Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $164,000
    2% ( $3,750 ) vs Jan 2014
  • Median Sales Price
    $146,250
    3% ( $3,750 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $116,250
    2% ( $2,000 ) vs Jan 2014
  • Foreclosures 319
    Homes for Sale 46
    Recently Sold 237

Market Summary

There are currently 319 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 46.

In February, the number of properties that received a foreclosure filing in Wheeling, IL was 45% lower than the previous month and 4% lower than the same time last year.

Home sales for January 2015 were down 32% compared with the previous month, and up 21% 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 $116,250, or 21% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$116,250 (Median Foreclosure Sales Price) $118,250 (Median Foreclosure 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) $146,250 (Median Sales Price) $150,000 (Median Sales Price) $147,500 (Median Sales Price) $151,000 (Median Sales Price) $147,500 (Median Sales Price) $156,500 (Median Sales Price) $116,250 (Median Foreclosure Sales Price) $118,250 (Median Foreclosure 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) $146,250 (Median Sales Price) $150,000 (Median Sales Price) $147,500 (Median Sales Price) $151,000 (Median Sales Price) $147,500 (Median Sales Price) $156,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
104
2.0
% (y-o-y)
$196,750
4.1
% (y-o-y)
37.5%
16.4
% (y-o-y)
Palatine
96
16.5
% (y-o-y)
$220,000
0.5
% (y-o-y)
55.5%
56.0
% (y-o-y)
Des Plaines
94
29.3
% (y-o-y)
$178,000
7.9
% (y-o-y)
29.2%
24.2
% (y-o-y)
Arlington Heights
82
12.8
% (y-o-y)
$255,000
1.9
% (y-o-y)
46.0%
23.5
% (y-o-y)
Mount Prospect
60
13.2
% (y-o-y)
$262,500
7.6
% (y-o-y)
52.4%
36.5
% (y-o-y)
Northbrook
52
17.5
% (y-o-y)
$419,500
9.2
% (y-o-y)
Data not available
Buffalo Grove
52
17.5
% (y-o-y)
$245,000
4.5
% (y-o-y)
26.9%
36.0
% (y-o-y)
Lake Zurich
43
6.5
% (y-o-y)
$370,100
6.3
% (y-o-y)
11.1%
38.2
% (y-o-y)
Glenview
39
36.1
% (y-o-y)
$327,000
14.6
% (y-o-y)
32.6%
38.6
% (y-o-y)
Highland Park
31
18.4
% (y-o-y)
$506,000
10.9
% (y-o-y)
Data not available

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%