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Will County Gazette

Sunday, November 24, 2024

May: Wilmington experienced a 21.5% drop in median home prices

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The median sale price of a home sold in May in Wilmington fell by $56,000 while total sales increased by 57.1 percent, according to BlockShopper.com.

In May, there were 11 homes sold, with a median sale price of $204,000 - a 21.5 percent decrease from the $260,000 median sale price for the same period of the previous year. There were seven homes sold in Wilmington in May 2021.

The median sales tax in Wilmington for the most recent year with available data, 2019, was $3,462, approximately 1.7 percent of the median home sale price for May.

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

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
Joliet18315220.4$220,000$212,5003.5
Wolf Creek Island220$217,500$287,500-24.3
Crete301776.5$217,500$246,000-11.6
Peotone7475$213,000$192,45010.7
Rockdale52150$211,000$103,750103.4
Wilmington11757.1$204,000$260,000-21.5
Crest Hill1925-24$187,500$194,000-3.4
Braidwood17988.9$185,000$197,900-6.5
Lakewood Falls12-50$180,000$237,050-24.1
Park Forest5366.7$178,900$73,000145.1
Custer Park21100$170,000$125,00036

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