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Wilmington home prices rise in January 2017

Real Estate

By Local Labs News Service | Feb 14, 2017

Re 12

The median sale price of a home sold in January 2017 in Wilmington rose by $56,500 while total sales increased by 20%, according to BlockShopper.com.

In January 2017, there were six homes sold, with a median sale price of $141,500 - a 66.5% increase over the $85,000 median sale price for the same period of the previous year. There were five homes sold in Wilmington in January 2016.

The median sales tax in Wilmington for 2017 was $3,224.59. In 2016, the median sales tax was $2,905.80. This marks an increase of 11%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.

The following table compares Wilmington to other Will County cities with similar median sales prices in January 2017:

City
Jan. 2017 Home Sales
Jan. 2016 Home Sales
% change (Total Home Sales)
Jan. 2017 Median Sales Price
Jan. 2016 Median Sales Price
% change (Median Sales Price)
Lakewood Falls
1
3
-66.7%
$155,500
$137,000
13.5%
Wheatland Plains
2
0
-
$150,500
$0
-
Crystal Lawns
1
1
0%
$149,900
$71,100
110.8%
Braidwood
8
3
166.7%
$149,250
$88,806
68.1%
Peotone
6
2
200%
$147,500
$150,500
-2%
Wilmington
6
5
20%
$141,500
$85,000
66.5%
Crest Hill
31
12
158.3%
$140,000
$110,000
27.3%
Joliet
173
119
45.4%
$138,000
$115,100
19.9%
Preston Heights
4
0
-
$135,000
$0
-
Rockdale
4
1
300%
$113,325
$107,000
5.9%
Crete
20
15
33.3%
$111,000
$119,000
-6.7%

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