Is Wilmington, IL 60481 a buyer’s or seller’s market?

The Wilmington housing market right now

In the three months ending August 31, 2026, 37% of homes in Wilmington, IL 60481 sold above their list price, the typical home went under contract in 45 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 62 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (36% then), homes sold faster (55 days then) and the median sale price rose 11% to $271,383. Overall, Wilmington is more competitive than a year ago, so tougher for buyers.

Within Will County, homes here sell faster than in 76% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, Wilmington ranks #282 of 464 IL ZIP codes with enough sales (score 62 out of 100).

Nearby, buyers who want less competition could look at Elwood 60421 (17% sold over asking) or Beecher 60401 (17% sold over asking), while Bolingbrook 60440 (61% sold over asking) and New Lenox 60451 (50% sold over asking) are even more competitive.