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 August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 19% from one year earlier, and up 8% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 57%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 170-thousand dollars. The number of units sold increased more than 125% year-over-year, and increased 47% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
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Map Information for 60481 (Wilmington, IL)
Area Information for 60481 (Wilmington, IL)
  • Population: 11,923
  • Median Age: 44.4 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 108/sq mi
  • Population Change Since 2000: 1.25%
  • Closest Airport: Chicago Midway International
  • Closest College: University Of Saint Francis
  • Closest Jr. College: Joliet Junior College
  • Median Household Income: $62,151
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $140,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 19.81%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60481 (Wilmington, IL)
Median Age: 44.4 Married: 44% Number of Households: 4,755 Households with Children: 1,361
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.