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Land Foreclosures in Wilmington, IL

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Wilmington, IL Foreclosures

Current Market Conditions in in Wilmington, IL As of February 2026?
In the past month, Wilmington experienced a slight uptick in home sales as potential buyers take advantage of favorable interest rates. However, inventory levels have dropped, leading to increased competition among buyers. As a result, homes are selling faster, with many listings going under contract within days of hitting the market. This trend suggests a healthy market as the demand continues to grow despite limited options.
How much do homes sell for in Wilmington, IL?
The average home price is currently $266,366.
In Wilmington, IL, how many homes are available?
There are currently 1 active home listings available in Wilmington.
What’s the average rental cost in Wilmington, IL?
The average rental price in Wilmington is $1,390.
What is the most expensive home in Wilmington?
The most expensive home sold in Wilmington had a price of $16,602,701.
What is currently the cheapest priced home in Wilmington, IL?
The cheapest home for sale in Wilmington is priced at $14,253.

Living in Wilmington, IL

Wilmington, Illinois is a picturesque city known for its friendly atmosphere and lush green spaces. Residents enjoy a tight-knit community with local events and festivals throughout the year. The city's proximity to major highways makes commuting to larger cities accessible while offering a serene living environment.

Buyer vs Seller Market in Wilmington, IL

The Wilmington real estate market has shown steady growth over the past year, with home prices appreciating as demand increases and inventory remains limited. With its proximity to the Chicago metropolitan area, more buyers are considering Wilmington as an appealing option for affordable housing. The local market features a mix of single-family homes, townhouses, and condos that cater to various lifestyles.

Home Value Estimator For Wilmington, IL

There are currently 4,984 real estate properties in Wilmington, IL, with a median automated valuation model (AVM) price of $221,817.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wilmington, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wilmington, IL, is $266,366.00, with the most expensive house in Wilmington, IL, topping out at $16,602,701.00 and the cheapest home in Wilmington, IL, clocking in at $14,253.00. In other words, there’s something for every potential homebuyer or savvy investor in Wilmington, IL!

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.

Wilmington, IL Land

Market Trend for Wilmington, IL

Total Listings Available: 1

Market Values:

Home Prices from $14,253 to $16,602,701

Average Sales Price: $266,366

Rental Values:

Rental from $520 to $3,090

Average Rent Value: $1,390 / month

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