Real Estate Market Update for 60481 (Wilmington, IL)

Video: Real Estate Community Tour for 60481 (Wilmington, IL)

See Real estate community tour for 60481 (Wilmington, IL)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 15% from one year earlier, and down 8% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 6%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 150-thousand dollars. The number of units sold increased 44% year-over-year, and decreased 19% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 60481 (Wilmington, IL)
Area Information for 60481 (Wilmington, IL)
  • Population: 11,998
  • Median Age: 44.14 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 109/sq mi
  • Population Change Since 2000: 1.83%
  • Closest Airport: Chicago Midway International
  • Closest College: University Of Saint Francis
  • Closest Jr. College: Joliet Junior College
  • Median Household Income: $61,018
  • Annual Residential Turnover: 5%
  • Median Home Sales Price: $121,800
  • Closest Major Sports Team: Kane County Cougars (a)
  • Change Avg. Household Income Since 2000: 18.74%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60481 (Wilmington, IL)
Median Age: 44.14 Married: 45% Number of Households: 4,788 Households with Children: 1,345
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 60481 (Wilmington, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Wilmington High School 4.4 mi Public 9-12 4 3
      Sowic Educ Center 4.4 mi Public 9-12 0 0
      Wilmington Middle School 4.7 mi Public 6-8 2 0
      L J Stevens Intermediate School 4.8 mi Public PRESCHOOL-5 1 0
      Lighthouse Christian Academy 4.8 mi Private PRESCHOOL-3 0 0
      St Rose School 4.8 mi Catholic PRESCHOOL-8 0 0
      Bruning Elementary School 5.3 mi Public PRESCHOOL-1 0 0
      Reed-custer Primary School 6.7 mi Public PRESCHOOL-1 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 60481 (Wilmington, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.