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

Housing Market Conditions



Gauge showing Wheeling is a seller's market


Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Wheeling, IL

How much do homes in Wheeling, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Wheeling have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Wheeling was $270,000 in November 2023, up 8.2% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $110.9K$145K
2 $211.2K$216K
3 $270K$290K
4 $355K$400K
5+ $397.5K$527.5K

Summary: Wheeling housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 30.7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 32.7%.

Median Sold Price Compared To Nearby Cities

Prospect Heights
Arlington Heights
Wheeling Township
Buffalo Grove

Housing Supply in Wheeling, IL

How many homes are available in Wheeling, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Wheeling real estate market had 103 homes for sale in November 2023, a 13.2% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 79
2 3541
3 3743
4 97
5+ 33

Summary: The Wheeling housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheeling, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Wheeling in November 2023, the same as the previous month. Of the 23 sold homes, 43% were sold under asking, 17% were sold at asking, and 39% were sold over asking.

Days on Market for Wheeling, IL

How long does it take to sell a home in Wheeling, IL?

Average Sale Time

Nov 2022Nov 2023CHANGE
29 Days8 Days-71.7%

Summary: Homes in Wheeling had an average of 8 days on market in Nov 2023, down by 71.7% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 23 homes were sold in Wheeling; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Wheeling, IL

Nearby Markets to Wheeling, IL

What housing markets are near Wheeling, IL?