Is Wilmington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Wilmington has remained a Seller's Market.
Housing Prices in Wilmington, IL
How much do homes in Wilmington, IL cost?
Median Sold Price
$155,000
$157/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Wilmington was $155,000 in April 2024, down 20.5% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.2K | $152K | +129.4% |
2 Bedrooms | $147K | $162.4K | +10.5% |
3 Bedrooms | $221K | $145K | -34.4% |
4 Bedrooms | $242.5K | $148K | -39.0% |
5+ Bedrooms | - | - | N/A |
Summary: Wilmington housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 129.4%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 34.4%, 4 bedroom homes decreased by 39%, and 5+ bedroom homes did not change.
Housing Supply in Wilmington, IL
How many homes are available in Wilmington, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 41 | -2.4% |
Summary: The Wilmington real estate market had 41 homes for sale in April 2024, a 2.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 9 | -25.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Wilmington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Wilmington in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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 2024 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 40 Days | +2.7% |
Summary: Homes in Wilmington had an average of 40 days on market in Apr 2024, up by 2.7% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Wilmington; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.