Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $188,400
    1% ( $1,500 ) vs Feb 2015
  • Median Sales Price
    $165,000
    7% ( $11,000 ) vs Feb 2015
  • Median Foreclosure Sales Price
    $117,000
    1% ( $1,000 ) vs Feb 2015
  • Foreclosures 209
    Homes for Sale 53
    Recently Sold 309

Market Summary

There are currently 209 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 53.

In March, the number of properties that received a foreclosure filing in Wheeling, IL was 22% lower than the previous month and 61% lower than the same time last year.

Home sales for February 2016 were up 53% compared with the previous month, and up 35% compared with a year ago. The median sales price of a non-distressed home was $165,000. The median sales price of a foreclosure home was $117,000, or 29% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$117,000 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $118,000 (Median Foreclosure Sales Price) $128,000 (Median Foreclosure Sales Price) $137,000 (Median Foreclosure Sales Price) $165,000 (Median Sales Price) $154,000 (Median Sales Price) $151,750 (Median Sales Price) $158,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $117,000 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $118,000 (Median Foreclosure Sales Price) $128,000 (Median Foreclosure Sales Price) $137,000 (Median Foreclosure Sales Price) $165,000 (Median Sales Price) $154,000 (Median Sales Price) $151,750 (Median Sales Price) $158,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Des Plaines
102
54.5
% (y-o-y)
$162,500
9.7
% (y-o-y)
44.0%
4.2
% (y-o-y)
Schaumburg
94
36.2
% (y-o-y)
$205,000
4.7
% (y-o-y)
35.5%
38.3
% (y-o-y)
Arlington Heights
71
18.3
% (y-o-y)
$267,500
3.4
% (y-o-y)
30.5%
33.5
% (y-o-y)
Palatine
70
1.4
% (y-o-y)
$237,000
11.8
% (y-o-y)
48.1%
64.6
% (y-o-y)
Mount Prospect
51
50.0
% (y-o-y)
$275,000
9.6
% (y-o-y)
38.2%
35.3
% (y-o-y)
Buffalo Grove
50
72.4
% (y-o-y)
$285,000
23.9
% (y-o-y)
45.5%
24.8
% (y-o-y)
Lake Zurich
40
73.9
% (y-o-y)
$405,000
12.0
% (y-o-y)
33.5%
33.8
% (y-o-y)
Northbrook
40
0.0
% (y-o-y)
$477,500
17.9
% (y-o-y)
50.6%
7.5
% (y-o-y)
Glenview
33
32.0
% (y-o-y)
$351,000
6.4
% (y-o-y)
24.3%
41.6
% (y-o-y)
Libertyville
31
106.7
% (y-o-y)
$333,000
10.0
% (y-o-y)
21.0%
0.0
% (y-o-y)

Local Info For Wheeling

Population:
37,030
Cost of Living Index: 112.73
Crime Index: 28.03     Rating: A View crime details
Schools: 7    Average School Rating: C View individual school rating
Household Median Income: $55,869
Unemployment: 5.90%
Percentage of vacant homes: 6.89%

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