Real Estate Market Update for Wilmington, DE
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 19% from one year earlier, and down 10% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 19%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 210-thousand dollars. The number of units sold decreased 24% year-over-year, and decreased 9% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Wilmington, DE
Area Information for Wilmington, DE
  • Population: 73,356
  • Median Age: 36.4 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 6,727/sq mi
  • Population Change Since 2000: .64%
  • Closest Airport: New Castle
  • Closest College: Delaware State University-wilmington
  • Closest Jr. College: Delaware College Of Art And Design
  • Median Household Income: $43,528
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $82,690
  • Closest Major Sports Team: Wilmington Blue Rocks (a)
  • Change Avg. Household Income Since 2000: 29.92%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Wilmington, DE
Median Age: 36.4 Married: 21% Number of Households: 29,691 Households with Children: 7,393
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Wilmington, DE

      School Name Distance Type Grades School Rating Parent Rating
      Tower Hill School 0.3 mi Private PRESCHOOL-12 0 0
      St Ann School 1.0 mi Catholic PRESCHOOL-8 0 0
      St Anthony School 1.3 mi Catholic PRESCHOOL-8 0 0
      Dupont (alexis I.) High School 1.3 mi Public 9-12 2 3
      Odyssey Charter School 1.4 mi Public K-12 5 0
      Harvest Christian Academy - Wilmington 1.4 mi Private PRESCHOOL-7 0 0
      Zion Early Education Center 1.5 mi Private PRESCHOOL-K 0 0
      Padua Academy 1.6 mi Catholic 9-12 0 4
      Wilmington Friends School 1.6 mi Private PRESCHOOL-12 0 0
      Ursuline Academy 1.6 mi Catholic PRESCHOOL-12 0 0
      Salesianum School 1.7 mi Catholic 9-12 0 0
      Lewis (william C.) Dual Language Elementary School 1.8 mi Public PRESCHOOL-5 1 0
      Astra Zeneca Child Development Center 1.8 mi Private PRESCHOOL-K 0 0
      Warner Elementary School 1.9 mi Public 3-5 0 0
      High Road School Of Delaware 1.9 mi Private 4-12 0 0
      Nativity Preparatory School Of Wilmington 1.9 mi Catholic 5-8 0 0
      The Tatnall School 1.9 mi Private PRESCHOOL-12 0 0
      Calloway (cab) School Of The Arts 2.0 mi Public 6-12 5 4
      Charter School Of Wilmington 2.0 mi Public 9-12 0 4
      First State School 2.0 mi Public K-12 0 0
      Baltz (austin D.) Elementary School 2.0 mi Public PRESCHOOL-5 1 0
      Sharon Temple Adventist Elementary School 2.2 mi Private K-8 0 0
      St. Elizabeth High School 2.2 mi Catholic PRESCHOOL-12 0 4
      St Elizabeth Elementary School 2.2 mi Catholic PRESCHOOL-6 0 0
      All Saints Catholic School 2.2 mi Catholic PRESCHOOL-8 0 0
      Freire Charter School 2.2 mi Public 8-11 0 0
      Shortlidge (evan G.) Academy 2.2 mi Public K-2 0 0
      St Peter Cathedral School 2.3 mi Catholic PRESCHOOL-8 0 0
      Delaware College Preparatory Academy 2.3 mi Public K-5 0 0
      St Mary Magdalen School 2.4 mi Catholic PRESCHOOL-8 0 0
      Vision Learning Center 2.4 mi Private PRESCHOOL-K 0 0
      Lombardy Elementary School 2.4 mi Public K-5 4 0
      Academia Antonia Alonso 2.4 mi Public K-2 0 0
      Great Oaks Charter School 2.4 mi Public 6-8 0 0
      Kuumba Academy Charter School 2.4 mi Public K-6 2 0
      Montessori Learning Centre 2.4 mi Private PRESCHOOL-K 0 0
      Alternative School 2.4 mi Private 9-10 0 0
      Dupont (pierre S.) Middle School 2.4 mi Public 6-8 4 0
      First State Montessori Academy 2.5 mi Public K-7 0 0
      Howard High School Of Technology 2.6 mi Public 9-12 1 4
      St Michael's School And Nursery Inc 2.6 mi Private PRESCHOOL-2 0 0
