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 October 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

$190,500

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,500(+9.5%)

Key Takeaway

Homes in Wilmington Township have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Wilmington Township was $190,500 in October 2024, up 9.5% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $112K$124.5K
+11.2%
2 $150K$175K
+16.7%
3 $224.5K$223K
-0.7%
4 $260K$255K
-1.9%
5+ $337K$227.5K
-32.5%

Summary: Wilmington Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 32.5%.

Median Sold Price Compared To Nearby Cities

Braidwood
+13.0%
Diamond
+11.3%
Wilmington Township
+9.5%
Reed Township
+9.4%
Wilmington
+8.9%

Housing Supply in Wilmington Township, IL

How many homes are available in Wilmington Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4143+4.9%

Summary: The Wilmington Township real estate market had 43 homes for sale in October 2024, a 4.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1112
+9.1%
2 88
0.0%
3 1417
+21.4%
4 54
-20.0%
5+ 32
-33.3%

Summary: The Wilmington Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 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. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Wilmington Township in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% 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

Oct 2023Oct 2024CHANGE
15 Days70 Days+355.2%

Summary: Homes in Wilmington Township had an average of 70 days on market in Oct 2024, up by 355.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 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.

Summary: During October 2024, 13 homes were sold in Wilmington Township; 38% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% 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 16 Days Ago

Newest Listings in Wilmington Township, IL

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What housing markets are near Wilmington Township, IL?