Is Wheeling Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$349,464
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wheeling Township was $349,464 in April 2024, up 4.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.5K | $151K | +19.4% |
2 Bedrooms | $214.9K | $238.4K | +11.0% |
3 Bedrooms | $355K | $380K | +7.0% |
4 Bedrooms | $483.8K | $531.3K | +9.8% |
5+ Bedrooms | $556.6K | $652.9K | +17.3% |
Summary: Wheeling Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
Arlington Heights | $380K | $416.4K | +9.6% |
Mount Prospect | $351.9K | $380.1K | +8.0% |
Prospect Heights | $274.7K | $290K | +5.5% |
Wheeling | $260K | $273.2K | +5.1% |
Wheeling Township | $334.9K | $349.4K | +4.3% |
Housing Supply in Wheeling Township, IL
How many homes are available in Wheeling Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
431 | 486 | +12.8% |
Summary: The Wheeling Township real estate market had 486 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 32 | -3.0% |
2 Bedrooms | 140 | 164 | +17.1% |
3 Bedrooms | 143 | 163 | +14.0% |
4 Bedrooms | 90 | 101 | +12.2% |
5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The Wheeling Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 173 | +30.1% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
89 Homes Were Sold
Over Asking
Summary: A total of 173 homes were sold or pending in Wheeling Township in April 2024, up by 30.1% month-over-month. Of the 173 sold homes, 29% were sold under asking, 19% were sold at asking, and 51% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 16 Days | +18.9% |
Summary: Homes in Wheeling Township had an average of 16 days on market in Apr 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
151 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 173 homes were sold in Wheeling Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.