      Gateway Lab School 2.7 mi Public 3-8 0 0
      Harlan (david W. ) Elementary School 2.7 mi Public K-5 1 0
      Bancroft Elementary School 2.7 mi Public PRESCHOOL-5 0 0
      Sarah Pyle Academy 2.7 mi Public 9-12 0 0
      Educational Enrichment Center Inc 2.7 mi Private PRESCHOOL-PRESCHOOL 0 0
      Elementary Workshop Montessori School 2.8 mi Private PRESCHOOL-4 0 0
      Concord Preschool And Childcare 2.9 mi Private PRESCHOOL-K 0 0
      Edison (thomas A.) Charter School 2.9 mi Public K-8 1 0
      Urban Promise School 3.0 mi Private PRESCHOOL-6 0 0
      Prestige Academy 3.0 mi Public 5-8 1 0
      Brandywine Valley Christian Preschool 3.0 mi Private - 0 0
      Marbrook Elementary School 3.0 mi Public PRESCHOOL-5 2 0
      Beacon Of Hope Day Care 3.1 mi Private PRESCHOOL-1 0 0
      Albert Einstein Academy 3.1 mi Private K-5 0 0
      East Side Charter School 3.2 mi Public PRESCHOOL-8 1 0
      Richardson Park Learning Center 3.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      Delaware Military Academy 3.3 mi Public 9-12 0 4
      Elbert Palmer Elementary School 3.3 mi Public PRESCHOOL-5 0 0
      Conrad Schools Of Science 3.3 mi Public 6-12 5 4
      Immaculate Heart Of Mary 3.4 mi Catholic PRESCHOOL-8 0 0
      Springer Middle School 3.4 mi Public 6-8 3 0
      Brandywine High School 3.7 mi Public 9-12 2 3
      Mote (anna P.) Elementary School 3.8 mi Public PRESCHOOL-5 1 0
      The Pilot School 3.9 mi Private K-8 0 4
      Richey Elementary School 3.9 mi Public K-5 2 0
      Delcastle Technical High School 3.9 mi Public 9-12 2 3
      Mount Pleasant High School 3.9 mi Public 9-12 4 3
      Faith Preschool And Child Care 4.0 mi Private PRESCHOOL-K 0 0
      Brandywine Springs School 4.2 mi Public K-8 5 0
      Carrcroft Elementary School 4.3 mi Public K-5 2 0
      Mckean (thomas) High School 4.4 mi Public 9-12 0 3
      Mount Pleasant Elementary School 4.5 mi Public K-5 2 4
      Hanby Elementary School 4.5 mi Public K-5 3 0
      Charles W Bush School 4.5 mi Public PRESCHOOL-K 0 0
      Wilmington Junior Academy 4.7 mi Private PRESCHOOL-8 0 0
      St John The Beloved School 4.7 mi Catholic PRESCHOOL-8 0 0
      Forwood Elementary School 4.8 mi Public K-5 3 0
      Centreville Layton School 4.9 mi Private PRESCHOOL-12 0 0
      Layton Preparatory School 4.9 mi Private 9-12 0 0
      Children S House Montessori 5.0 mi Private PRESCHOOL-K 0 0
      Concord High School 5.2 mi Public 9-12 4 4
      Stanton Middle School 5.3 mi Public 6-8 0 0
      St Mark's Prekindergarten & Kindergarten 5.3 mi Private PRESCHOOL-K 0 0
      St Edmond's Academy 5.4 mi Catholic PRESCHOOL-8 0 0
      The Central School 5.5 mi Public 6-12 0 0
      Developing Minds Preschool And Learning Center 5.5 mi Private PRESCHOOL-K 0 0
      Dickinson (john) High School 5.6 mi Public 6-12 3 3
      International Montessori School 5.8 mi Private PRESCHOOL-K 0 0
      Wilmington Montessori School 5.8 mi Private PRESCHOOL-6 0 4
      Kinder Care Learning Center Naamans 5.9 mi Private PRESCHOOL-PRESCHOOL 0 0
      Lancashire Elementary School 5.9 mi Public K-5 4 0
      Concord Christian Academy 6.2 mi Private PRESCHOOL-12 0 0
      Tutor Time Learning Centers 6.4 mi Private PRESCHOOL-K 0 0
      Skyline Middle School 6.4 mi Public 6-8 1 0
      Heritage Elementary School 6.4 mi Public K-5 3 0
      Limestone Hills Day School 6.5 mi Private PRESCHOOL-K 0 0
      Linden Hill Elementary School 6.5 mi Public K-5 4 0
      St Mark's High School 6.8 mi Catholic 9-12 0 4
      Talley Middle School 6.9 mi Public 6-8 2 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Wilmington, DE
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.