Altos Market Data for Realtors

Wheeling, IL

Single-Family Homes

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Wheeling, IL

Sun Jul 06 2025
This week the median list price for Wheeling, IL is $374,500 with the market action index hovering around 73. This is about the same as last month's market action index of 73. Inventory has held steady at or around 10. Click here to stay informed with the Wheeling market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Wheeling, IL

Sun Jul 06 2025
This week the median list price for Wheeling, IL is $374,500 with the market action index hovering around 73. This is about the same as last month's market action index of 73. Inventory has held steady at or around 10. Click here to stay informed with the Wheeling market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Wheeling market.
Median List Price $374,500
Median Price of New Listings $335,000
Per Square Foot $283
Average Days on Market 34
Median Days on Market 21
Price Decreased 20%
Price Increased 0%
Relisted 40%
Inventory 10
Median Rent
Market Action 73
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$539,900 2,328 - 3 2.5 41 0 1 70
$426,950 1,731 - 4 2.3 67 0 0 63
$349,000 1,014 6,500 - 8,000 sqft 3 2 68 1 1 7
$326,500 1,030 4,500 - 6,500 sqft 3 1 67 0 0 14