Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $185,900
    1% ( $2,500 ) vs Mar 2015
  • Median Sales Price
    $165,000
    0% ( $0 ) vs Mar 2015
  • Median Foreclosure Sales Price
    $116,000
    1% ( $1,000 ) vs Mar 2015
  • Foreclosures 197
    Homes for Sale 65
    Recently Sold 262

Market Summary

There are currently 197 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 65.

In April, the number of properties that received a foreclosure filing in Wheeling, IL was 32% lower than the previous month and 64% lower than the same time last year.

Home sales for March 2016 were up 4% compared with the previous month, and up 700% 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 $116,000, or 30% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$116,000 (Median Foreclosure 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) $165,000 (Median 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) $116,000 (Median Foreclosure 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) $165,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
105
105.9
% (y-o-y)
$212,000
13.1
% (y-o-y)
38.4%
36.0
% (y-o-y)
Palatine
90
157.1
% (y-o-y)
$234,000
30.0
% (y-o-y)
53.4%
58.3
% (y-o-y)
Des Plaines
73
143.3
% (y-o-y)
$182,500
14.1
% (y-o-y)
48.2%
18.8
% (y-o-y)
Arlington Heights
72
111.8
% (y-o-y)
$279,500
1.6
% (y-o-y)
36.3%
26.2
% (y-o-y)
Mount Prospect
57
171.4
% (y-o-y)
$270,000
13.7
% (y-o-y)
48.0%
26.7
% (y-o-y)
Buffalo Grove
51
104.0
% (y-o-y)
$278,000
14.2
% (y-o-y)
40.2%
37.4
% (y-o-y)
Lake Zurich
49
188.2
% (y-o-y)
$365,000
5.6
% (y-o-y)
29.0%
36.2
% (y-o-y)
Glenview
48
242.9
% (y-o-y)
$349,500
26.9
% (y-o-y)
19.9%
19.4
% (y-o-y)
Northbrook
46
155.6
% (y-o-y)
$408,000
4.0
% (y-o-y)
29.0%
0.7
% (y-o-y)
Vernon Hills
39
254.5
% (y-o-y)
$325,000
33.7
% (y-o-y)
63.2%
32.5
% (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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