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Wheeling Real Estate & Homes for Sale in Illinois

Wheeling: This village of 35,000 is located in the heart of Chicago?s northwestern suburbs. Wheeling has experienced tremendous growth over the past few decades, with new residents and businesses moving to the community in droves. The local economy is strong and diverse. