Homes for Sale in Wilmington
Wilmington Real Estate & Homes for Sale in Delaware
The historic city of Wilmington is perhaps the largest bedroom community on the eastern seaboard. Located almost at the midpoint between Boston and Richmond, the city offers easy access to several major metropolitan job centers, such as New York City, Washington, D.C., Philadelphia, and Baltimore.
The largest municipality in the state and the largest on the Delmarva Peninsula, Wilmington is home to more than 73,100 residents. More than half of the Fortune 500 companies call the Wilmington area home and the city is often called the "Corporate Capital of the World." From kindergarten to college, Wilmington offers quality education focusing on employment opportunities.
The city's park system is second to none. Outdoor enthusiasts can thank William Bancroft?a successful businessman who was passionately concerned with the preservation of open parkland?for more than 552 acres of picturesque green space in Wilmington, including Rockford Park and Brandywine Park. The du Pont family had enormous influence in early Wilmington. In fact, the E.I. du Pont de Nemours Mansion and Gardens, Winterthur, Hagley Museum and Longwood Gardens showcase the rich historic legacy of the du Pont family.
Wilmington offers many real estate options, with extraordinary Victorian townhouses downtown; high-rise condominiums or attractive single-family homes in friendly neighborhoods including Fairfax, Talleyville and Alapocas; and expansive luxury homes nestled in lush verdant hills.
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Price Range of Wilmington Houses
Wilmington's real estate market is diverse, offering affordable homes in numerous friendly neighborhoods punctuated by a fine collection of architectural styles. Many of the stable neighborhoods are made up of "vernacular" row houses accentuated by period architecture. Prices range from $100,000 to more than $3 million for large estate properties in select areas in and around Wilmington. Cool Spring features Victorian-style row homes also within the $150,000 to $300,000 range. Two-story brick starter homes selling for $150,000 to $200,000 are popular choices in McDaniel Crest. Fairfax, Deerhurst, Graylyn Crest, Sharpley, Chalfonte, Lindamere, Talleyville, Bellefonte and Wawaset Park offer a mix of small, single-family homes to split level homes to ranch-style homes to townhouses from $200,000 to $1.5 million. Larger, Wilmington custom homes are available in Alapocas, Edenridge, Tavistock and Woodbrook priced from $350,000 to $550,000.
Wilmington Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $120,702 compared to $120,702 the previous week, to remain steady with no change in listing price. For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.