Is Wheeling Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$346,737
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wheeling Township was $346,737 in March 2024, up 3.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $150K | +20.0% |
2 Bedrooms | $211.4K | $234.9K | +11.1% |
3 Bedrooms | $355.5K | $375.3K | +5.6% |
4 Bedrooms | $487.1K | $526.6K | +8.1% |
5+ Bedrooms | $556.6K | $620K | +11.4% |
Summary: Wheeling Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Cities
Mount Prospect | $352.2K | $380.2K | +7.9% |
Arlington Heights | $383.3K | $410.5K | +7.1% |
Prospect Heights | $267.5K | $285K | +6.5% |
Wheeling | $256.5K | $272K | +6.0% |
Wheeling Township | $334.9K | $346.7K | +3.5% |
Housing Supply in Wheeling Township, IL
How many homes are available in Wheeling Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
367 | 441 | +20.2% |
Summary: The Wheeling Township real estate market had 441 homes for sale in March 2024, a 20.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 34 | 37 | +8.8% |
2 Bedrooms | 113 | 142 | +25.7% |
3 Bedrooms | 129 | 147 | +14.0% |
4 Bedrooms | 64 | 91 | +42.2% |
5+ Bedrooms | 27 | 24 | -11.1% |
Summary: The Wheeling Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 42.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
98 | 126 | +28.6% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Summary: A total of 126 homes were sold or pending in Wheeling Township in March 2024, up by 28.6% month-over-month. Of the 126 sold homes, 41% were sold under asking, 9% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 27 Days | -1.5% |
Summary: Homes in Wheeling Township had an average of 27 days on market in Mar 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 126 homes were sold in Wheeling Township; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.