Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $159,900
    1% ( $900 ) vs Aug 2013
  • Median Sales Price
    $156,500
    6% ( $9,500 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $140,000
    13% ( $16,000 ) vs Aug 2013
  • Foreclosures 353
    Homes for Sale 63
    Recently Sold 352

Market Summary

There are currently 353 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 September, the number of properties that received a foreclosure filing in Wheeling, IL was 10% lower than the previous month and 40% lower than the same time last year.

Home sales for August 2014 were up 62% compared with the previous month, and down 26% compared with a year ago. The median sales price of a non-distressed home was $156,500. The median sales price of a foreclosure home was $140,000, or 11% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$140,000 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure Sales Price) $123,500 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $121,750 (Median Foreclosure Sales Price) $130,000 (Median Foreclosure Sales Price) $156,500 (Median Sales Price) $147,000 (Median Sales Price) $145,000 (Median Sales Price) $130,000 (Median Sales Price) $129,000 (Median Sales Price) $107,500 (Median Sales Price) $140,000 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure Sales Price) $123,500 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $121,750 (Median Foreclosure Sales Price) $130,000 (Median Foreclosure Sales Price) $156,500 (Median Sales Price) $147,000 (Median Sales Price) $145,000 (Median Sales Price) $130,000 (Median Sales Price) $129,000 (Median Sales Price) $107,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
124
47.2
% (y-o-y)
$205,000
7.0
% (y-o-y)
23.9%
49.2
% (y-o-y)
Arlington Heights
109
47.3
% (y-o-y)
$308,500
6.4
% (y-o-y)
61.4%
52.6
% (y-o-y)
Des Plaines
94
49.7
% (y-o-y)
$180,500
6.8
% (y-o-y)
11.4%
33.1
% (y-o-y)
Palatine
91
47.7
% (y-o-y)
$253,500
1.4
% (y-o-y)
58.8%
68.2
% (y-o-y)
Buffalo Grove
75
36.4
% (y-o-y)
$270,000
0.7
% (y-o-y)
33.8%
54.0
% (y-o-y)
Mount Prospect
64
40.7
% (y-o-y)
$258,750
5.0
% (y-o-y)
56.1%
43.2
% (y-o-y)
Libertyville
62
20.5
% (y-o-y)
$432,500
0.6
% (y-o-y)
21.4%
26.0
% (y-o-y)
Northbrook
61
29.9
% (y-o-y)
$436,000
2.6
% (y-o-y)
51.0%
34.7
% (y-o-y)
Lake Zurich
59
43.8
% (y-o-y)
$375,000
8.0
% (y-o-y)
27.3%
32.4
% (y-o-y)
Glenview
59
35.9
% (y-o-y)
$384,500
7.7
% (y-o-y)
7.7%
49.6
% (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: 4.40%
Percentage of vacant homes: 6.89%