Condo Foreclosures in Wilmington, IL

Current Market Conditions in Wilmington, IL

The Wilmington real estate market is currently experiencing steady growth as more families seek homes in suburban areas away from the busy urban centers. With an increasing demand for housing, the market remains competitive, showcasing a mix of existing homes and new constructions to accommodate various budgets.

Currently, homes in Wilmington tend to sell quickly due to the city's appeal and affordability compared to larger cities in the vicinity. The presence of parks and schools further enhances the demand for housing in the area, indicating a positive trend for future sellers.

Rent Prices In Wilmington, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wilmington, IL, is on a rollercoaster ride. The average rent price in Wilmington, IL, is $1,390.00. Indeed, when looking to rent in Wilmington, IL, you can expect to pay as little as $520.00 or as much as $3,090.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Wilmington, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.