Is Wilmington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wilmington has remained a Seller's Market.
Housing Prices in Wilmington, IL
How much do homes in Wilmington, IL cost?
Median Sold Price
$180,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wilmington was $180,000 in March 2024, down 5.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106.7K | $107.5K | +0.7% |
2 Bedrooms | $165.2K | $166.5K | +0.8% |
3 Bedrooms | $209K | $226K | +8.1% |
4 Bedrooms | $376.5K | $255K | -32.3% |
5+ Bedrooms | $325K | $273.5K | -15.8% |
Summary: Wilmington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 32.3%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
Wilmington Township | $188K | $180K | -4.3% |
Wilmington | $189.9K | $180K | -5.3% |
Custer Township | $295K | $275K | -6.8% |
Housing Supply in Wilmington, IL
How many homes are available in Wilmington, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 43 | +26.5% |
Summary: The Wilmington real estate market had 43 homes for sale in March 2024, a 26.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wilmington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Wilmington in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% were sold over asking.
Days on Market for Wilmington, IL
How long does it take to sell a home in Wilmington, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 39 Days | +14.4% |
Summary: Homes in Wilmington had an average of 39 days on market in Mar 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Wilmington; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.