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 March 2023

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.

Housing Prices in Wilmington Township, IL

How much do homes in Wilmington Township, IL cost?

Median Sold Price

$180,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$8,000(-4.3%)

Key Takeaway

Homes in Wilmington Township have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Wilmington Township was $180,000 in March 2024, down 4.3% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $112K$107.5K
-4.0%
2 $165.2K$166.5K
+0.8%
3 $207K$226K
+9.2%
4 $343K$255K
-25.7%
5+ $325K$273.5K
-15.8%

Summary: Wilmington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes decreased by 15.8%.

Median Sold Price Compared To Nearby Cities

Braidwood
+13.4%
Reed Township
+11.7%
Wilmington Township
-4.3%
Wilmington
-5.3%

Housing Supply in Wilmington Township, IL

How many homes are available in Wilmington Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3443+26.5%

Summary: The Wilmington Township 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

# BEDSFeb 2024Mar 2024CHANGE
1 912
+33.3%
2 86
-25.0%
3 1114
+27.3%
4 611
+83.3%
5+ 00
0.0%

Summary: The Wilmington Township 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 2024Mar 2024CHANGE
1114+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wilmington Township, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Wilmington Township 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 Township, IL

How long does it take to sell a home in Wilmington Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
34 Days39 Days+14.4%

Summary: Homes in Wilmington Township 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 14 homes were sold in Wilmington Township; 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.

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

Report Updated 17 Days Ago

Newest Listings in Wilmington Township, IL

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What housing markets are near Wilmington Township, IL?