Altos Market Data for Realtors

Wheeling, IL

Single-Family Homes

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Wheeling, IL

Tue Sep 21 2021
This week the median list price for Wheeling, IL is $272,400 with the market action index hovering around 64. This is less than last month's market action index of 70. Inventory has increased to 18. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Wheeling, IL

Tue Sep 21 2021
This week the median list price for Wheeling, IL is $272,400 with the market action index hovering around 64. This is less than last month's market action index of 70. Inventory has increased to 18. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Wheeling market.
Median List Price $272,400
Median Price of New Listings $229,500
Per Square Foot $204
Average Days on Market 56
Median Days on Market 39
Price Decreased 28%
Price Increased 6%
Relisted 33%
Inventory 18
Median Rent $989
Market Action 64
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$432,450 2,312 8,000 - 10,000 sqft 4 2 28 0 1 59
$344,500 1,883 8,000 - 10,000 sqft 4 2 64 1 1 56
$269,900 1,033 6,500 - 8,000 sqft 3 1 63 0 2 42
$235,000 1,026 6,500 - 8,000 sqft 3 1 63 3 1 7