Wheeling Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $151,390
    1% ( $1,390 ) vs Mar 2014
  • Median Sales Price
    $152,250
    1% ( $1,000 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $125,000
    7% ( $8,500 ) vs Mar 2014
  • Foreclosures 298
    Homes for Sale 64
    Recently Sold 187

Market Summary

There are currently 298 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 64.

In April, the number of properties that received a foreclosure filing in Wheeling, IL was 27% lower than the previous month and 38% higher than the same time last year.

Home sales for March 2015 were down 82% compared with the previous month, and down 91% compared with a year ago. The median sales price of a non-distressed home was $152,250. The median sales price of a foreclosure home was $125,000, or 18% lower than non-distressed home sales.

Sales Prices - Wheeling, IL




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$125,000 (Median Foreclosure Sales Price) $116,500 (Median Foreclosure Sales Price) $116,000 (Median Foreclosure Sales Price) $118,250 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $122,500 (Median Foreclosure Sales Price) $152,250 (Median Sales Price) $151,250 (Median Sales Price) $146,250 (Median Sales Price) $150,000 (Median Sales Price) $147,500 (Median Sales Price) $151,000 (Median 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) $112,500 (Median Foreclosure Sales Price) $122,500 (Median Foreclosure Sales Price) $152,250 (Median Sales Price) $151,250 (Median Sales Price) $146,250 (Median Sales Price) $150,000 (Median Sales Price) $147,500 (Median Sales Price) $151,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
51
42.0
% (y-o-y)
$187,500
10.3
% (y-o-y)
36.0%
13.2
% (y-o-y)
Palatine
35
55.7
% (y-o-y)
$180,000
12.7
% (y-o-y)
58.3%
61.0
% (y-o-y)
Arlington Heights
34
53.4
% (y-o-y)
$275,000
8.5
% (y-o-y)
26.2%
39.4
% (y-o-y)
Des Plaines
30
70.0
% (y-o-y)
$160,000
18.5
% (y-o-y)
Data not available
Buffalo Grove
25
37.5
% (y-o-y)
$243,500
13.9
% (y-o-y)
37.4%
30.2
% (y-o-y)
Mount Prospect
21
61.8
% (y-o-y)
$237,500
3.1
% (y-o-y)
26.7%
44.3
% (y-o-y)
Northbrook
18
66.7
% (y-o-y)
$425,000
21.4
% (y-o-y)
0.7%
17.1
% (y-o-y)
Lake Zurich
17
68.5
% (y-o-y)
$386,500
8.9
% (y-o-y)
36.2%
47.0
% (y-o-y)
Glenview
14
58.8
% (y-o-y)
$275,500
28.9
% (y-o-y)
19.4%
22.6
% (y-o-y)
Deerfield
13
61.8
% (y-o-y)
$485,000
21.3
% (y-o-y)
18.4%
24.4
% (y-o-y)

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: 5.80%
Percentage of vacant homes: 6.89%