Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $169,900
    10% ( $14,900 ) vs May 2014
  • Median Sales Price
    $123,000
    16% ( $23,250 ) vs May 2014
  • Median Foreclosure Sales Price
    $120,000
    8% ( $10,750 ) vs May 2014
  • Foreclosures 274
    Homes for Sale 71
    Recently Sold 111

Market Summary

There are currently 274 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 71.

In June, the number of properties that received a foreclosure filing in Wheeling, IL was 35% lower than the previous month and 35% lower than the same time last year.

Home sales for May 2015 were up 0% compared with the previous month, and down 66% compared with a year ago. The median sales price of a non-distressed home was $123,000. The median sales price of a foreclosure home was $120,000, or 2% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$120,000 (Median Foreclosure Sales Price) $130,750 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $116,500 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $118,250 (Median Foreclosure Sales Price) $123,000 (Median Sales Price) $146,250 (Median Sales Price) $152,250 (Median Sales Price) $151,250 (Median Sales Price) $146,250 (Median Sales Price) $150,000 (Median Sales Price) $120,000 (Median Foreclosure Sales Price) $130,750 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $116,500 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $118,250 (Median Foreclosure Sales Price) $123,000 (Median Sales Price) $146,250 (Median Sales Price) $152,250 (Median Sales Price) $151,250 (Median Sales Price) $146,250 (Median Sales Price) $150,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Palatine
84
27.6
% (y-o-y)
$250,000
13.6
% (y-o-y)
51.8%
44.2
% (y-o-y)
Des Plaines
80
33.3
% (y-o-y)
$171,000
8.9
% (y-o-y)
22.2%
39.2
% (y-o-y)
Schaumburg
78
36.1
% (y-o-y)
$182,000
13.7
% (y-o-y)
30.2%
35.9
% (y-o-y)
Arlington Heights
77
48.3
% (y-o-y)
$315,500
19.1
% (y-o-y)
32.5%
47.2
% (y-o-y)
Mount Prospect
62
21.5
% (y-o-y)
$247,500
1.0
% (y-o-y)
12.1%
30.6
% (y-o-y)
Northbrook
52
8.8
% (y-o-y)
$435,000
25.7
% (y-o-y)
33.6%
19.1
% (y-o-y)
Buffalo Grove
44
24.1
% (y-o-y)
$227,500
18.8
% (y-o-y)
5.9%
35.5
% (y-o-y)
Glenview
40
27.3
% (y-o-y)
$418,750
2.4
% (y-o-y)
52.1%
42.4
% (y-o-y)
Lake Zurich
35
43.5
% (y-o-y)
$456,250
17.0
% (y-o-y)
29.1%
10.3
% (y-o-y)
Highland Park
27
48.1
% (y-o-y)
$380,000
20.2
% (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: 4.80%
Percentage of vacant homes: 6.89%