Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $155,761
    4% ( $5,761 ) vs Apr 2014
  • Median Sales Price
    $146,250
    4% ( $6,000 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $130,750
    5% ( $5,750 ) vs Apr 2014
  • Foreclosures 289
    Homes for Sale 71
    Recently Sold 137

Market Summary

There are currently 289 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 May, the number of properties that received a foreclosure filing in Wheeling, IL was 21% lower than the previous month and 0% higher than the same time last year.

Home sales for April 2015 were up 233% compared with the previous month, and down 76% compared with a year ago. The median sales price of a non-distressed home was $146,250. The median sales price of a foreclosure home was $130,750, or 11% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$130,750 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $116,500 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $118,250 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $146,250 (Median Sales Price) $152,250 (Median Sales Price) $151,250 (Median Sales Price) $146,250 (Median Sales Price) $150,000 (Median Sales Price) $147,500 (Median 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) $118,250 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $146,250 (Median Sales Price) $152,250 (Median Sales Price) $151,250 (Median Sales Price) $146,250 (Median Sales Price) $150,000 (Median Sales Price) $147,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
62
56.9
% (y-o-y)
$190,500
4.8
% (y-o-y)
37.0%
32.0
% (y-o-y)
Des Plaines
56
61.6
% (y-o-y)
$156,500
15.9
% (y-o-y)
2.6%
29.3
% (y-o-y)
Palatine
42
63.8
% (y-o-y)
$207,500
5.3
% (y-o-y)
54.7%
55.5
% (y-o-y)
Arlington Heights
38
71.4
% (y-o-y)
$275,000
4.0
% (y-o-y)
17.6%
47.1
% (y-o-y)
Mount Prospect
31
57.5
% (y-o-y)
$225,000
7.8
% (y-o-y)
3.3%
30.3
% (y-o-y)
Northbrook
22
66.2
% (y-o-y)
$430,000
24.6
% (y-o-y)
32.2%
14.8
% (y-o-y)
Buffalo Grove
20
68.8
% (y-o-y)
$244,000
13.5
% (y-o-y)
58.4%
40.4
% (y-o-y)
Glenview
20
70.6
% (y-o-y)
$310,000
18.4
% (y-o-y)
48.4%
38.2
% (y-o-y)
Rolling Meadows
19
50.0
% (y-o-y)
$179,000
19.3
% (y-o-y)
Data not available
Prospect Heights
18
41.9
% (y-o-y)
$215,000
1.4
% (y-o-y)
54.0%
25.0
% (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: 4.80%
Percentage of vacant homes: 6.89%