Real Estate Market Update for Wheeling, IL

Video: Real Estate Community Tour for Wheeling, IL

See Real estate community tour for Wheeling, IL
Welcome to January's Market Update. Lets take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 33% from one year earlier, and down 24% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 230-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 9%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 180-thousand dollars. The number of units sold decreased 25% year-over-year, and decreased 51% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Wheeling, IL
Area Information for Wheeling, IL
  • Population: 39,572
  • Median Age: 38.67 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 4
  • Sales Tax: 10%
  • Population Density: 4,561/sq mi
  • Population Change Since 2000: 7.45%
  • Closest Airport: Chicago O'hare International
  • Closest College: I T T Technical Institute-mount Prospect
  • Closest Jr. College: Worsham College-mortuary Science
  • Median Household Income: $58,700
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $156,250
  • Closest Major Sports Team: Chicago Sky
  • Change Avg. Household Income Since 2000: 10.83%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Wheeling, IL
Median Age: 38.67 Married: 43% Number of Households: 15,229 Households with Children: 4,551
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Wheeling, IL

      School Name Distance Type Grades School Rating Parent Rating
      Oliver W Holmes Middle School 0.4 mi Public 6-8 2 0
      J Slowacki School 0.6 mi Private PRESCHOOL-11 0 0
      Mark Twain Elementary School 0.6 mi Public PRESCHOOL-5 1 0
      Hawthorne Early Childhood Center 0.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      Walt Whitman Elementary School 0.7 mi Public PRESCHOOL-5 1 0
      Poko Loko Child Care Center 0.8 mi Private PRESCHOOL-K 0 0
      Wheeling High School 0.9 mi Public 9-12 3 3
      Jack London Middle School 1.2 mi Public 6-8 3 3
      Eugene Field Elementary School 1.4 mi Public K-5 1 0
      Learning House 1.4 mi Private 8-12 0 0
      Kindercare Learning Center - Schoenbeck 1.4 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Center - Lake Cook 1.5 mi Private PRESCHOOL-7 0 0
      Booth Tarkington Elementary School 1.5 mi Public K-5 2 0
      Alexander Graham Bell Montessori 1.5 mi Private PRESCHOOL-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Wheeling, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.