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Will County Gazette

Saturday, November 23, 2024

Wilmington home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Wilmington rose by $36,500 while total sales increased by 125%, according to BlockShopper.com.

In May 2017, there were nine homes sold, with a median sale price of $174,000 - a 26.5% increase over the $137,500 median sale price for the same period of the previous year. There were four homes sold in Wilmington in May 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 1.9%.

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

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
Lockport56519.8%$192,000$174,50010%
Bolingbrook9094-4.3%$191,248$193,000-0.9%
Elwood25-60%$180,000$138,00030.4%
Monee712-41.7%$177,500$184,950-4%
Aurora22220%$174,250$164,0006.3%
Wilmington94125%$174,000$137,50026.5%
Beecher81700%$173,750$237,000-26.7%
Crystal Lawns52150%$171,000$124,95036.9%
Crest Hill362924.1%$165,975$145,00014.5%
Romeoville675424.1%$165,000$162,5001.5%
Peotone6520%$162,000$130,00024.6%

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