Is South Wilmington, IL 60474 a buyer’s or seller’s market?
South Wilmington is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The South Wilmington housing market right now
In the three months ending August 31, 2026, 0% of homes in South Wilmington, IL 60474 sold above their list price and the typical home went under contract in 90 days. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (39 days then) and the median sale price fell 26% to $154,933. Overall, South Wilmington is less competitive than a year ago, which gives buyers more room.
Within Grundy County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Braceville 60407 (60% sold over asking) and Verona 60479 (50% sold over asking) are even more competitive.
Run the numbers for 60474
Nearby markets
Braceville 60407Seller’s market $126 /sq ftCoal City 60416Seller’s market $203 /sq ftGardner 60424Seller’s market $133 /sq ftKinsman 60437 — /sq ft Browse all markets →Where South Wilmington is
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Questions about South Wilmington real estate
How fast do homes sell in South Wilmington?
The typical home went under contract in 90 days in the latest three months.
Do homes in South Wilmington sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 87.4% of the list price.
What are property taxes in South Wilmington?
About 1.99% of a home’s value a year in Grundy County, or roughly $7,960 on a $400,000 home.
What is the median home price in South Wilmington?
The median sale price was $154,933 in the three months ending August 31, 2026, about $144 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology