Is Wilmington Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wilmington Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Wilmington Township has remained a Seller's Market.

Key Takeaway

Wilmington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Wilmington Township, IL cost?

Median Sold Price

$188,500

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$3,500(+1.9%)

Key Takeaway

Homes in Wilmington Township have sold for 1.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $81.7K$270K
+230.3%
2 $150K$158.7K
+5.8%
3 $207.4K$211K
+1.7%
4 $215K$230K
+7.0%
5+ $178K$325K
+82.6%

Median Sold Price Compared To Nearby Cities

Wilmington
+4.9%
Reed Township
+3.0%
Wilmington Township
+1.9%
Braidwood
0.0%
Diamond
-4.0%

How many homes are available in Wilmington Township, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
2317-26.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 53
-40.0%
3 118
-27.3%
4 55
0.0%
5+ 10
-100.0%

Number of Homes Sold

Oct 2022Nov 2022%
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilmington Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
8 Days29 Days+234.6%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wilmington Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Wilmington Township, IL

There are 17 homes are for sale in Wilmington Township, IL real estate market. The inventory of homes for sale in Wilmington Township, IL between October 2022 and November 2022 decreased by 26.1%. In November 2022, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $188,500. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 230.3%, the cost of 2 bedrooms properties went up by 5.8%, the cost of 3 bedrooms properties went up by 1.7%, prices of 4 bedrooms properties increased by 7%, the cost of 5 bedrooms properties went up by 82.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes became 40% less available, number of 3 bedrooms homes decreased by 27.3%, 4 bedrooms homes inventory did not change, 5 bedrooms homes inventory decreased by 100%. In November 2022, from all listings sold in Wilmington Township, IL there were more than 1 sold above asking price, over 4 sold below and more than 0 were sold right at the asked price.

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