Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $164,900
    3% ( $5,000 ) vs Oct 2013
  • Median Sales Price
    $151,000
    2% ( $3,500 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $122,500
    1% ( $1,500 ) vs Oct 2013
  • Foreclosures 324
    Homes for Sale 33
    Recently Sold 359

Market Summary

There are currently 324 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 33.

In November, the number of properties that received a foreclosure filing in Wheeling, IL was 30% lower than the previous month and 18% lower than the same time last year.

Home sales for October 2014 were up 27% compared with the previous month, and down 4% compared with a year ago. The median sales price of a non-distressed home was $151,000. The median sales price of a foreclosure home was $122,500, or 19% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$122,500 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure 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) $151,000 (Median Sales Price) $147,500 (Median Sales Price) $156,500 (Median Sales Price) $147,000 (Median Sales Price) $145,000 (Median Sales Price) $130,000 (Median Sales Price) $122,500 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure 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) $151,000 (Median Sales Price) $147,500 (Median Sales Price) $156,500 (Median Sales Price) $147,000 (Median Sales Price) $145,000 (Median Sales Price) $130,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
183
30.7
% (y-o-y)
$196,500
8.6
% (y-o-y)
19.1%
42.3
% (y-o-y)
Palatine
159
14.4
% (y-o-y)
$248,000
3.3
% (y-o-y)
59.5%
65.9
% (y-o-y)
Des Plaines
153
9.3
% (y-o-y)
$190,000
15.2
% (y-o-y)
37.1%
38.8
% (y-o-y)
Arlington Heights
142
0.7
% (y-o-y)
$297,500
3.6
% (y-o-y)
39.2%
46.0
% (y-o-y)
Glenview
91
33.8
% (y-o-y)
$350,000
10.9
% (y-o-y)
Data not available
Mount Prospect
91
31.9
% (y-o-y)
$268,500
10.5
% (y-o-y)
15.3%
56.8
% (y-o-y)
Buffalo Grove
85
23.2
% (y-o-y)
$267,000
4.2
% (y-o-y)
38.2%
44.4
% (y-o-y)
Northbrook
82
15.5
% (y-o-y)
$440,000
3.3
% (y-o-y)
15.9%
39.6
% (y-o-y)
Lake Zurich
62
1.6
% (y-o-y)
$390,000
4.6
% (y-o-y)
9.4%
28.4
% (y-o-y)
Libertyville
52
30.0
% (y-o-y)
$395,000
7.1
% (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: 4.50%
Percentage of vacant homes: 6.89%