Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $150,000
    9% ( $14,000 ) vs Feb 2014
  • Median Sales Price
    $151,250
    3% ( $5,000 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $116,500
    0% ( $500 ) vs Feb 2014
  • Foreclosures 304
    Homes for Sale 63
    Recently Sold 221

Market Summary

There are currently 304 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 63.

In March, the number of properties that received a foreclosure filing in Wheeling, IL was 191% higher than the previous month and 78% higher than the same time last year.

Home sales for February 2015 were down 50% compared with the previous month, and up 0% compared with a year ago. The median sales price of a non-distressed home was $151,250. The median sales price of a foreclosure home was $116,500, or 23% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$116,500 (Median Foreclosure Sales Price) $116,000 (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) $151,250 (Median 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) $116,500 (Median Foreclosure Sales Price) $116,000 (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) $151,250 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Palatine
69
0.0
% (y-o-y)
$212,000
4.5
% (y-o-y)
64.6%
59.0
% (y-o-y)
Schaumburg
69
12.7
% (y-o-y)
$195,750
15.1
% (y-o-y)
38.3%
1.9
% (y-o-y)
Des Plaines
66
37.1
% (y-o-y)
$180,000
28.6
% (y-o-y)
4.2%
16.8
% (y-o-y)
Arlington Heights
60
31.8
% (y-o-y)
$258,750
0.9
% (y-o-y)
33.5%
34.9
% (y-o-y)
Northbrook
40
20.0
% (y-o-y)
$405,000
5.5
% (y-o-y)
Data not available
Mount Prospect
34
33.3
% (y-o-y)
$251,000
0.4
% (y-o-y)
35.3%
31.4
% (y-o-y)
Buffalo Grove
29
21.6
% (y-o-y)
$230,000
3.2
% (y-o-y)
24.8%
32.3
% (y-o-y)
Glenview
25
34.2
% (y-o-y)
$330,000
17.3
% (y-o-y)
41.6%
41.1
% (y-o-y)
Lake Zurich
23
4.2
% (y-o-y)
$361,500
4.9
% (y-o-y)
33.8%
50.5
% (y-o-y)
Vernon Hills
23
8.0
% (y-o-y)
$230,500
19.7
% (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: 5.80%
Percentage of vacant homes: 6.89%