Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $159,000
    14% ( $19,100 ) vs May 2013
  • Median Sales Price
    $130,000
    1% ( $1,000 ) vs May 2013
  • Median Foreclosure Sales Price
    $95,000
    22% ( $26,750 ) vs May 2013
  • Foreclosures 364
    Homes for Sale 59
    Recently Sold 377

Market Summary

There are currently 364 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 59.

In June, the number of properties that received a foreclosure filing in Wheeling, IL was 0% higher than the previous month and 33% lower than the same time last year.

Home sales for May 2014 were down 26% compared with the previous month, and down 22% compared with a year ago. The median sales price of a non-distressed home was $130,000. The median sales price of a foreclosure home was $95,000, or 27% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$95,000 (Median Foreclosure Sales Price) $121,750 (Median Foreclosure Sales Price) $130,000 (Median Foreclosure Sales Price) $130,000 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $119,250 (Median Foreclosure Sales Price) $130,000 (Median Sales Price) $129,000 (Median Sales Price) $107,500 (Median Sales Price) $134,500 (Median Sales Price) $140,000 (Median Sales Price) $151,500 (Median Sales Price) $95,000 (Median Foreclosure Sales Price) $121,750 (Median Foreclosure Sales Price) $130,000 (Median Foreclosure Sales Price) $130,000 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $119,250 (Median Foreclosure Sales Price) $130,000 (Median Sales Price) $129,000 (Median Sales Price) $107,500 (Median Sales Price) $134,500 (Median Sales Price) $140,000 (Median Sales Price) $151,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Arlington Heights
149
25.2
% (y-o-y)
$265,000
10.4
% (y-o-y)
47.2%
66.3
% (y-o-y)
Schaumburg
122
17.0
% (y-o-y)
$210,000
13.2
% (y-o-y)
35.6%
40.7
% (y-o-y)
Des Plaines
120
9.1
% (y-o-y)
$158,750
8.0
% (y-o-y)
39.8%
12.4
% (y-o-y)
Palatine
116
15.3
% (y-o-y)
$220,000
2.3
% (y-o-y)
44.2%
64.9
% (y-o-y)
Mount Prospect
79
0.0
% (y-o-y)
$245,000
14.0
% (y-o-y)
30.6%
20.9
% (y-o-y)
Lake Zurich
62
21.5
% (y-o-y)
$390,000
2.6
% (y-o-y)
10.3%
36.3
% (y-o-y)
Buffalo Grove
58
26.6
% (y-o-y)
$280,000
22.3
% (y-o-y)
35.5%
38.9
% (y-o-y)
Northbrook
57
23.0
% (y-o-y)
$346,000
3.9
% (y-o-y)
19.1%
35.0
% (y-o-y)
Glenview
55
27.6
% (y-o-y)
$429,000
30.8
% (y-o-y)
42.4%
36.7
% (y-o-y)
Highland Park
52
18.8
% (y-o-y)
$476,250
21.4
% (y-o-y)
30.7%
17.1
% (y-o-y)

Local Info For Wheeling

Population:
37,030
Cost of Living Index: 112.73
Crime Index: 18.30     Rating: A View crime details
Schools: 7    Average School Rating: C View individual school rating
Household Median Income: $55,869
Unemployment: 6.10%
Percentage of vacant homes: 6.89%