Is Wheeling Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wheeling Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Wheeling Township has remained a Seller's Market.

Key Takeaway

Wheeling Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$14,513(+4.3%)

Key Takeaway

Homes in Wheeling Township have sold for 4.3% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $126.5K$151K
+19.4%
2 $214.9K$238.4K
+11.0%
3 $355K$380K
+7.0%
4 $483.8K$531.3K
+9.8%
5+ $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
+9.6%
Mount Prospect
+8.0%
Prospect Heights
+5.5%
Wheeling
+5.1%
Wheeling Township
+4.3%

Housing Supply in Wheeling Township, IL

How many homes are available in Wheeling Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
431486+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

# BEDSMar 2024Apr 2024CHANGE
1 3332
-3.0%
2 140164
+17.1%
3 143163
+14.0%
4 90101
+12.2%
5+ 2526
+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 2024Apr 2024CHANGE
133173+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheeling Township, you could pay more than the asking price. 51.4% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
13 Days16 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wheeling Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Wheeling Township, IL

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