South Wilmington home prices fall in the fourth quarter of 2019

South Wilmington home prices fall in the fourth quarter of 2019
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The median sale price of a home sold in the fourth quarter of 2019 in South Wilmington fell by $17,000 while total sales decreased by 40%, according to BlockShopper.com.

From October through December of 2019, there were three homes sold, with a median sale price of $116,500 – a 12.7% decrease over the $133,500 median sale price for the same period of the previous year. There were five homes sold in South Wilmington in the fourth quarter of 2018.

The median sales tax in South Wilmington for the most recent year with available data, 2018, was $2,698, approximately 2.3% of the median home sale price for the fourth quarter of 2019.

The following table compares South Wilmington to other Grundy County cities in the fourth quarter of 2019:

City Oct. – Dec. 2019 Home Sales Oct. – Dec. 2018 Home Sales % change (Total Home Sales) Oct. – Dec. 2019 Median Sales Price Oct. – Dec. 2018 Median Sales Price % change (Median Sales Price)
Lisbon North 3 2 50% $244,000 $199,950 22%
Minooka 37 46 -19.6% $195,000 $176,750 10.3%
Morris 67 61 9.8% $192,000 $175,000 9.7%
Diamond 7 9 -22.2% $187,000 $203,000 -7.9%
Channahon 6 15 -60% $186,750 $245,000 -23.8%
Coal City 36 35 2.9% $161,500 $144,000 12.2%
Braceville 2 5 -60% $147,750 $96,000 53.9%
Mazon 4 8 -50% $127,500 $136,500 -6.6%
South Wilmington 3 5 -40% $116,500 $133,500 -12.7%
Carbon Hill 1 2 -50% $108,750 $145,650 -25.3%
Gardner 4 5 -20% $95,662.50 $110,000 -13%
Verona 0 0 – $0 $0 –


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