Will County Gazette

Will County Gazette

Monday, December 9, 2019

Wilmington home prices rise in October 2018

Real Estate

By Local Labs News Service | Nov 14, 2018

Re 6

The median sale price of a home sold in October 2018 in Wilmington rose by $76,000 while total sales increased by 40%, according to BlockShopper.com.

In October 2018, there were seven homes sold, with a median sale price of $222,000 - a 52.1% increase over the $146,000 median sale price for the same period of the previous year. There were five homes sold in Wilmington in October 2017.

The median sales tax in Wilmington for the most recent year with available data, 2017, was $3,224.60, approximately 1.5% of the median home sale price for October 2018.

The following table compares Wilmington to other Will County cities with similar median sales prices in October 2018:

City
Oct. 2018 Home Sales
Oct. 2017 Home Sales
% change (Total Home Sales)
Oct. 2018 Median Sales Price
Oct. 2017 Median Sales Price
% change (Median Sales Price)
Frankfort Square
10
18
-44.4%
$235,000
$226,000
4%
Monee
6
8
-25%
$232,450
$139,250
66.9%
Lockport
68
44
54.5%
$228,000
$186,750
22.1%
Willowbrook
3
4
-25%
$228,000
$223,700
1.9%
Bolingbrook
74
67
10.4%
$224,000
$208,000
7.7%
Wilmington
7
5
40%
$222,000
$146,000
52.1%
Shorewood
28
16
75%
$221,250
$266,450
-17%
Minooka
2
2
0%
$217,500
$328,500
-33.8%
Wolf Creek Island
2
1
100%
$214,750
$181,750
18.2%
Carillon
4
2
100%
$209,750
$154,075
36.1%
Wellington Heights
2
0
-
$202,200
$0
-

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