Housing in Wheeling, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$300,750
Median List Price
$299,900
Price Per Sq Ft
$212
Days on Market
77
Active Inventory
70
Months of Supply
5.8
Balanced market
Zillow Home Value
$295,565
ZHVI — January 2026
Zillow Rent Index
$1,978
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
16.7%
Off Market in 2 Weeks
35.3%
Sale-to-List Ratio
97.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
12
New Listings
34
Pending Sales
34
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$212
Median List $/SF
$235
Wheeling vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Wheeling is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$244,600
Median Rent
$1,578
Total Housing Units
16,055
Vacancy Rate
4.7%
Owner Occupied
61.4%
Renter Occupied
38.6%
Median Property Tax
$5,838
per year
Monthly Cost (w/ Mortgage)
$1,497
Housing Types
The current median sale price in Wheeling, IL is $300,750 according to Redfin data. Homes spend a median of 77 days on the market. 16.7% of homes sold above asking price. The market has 5.8 months of supply. The median price per square foot is $212. Zillow's observed rent index is $1,978/month. About 61.4% of housing units are owner-occupied. The median year homes were built is 1980. There are 16,055 total housing units.