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Friday, November 22, 2024

Wilmington home prices rise in February 2017

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The median sale price of a home sold in February 2017 in Wilmington rose by $135,000 while total sales decreased by 33.3%, according to BlockShopper.com.

In February 2017, there were two homes sold, with a median sale price of $190,000 - a 245.5% increase over the $55,000 median sale price for the same period of the previous year. There were three homes sold in Wilmington in February 2016.

The median sales tax in Wilmington for 2017 was $3,224.59. In 2016, the median sales tax was $2,905.80. This marks an increase of 11%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.7%.

The following table compares Wilmington to other Will County cities with similar median sales prices in February 2017:

CityFeb. 2017 Home SalesFeb. 2016 Home Sales% change (Total Home Sales)Feb. 2017 Median Sales PriceFeb. 2016 Median Sales Price% change (Median Sales Price)
Wilton20-$220,000$0-
Mokena171330.8%$214,000$185,00015.7%
Channahon770%$210,000$117,50078.7%
Lockport2533-24.2%$199,900$168,00019%
Bolingbrook66651.5%$194,500$206,000-5.6%
Wilmington23-33.3%$190,000$55,000245.5%
Willowbrook92350%$189,000$114,539.0165%
Carillon220%$187,500$165,00013.6%
Shorewood1014-28.6%$184,000$172,7506.5%
Aurora13130%$180,000$160,00012.5%
Frankfort Square311-72.7%$175,000$205,000-14.6%

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