Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $180,000
    6% ( $10,100 ) vs Jun 2014
  • Median Sales Price
    $155,000
    26% ( $32,000 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $102,000
    15% ( $18,000 ) vs Jun 2014
  • Foreclosures 257
    Homes for Sale 71
    Recently Sold 72

Market Summary

There are currently 257 properties in Wheeling, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 71.

In July, the number of properties that received a foreclosure filing in Wheeling, IL was 50% higher than the previous month and 5% lower than the same time last year.

Home sales for June 2015 were down 8% compared with the previous month, and down 45% compared with a year ago. The median sales price of a non-distressed home was $155,000. The median sales price of a foreclosure home was $102,000, or 34% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$102,000 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $130,750 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $116,500 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $155,000 (Median Sales Price) $123,000 (Median Sales Price) $146,250 (Median Sales Price) $152,250 (Median Sales Price) $151,250 (Median Sales Price) $146,250 (Median Sales Price) $102,000 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $130,750 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $116,500 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $155,000 (Median Sales Price) $123,000 (Median Sales Price) $146,250 (Median Sales Price) $152,250 (Median Sales Price) $151,250 (Median Sales Price) $146,250 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
73
31.8
% (y-o-y)
$183,000
13.6
% (y-o-y)
22.4%
29.2
% (y-o-y)
Des Plaines
64
37.9
% (y-o-y)
$180,000
9.1
% (y-o-y)
31.0%
29.1
% (y-o-y)
Arlington Heights
59
41.0
% (y-o-y)
$330,750
10.3
% (y-o-y)
41.4%
53.3
% (y-o-y)
Palatine
53
36.9
% (y-o-y)
$245,000
6.5
% (y-o-y)
47.0%
36.5
% (y-o-y)
Mount Prospect
39
22.0
% (y-o-y)
$260,000
4.4
% (y-o-y)
14.8%
27.7
% (y-o-y)
Northbrook
36
40.0
% (y-o-y)
$435,000
13.0
% (y-o-y)
35.9%
32.5
% (y-o-y)
Buffalo Grove
34
50.0
% (y-o-y)
$213,500
16.1
% (y-o-y)
10.3%
28.2
% (y-o-y)
Glenview
31
44.6
% (y-o-y)
$450,000
3.4
% (y-o-y)
44.3%
46.9
% (y-o-y)
Lake Zurich
26
64.4
% (y-o-y)
$436,250
10.4
% (y-o-y)
23.2%
1.3
% (y-o-y)
Prospect Heights
26
36.8
% (y-o-y)
$212,500
11.1
% (y-o-y)
10.8%
60.8
% (y-o-y)

Local Info For Wheeling

Population:
37,030
Cost of Living Index: 112.73
Crime Index: 51.15     Rating: B+ View crime details
Schools: 7    Average School Rating: C View individual school rating
Household Median Income: $55,869
Unemployment: 4.70%
Percentage of vacant homes: 6.89%