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Featured local agent — Wilmington, IL
Sarah Mitchell
Compass Real Estate · Wilmington, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wilmington, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$278,000median sale price
How is the Wilmington, IL housing market right now?
The median home sale price in Wilmington, IL is $278,000, up 13.5% year-over-year. Homes sell in an average of 49 days with 20 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wilmington a buyer's or seller's market?
Wilmington, IL is currently a seller's market, based on 2.9 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
49
Average pace
Active listings
20
2.9 months supply
Sale-to-list
101.8%
Above asking
What does the Wilmington housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $278,000 |
| Median list price | $305,000 |
| Year-over-year price change | +13.5% |
| Average days on market | 49 days |
| Active inventory | 20 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 101.8% |
| Median price per sq ft | $191/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 11 |
| Listings with a price cut | 5.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wilmington by property type?
How the Wilmington, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $284,000 | $190/sq ft | 6 | 54 days |
| Condo / Co-op | $278,000 | $214/sq ft | 1 | 44 days |
| Townhouse | $333,000 | $111/sq ft | 1 | 202 days |
Source: Redfin · Updated monthly
The Wilmington housing market is currently classified as a seller's market with a median sale price of $278,000. Prices have risen 13.5% compared to last year, with homes spending an average of 49 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Wilmington
There are currently 20 homes listed for sale in Wilmington, Illinois. The median listing price is $305K.
Active listings
20
Homes on market
Median list price
$305K
Avg. days on market
49
Days until sale
New this week
11
Newly listed
Who lives in Wilmington?
Population
5,507
Median income
$63,514/yr
Median age
38.8 years
Owner-occupied
64.3%
College grads
21.9%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Wilmington?
Zillow home value
$273,571
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Wilmington?
Wilmington is a community of approximately 6K residents with a median age of 38.8 years.The median household income is $63,514, which represents a working-class community with solid middle-income opportunities. 21.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.3%, showing a blend of owner and renter-occupied properties. The average commute time is 24.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wilmington offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Wilmington?
7 schools tracked · 1,298 students
The largest public schools serving Wilmington, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Wilmington High School
Grades 9-12 · 432 students
L J Stevens Intermediate School
Grades 2-5 · 363 students
Wilmington Middle School
Grades 6-8 · 272 students
Bruning Elem School
Grades PK-1 · 231 students
SOWIC Education Center
Grade range n/a
SOWIC-Educ & Life Skills-Wilmingt
Grade range n/a
SOWIC-EC Wilmington
Grade range n/a
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Wilmington, IL?
Want a head-to-head view? Compare Wilmington side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wilmington?
The median home sale price in Wilmington is $278,000, up 13.5% from last year.
How long do homes stay on market in Wilmington?
Homes typically spend 49 days on market before going under contract.
What is the median income in Wilmington?
The median household income is $63,514 per year.
Is Wilmington a buyer's or seller's market?
With 2.9 months of supply, Wilmington is currently a seller's market.
What is the Zillow home value estimate for Wilmington?
The Zillow Home Value Index (ZHVI) for Wilmington is $273,571, representing the typical home value in the area.
What is the median condo price in Wilmington?
The median condo/co-op sale price in Wilmington, IL is $278,000, compared to $284,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Wilmington?
The median single-family home price in Wilmington, IL is $284,000 (about $190 per square foot).
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