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Sunday, November 17, 2024

Q2 real estate sales report: Wheeling

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Median prices rose in Wheeling over last year, and are up 5.7 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 148 homes sold in Wheeling for a median price of $206,250. That's 9.3 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 8 homes in Wheeling were in foreclosure.

Median property tax for homeowners in Wheeling was $5,076.02 in 2017 according to tax data from that year. That means homeowners pay 2.7 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Wheeling real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
64
$195,098
-
2010
104
$189,525
-2.9%
2011
79
$118,650
-37.4%
2012
117
$116,085
-2.2%
2013
131
$113,400
-2.3%
2014
103
$151,050
33.2%
2015
106
$153,700
1.8%
2016
126
$168,000
9.3%
2017
172
$188,700
12.3%
2018
148
$206,250
9.3%

Median property tax
Median sale price
Effective property tax rate
2009
$5,404.58
$195,098
2.8%
2010
$4,575.81
$189,525
2.4%
2011
$4,093.92
$118,650
3.5%
2012
$4,218.12
$116,085
3.6%
2013
$3,632.01
$113,400
3.2%
2014
$3,541.09
$151,050
2.3%
2015
$3,985.81
$153,700
2.6%
2016
$4,337.49
$168,000
2.6%
2017
$5,076.01
$188,700
2.7%

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