Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $168,900
    2% ( $4,000 ) vs Nov 2013
  • Median Sales Price
    $147,500
    2% ( $3,500 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $112,500
    8% ( $10,000 ) vs Nov 2013
  • Foreclosures 334
    Homes for Sale 36
    Recently Sold 295

Market Summary

There are currently 334 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 36.

In December, the number of properties that received a foreclosure filing in Wheeling, IL was 70% higher than the previous month and 7% lower than the same time last year.

Home sales for November 2014 were down 55% compared with the previous month, and down 30% compared with a year ago. The median sales price of a non-distressed home was $147,500. The median sales price of a foreclosure home was $112,500, or 24% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$112,500 (Median Foreclosure Sales Price) $122,500 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure Sales Price) $140,000 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure Sales Price) $123,500 (Median Foreclosure Sales Price) $147,500 (Median Sales Price) $151,000 (Median Sales Price) $147,500 (Median Sales Price) $156,500 (Median Sales Price) $147,000 (Median Sales Price) $145,000 (Median Sales Price) $112,500 (Median Foreclosure Sales Price) $122,500 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure Sales Price) $140,000 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure Sales Price) $123,500 (Median Foreclosure Sales Price) $147,500 (Median Sales Price) $151,000 (Median Sales Price) $147,500 (Median Sales Price) $156,500 (Median Sales Price) $147,000 (Median Sales Price) $145,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Palatine
114
16.2
% (y-o-y)
$233,000
1.3
% (y-o-y)
51.5%
59.8
% (y-o-y)
Des Plaines
88
17.0
% (y-o-y)
$178,000
7.9
% (y-o-y)
41.3%
25.3
% (y-o-y)
Schaumburg
76
32.7
% (y-o-y)
$201,000
5.0
% (y-o-y)
24.9%
36.2
% (y-o-y)
Mount Prospect
54
28.9
% (y-o-y)
$269,500
10.0
% (y-o-y)
35.1%
43.7
% (y-o-y)
Arlington Heights
54
50.0
% (y-o-y)
$289,000
3.6
% (y-o-y)
30.8%
34.7
% (y-o-y)
Buffalo Grove
45
19.6
% (y-o-y)
$260,000
0.0
% (y-o-y)
39.3%
42.3
% (y-o-y)
Glenview
43
15.7
% (y-o-y)
$350,000
5.5
% (y-o-y)
8.9%
36.6
% (y-o-y)
Northbrook
41
31.7
% (y-o-y)
$453,000
14.0
% (y-o-y)
25.8%
35.8
% (y-o-y)
Lake Zurich
32
47.5
% (y-o-y)
$393,250
0.4
% (y-o-y)
7.4%
30.1
% (y-o-y)
Highland Park
28
50.0
% (y-o-y)
$537,500
6.4
% (y-o-y)
32.7%
40.6
% (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: 4.10%
Percentage of vacant homes: 6.89%