Is Wheeling Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wheeling Township has remained a Seller's Market.
Housing Prices in Wheeling Township, IL
How much do homes in Wheeling Township, IL cost?
Median Sold Price
$349,910
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wheeling Township was $349,910 in May 2024, up 4.4% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129.9K | $150K | +15.5% |
2 Bedrooms | $215K | $243.2K | +13.1% |
3 Bedrooms | $355.7K | $380.2K | +6.9% |
4 Bedrooms | $484.1K | $539.8K | +11.5% |
5+ Bedrooms | $553.8K | $682.5K | +23.2% |
Summary: Wheeling Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 23.2%.
Median Sold Price Compared To Nearby Cities
Arlington Heights | $380.1K | $420.3K | +10.6% |
Mount Prospect | $359.2K | $382K | +6.3% |
Wheeling | $260K | $274.5K | +5.6% |
Wheeling Township | $335.3K | $349.9K | +4.4% |
Prospect Heights | $295K | $278.8K | -5.5% |
Housing Supply in Wheeling Township, IL
How many homes are available in Wheeling Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
490 | 519 | +5.9% |
Summary: The Wheeling Township real estate market had 519 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 34 | 29 | -14.7% |
2 Bedrooms | 159 | 161 | +1.3% |
3 Bedrooms | 170 | 179 | +5.3% |
4 Bedrooms | 100 | 122 | +22.0% |
5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Wheeling Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.7%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
190 | 180 | -5.3% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
93 Homes Were Sold
Over Asking
Summary: A total of 180 homes were sold or pending in Wheeling Township in May 2024, down by 5.3% month-over-month. Of the 180 sold homes, 31% were sold under asking, 17% were sold at asking, and 52% were sold over asking.
Days on Market for Wheeling Township, IL
How long does it take to sell a home in Wheeling Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 18 Days | +54.1% |
Summary: Homes in Wheeling Township had an average of 18 days on market in May 2024, up by 54.1% compared to last year.
Breakdown of Home Sale Times
157 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 180 homes were sold in Wheeling Township; 87% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.