Will County Gazette

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Thursday, April 2, 2020

Wilmington home prices rise in the third quarter of 2018

Real Estate

By Local Labs News Service | Oct 14, 2018

Realestate2

The median sale price of a home sold in the third quarter of 2018 in Wilmington rose by $13,850 while total sales increased by 30%, according to BlockShopper.com.

From July through September of 2018, there were 26 homes sold, with a median sale price of $173,250 - a 8.7% increase over the $159,400 median sale price for the same period of the previous year. There were 20 homes sold in Wilmington in the third quarter of 2017.

The median sales tax in Wilmington for the most recent year with available data, 2017, was $3,224.60, approximately 1.9% of the median home sale price for the third quarter of 2018.

The following table compares Wilmington to other Will County cities with similar median sales prices in the third quarter of 2018:

City
July - Sept. 2018 Home Sales
July - Sept. 2017 Home Sales
% change (Total Home Sales)
July - Sept. 2018 Median Sales Price
July - Sept. 2017 Median Sales Price
% change (Median Sales Price)
Coynes
2
4
-50%
$179,500
$133,250
34.7%
Joliet
588
513
14.6%
$176,250
$170,000
3.7%
Crete
67
50
34%
$175,000
$156,500
11.8%
Wolf Creek Island
5
4
25%
$175,000
$158,975
10.1%
Wellington Heights
3
1
200%
$174,000
$189,750
-8.3%
Wilmington
26
20
30%
$173,250
$159,400
8.7%
Crest Hill
80
61
31.1%
$169,950
$165,000
3%
River Edge Estates
1
1
0%
$167,500
$512,000
-67.3%
Lakewood Falls
7
7
0%
$160,000
$154,000
3.9%
Boula
4
2
100%
$150,000
$166,000
-9.6%
Braidwood
34
34
0%
$135,000
$120,500
12%

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