Altos Market Data for Realtors

Wilmington, IL

Single-Family Homes

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Wilmington, IL

Tue Sep 21 2021
This week the median list price for Wilmington, IL is $192,450 with the market action index hovering around 43. This is less than last month's market action index of 50. Inventory has decreased to 30. Click here to stay informed with the Wilmington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Wilmington, IL

Tue Sep 21 2021
This week the median list price for Wilmington, IL is $192,450 with the market action index hovering around 43. This is less than last month's market action index of 50. Inventory has decreased to 30. Click here to stay informed with the Wilmington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Wilmington market.
Median List Price $192,450
Median Price of New Listings $265,000
Per Square Foot $167
Average Days on Market 87
Median Days on Market 60
Price Decreased 53%
Price Increased 7%
Relisted 17%
Inventory 30
Median Rent $1,700
Market Action 43
Slight Seller's Advantage

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$419,000 2,612 5 - 10 acres 4 3 30 0 0 56
$275,000 1,850 0.25 - 0.5 acre 3 2 44 2 2 28
$158,450 925 8,000 - 10,000 sqft 2 1 51 0 3 73
$97,450 588 6,500 - 8,000 sqft 2 1 24 1 1 77