Market Intelligence · NC / Wilmington

Wilmington, NC 28409 Housing Market

Homes in Wilmington's 28409 ZIP are valued at $510,348, up 0.6% over the past year. The median list price stands at $582,500, with homes averaging 60 days on market as of September 2026.

Updated September 2026Median value$510K

The median home value in Wilmington, NC 28409 is $510K as of September 2026, up 0.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 28409 range

$470K to $551K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.6% over 12 months

Sep 2025$507K

Low $507KHigh $510K

Sep 2026$510K

The numbers

What is the 28409 housing market like?

As of September 2026

Typical home value

$510K

0.6%YoY

Median list price

$583K

0.4%MoM

Days on market

17.6%MoM

Homes for sale

127

1.6%MoM

Price cuts

24.5%

0.2%MoM

New listings

0.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

28409 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 28409 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 28409 rose 0.6%, per the Zillow Home Value Index.

Will home prices drop in 28409?

Zillow's forecast does not call for a drop: it expects typical home values in 28409 to rise 1.6% by September 2027, after a 0.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 28409 home prices compare?

28409$510,348
Wilmington$391,819
North Carolina$284,347
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Wilmington: 6 ZIPs; North Carolina: 718 ZIPs; United States: 26,262 ZIPs).

Context

The area has 127 homes for sale, with 56 new listings added as of September 2026. Nearly one in four listings carries a price cut, at 24.5% of the market. At 60 median days on market, homes are taking moderate time to sell. The slight year-over-year appreciation and high rate of price reductions suggest a market where sellers face real negotiation pressure and should time their listing carefully.

Monthly payment

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Home price

Down payment20% · $102,070

Term

Rate (%)

Human help

Licensed pros in 28409.

Primary seat

Jessica Pirone

Lic #C37105 NC

Buying or selling in coastal North Carolina? Based in Wilmington, you get our whole team, not just one agent. Sisters Rebecca Dawson and Jessica Pirone built Full Circle Real Estate on staging expertise, sharp marketing, and total transparency—so your home shows better, sells faster, and your offer stands out. We don't disappear after closing; a house is more than four walls, it's your next chapter, and we treat it that way. Real estate done differently.

Common questions

What people ask us.

What is the typical home value in 28409?

The typical home value in Wilmington's 28409 ZIP is $510,348 as of September 2026, up 0.6% from the prior year.

How many homes are currently for sale in 28409?

There are 127 homes for sale in the area as of September 2026, with 56 new listings added that month.

How long do homes typically stay on the market?

Homes in 28409 spend a median of 60 days on market as of September 2026.

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Nearby ZIP markets.

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