Wilmington, IL Home Values & Market Trends
Real estate market trends reflect that there have been 188 transactions over the past year in Wilmington. The median value for residential home transactions that occurred over the previous year is $245,418. The number of current listings in Wilmington is 145, and the percentage of properties for sale in the city is 145.00%. Wilmington, IL currently has 23 properties in foreclosure, 2 bank owned properties, 2 properties headed for auction, and 145 properties for sale.
Wilmington, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60481 | $ 251,467 $ 221/sqft |
Housing Market Summary for Wilmington, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $225K | $199.9K | -11.13% |
| Median Sold Price | $256.8K | $251.2K | -2.14% |
| Homes For Sale | 100 | 141 | 41.00% |
| Homes Sold | 114 | 102 | -10.53% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Wilmington, IL
Browse Homes in Wilmington, IL
Wilmington home values range from $37,638 to $655,031. The median estimated value of a home in Wilmington is $245,418. The median list price of a home is 200,000, and the total count of properties in the city is 293.
- Pre-ForeclosurePre-foreclosure homes account for 6.48% of all residential properties in Wilmington, IL with 60481 containing 19 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Wilmington, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $581,768 in 60481 to the lowest home value of $177,821 in 60481.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Wilmington, IL ranges from the highest value of $288,815 in 60481 to the lowest value of $280,000 in 60481. Bank owned homes and properties account for 0.68% of properties in Wilmington, IL. There is 1 zips within Wilmington, IL; 60481 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60481 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Wilmington, IL. Auction homes and other auction properties account for 0.68% of all properties in Wilmington, IL. There is 1 zips within Wilmington, IL; of that zips, the median estimated home value for homes going to auction ranges from $274,792 in 60481 to the lowest value of $204,269 in 60481.
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Guide for Wilmington, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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