Is Wilmington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$177,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wilmington was $177,500 in April 2024, down 6.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $106.7K | $111K | +4.0% |
2 Bedrooms | $162.5K | $166.5K | +2.5% |
3 Bedrooms | $207K | $227K | +9.7% |
4 Bedrooms | $339K | $250K | -26.3% |
5+ Bedrooms | $325K | $273.5K | -15.8% |
Summary: Wilmington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
Wilmington Township | $180K | $177.5K | -1.4% |
Wilmington | $188.9K | $177.5K | -6.1% |
Custer Township | $330K | $277.5K | -15.9% |
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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 40 Days | +72.4% |
Summary: Homes in Wilmington had an average of 40 days on market in Apr 2024, up by 72.4% compared to last year.
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.