Is South 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, South Wilmington has remained a Seller's Market.
Housing Prices in South Wilmington, IL
How much do homes in South Wilmington, IL cost?
Median Sold Price
$146,000
$122/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in South Wilmington was $146,000 in May 2024, down 25.9% from last month, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $107K | N/A |
3 Bedrooms | $180.5K | $185K | +2.5% |
4 Bedrooms | $213.4K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: South Wilmington housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
South Wilmington | $196.9K | $146K | -25.9% |
Greenfield Township | $180.5K | $107K | -40.7% |
Housing Supply in South Wilmington, IL
How many homes are available in South Wilmington, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Summary: The South Wilmington real estate market had 8 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Wilmington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in South Wilmington in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for South Wilmington, IL
How long does it take to sell a home in South Wilmington, IL?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 Days | 7 Days | -70.2% |
Summary: Homes in South Wilmington had an average of 7 days on market in May 2024, down by 70.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in South Wilmington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.