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 27 | 3 | 10% | 21 | 100.0% |
| $300–400K | 225 | 16 | 7% | 19 | 98.5% |
| $400–500K | 129 | 14 | 10% | 19 | 98.0% |
| $500–750K | 227 | 29 | 11% | 19 | 98.8% |
| $750K–1M | 76 | 33 | 30% | 27 | 98.8% |
| $1M+ | 79 | 55 | 41% | 49 | 96.3% |
ZIP 28411 · Wilmington housing market: quick answers
How long do homes take to sell in ZIP 28411 · Wilmington?
Homes that sold in ZIP 28411 · Wilmington over the last 12 months took a median of 20 days, counted from the day they were first listed (relists included). That's down 1 days from a year ago.
What do homes in ZIP 28411 · Wilmington sell for compared to the asking price?
The median home in ZIP 28411 · Wilmington sold for 98.3% of its first asking price in the last 12 months, and 63% of the homes that sold went for less than the original price. That's about the same as a year ago.
What percentage of homes listed in ZIP 28411 · Wilmington don't sell?
16% of homes listed in ZIP 28411 · Wilmington over the last 12 months expired or were canceled without selling — about 1 in 6 (150 didn't sell vs 763 sold). That's up 0.9 pts from a year ago. The homes that didn't sell had already cut their price a median 2.4%.
What is the median sold price in ZIP 28411 · Wilmington?
The median sold price in ZIP 28411 · Wilmington over the last 12 months was $490,000, across 763 homes sold. That's up 3.6% from a year ago.
What is my home worth in ZIP 28411 · Wilmington?
The median home in ZIP 28411 · Wilmington sold for $490,000 over the last 12 months (763 sales), up about 3.6% from $472,800 the prior 12 months. Your property's value depends on its size, condition, lot and street, and online estimates often disagree by a wide margin. Enter your address under "What's my home worth?" on the homepage to see what's for sale, under contract and sold around you, or call for a price built from the homes that actually compete with yours.
Are home prices in ZIP 28411 · Wilmington going down?
No — not at the median. Homes in ZIP 28411 · Wilmington sold for a median of $490,000 in the last 12 months, up about 3.6% from $472,800 the prior 12 months. Fewer homes sold (763 vs 795), and the median time on the market went from 21 to 20 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these ZIP 28411 · Wilmington housing market numbers come from?
Hive MLS listing and sales records for homes only (land excluded), covering the last 12 months and updated November 1, 2026. The figures refresh from the MLS every hour; "didn't sell" counts only expired and canceled listings. Compiled by Buddy Blake Team, Coldwell Banker Sea Coast Advantage.
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired or were canceled — withdrawn and on-hold listings are not counted (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated November 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000