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Will County Gazette

Thursday, April 25, 2024

Q3 real estate sales report: Wilmington

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Median prices rose in Wilmington over last year, and are down 9.8 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 26 homes sold in Wilmington for a median price of $173,250. That's 6.6 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Wilmington.

Median property tax for homeowners in Wilmington was $3,189 in 2017 according to tax data from that year. That means homeowners pay 2 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Wilmington real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
22
$192,114
-
2010
22
$147,420
-23.3%
2011
20
$157,070
6.5%
2012
23
$104,804
-33.3%
2013
23
$118,800
13.4%
2014
32
$138,065
16.2%
2015
19
$152,640
10.6%
2016
20
$169,050
10.8%
2017
20
$162,588
-3.8%
2018
26
$173,250
6.6%

Median property tax
Median sale price
Effective property tax rate
2010
$3,831.66
$147,420
2.6%
2011
$3,407.24
$157,070
2.2%
2012
$2,896.19
$104,804
2.8%
2013
$2,850.81
$118,800
2.4%
2014
$3,329.43
$138,065
2.4%
2015
$3,463.82
$152,640
2.3%
2016
$3,724.95
$169,050
2.2%
2017
$3,188.99
$162,588
2%

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