Real Estate Market Update for Wilmington, IL

Video: Real Estate Community Tour for Wilmington, IL

See Real estate community tour for Wilmington, IL
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 15% from one year earlier, and down 7% 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 over 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 180-thousand dollars. The number of units sold increased 125% year-over-year, and increased 13% 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 Wilmington, IL
Area Information for Wilmington, IL
  • Population: 5,788
  • Median Age: 40.7 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 616/sq mi
  • Population Change Since 2000: 5.52%
  • Closest Airport: Chicago Midway International
  • Closest College: University Of Saint Francis
  • Closest Jr. College: Joliet Junior College
  • Median Household Income: $60,150
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $138,300
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 24.86%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Wilmington, IL
Median Age: 40.7 Married: 38% Number of Households: 2,276 Households with Children: 720
    • 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 Wilmington, IL

      School Name Distance Type Grades School Rating Parent Rating
      Reed-custer Primary School 83.3 mi Public PRESCHOOL-1 0 0
      Bruning Elementary School 84.8 mi Public PRESCHOOL-1 0 0
      Lighthouse Christian Academy 85.3 mi Private PRESCHOOL-3 0 0
      L J Stevens Intermediate School 85.8 mi Public PRESCHOOL-5 2 0
      Wilmington Middle School 85.8 mi Public 6-8 2 0
      St Rose School 85.9 mi Catholic PRESCHOOL-8 0 0
      Sowic Educ Center 86.1 mi Public 9-12 0 0
      Wilmington High School 86.1 mi Public 9-12 3 3
      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 School Review data by
      Local Weather for 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.