As the summer sun starts heating up, so does the housing market—especially here in Wilmington, IL. Whether you're planning to sell, buy, or just keeping an eye on the market, the trends shaping May and June 2025 are worth your attention.
📈 Price Gains Despite Fewer Sales While home sales across Illinois dipped slightly this spring—down about 4.3% from the same time last year—home prices continue to climb. The Chicago metro median reached $360,000, with prices up 6.1% from 2024. Meanwhile, Wilmington’s market remains strong, with low inventory keeping local values high.
🏡 Inventory Still Tight in Wilmington Statewide inventory is up just 0.6%, and Wilmington is feeling the squeeze. With fewer homes to go around, well-prepared buyers are moving quickly—and sellers are benefiting from multiple-offer situations. If you're in Wilmington and thinking about selling, this could be the best window you'll get all year.
🏙️ Urban Development Buzz: Lincoln Yards Chicago’s Lincoln Yards project—a high-profile development aimed at revitalizing a huge swath of the city’s North Side—continues to make headlines. While progress has slowed, its long-term impact on demand in nearby suburbs (including Wilmington-area commuters) is still being watched closely by market experts.
🔑 What It Means for Buyers and Sellers in Wilmington
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Sellers: Prices are up and competition is strong. With fewer homes on the market, now is a strategic time to list.
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Buyers: You’ll need a solid plan and a fast response time. But with rates steady and future inventory projected to rise later in the year, now’s a smart time to act—especially in areas like Wilmington that still offer relative affordability.
While some parts of Illinois are seeing fluctuations, Wilmington continues to shine as a small-town market with strong upward momentum. As always, knowing when to act—and how to navigate shifting trends—can make all the difference.
Thinking about buying or selling? Let’s make your move smooth, strategic, and stress-free.
📲 Call/Text 815-205-0395 to get started.
Warm regards,
Christopher M. Piercy
Top Producing Realtor | Real People Realty
🌐 PiercySells.com/sellers
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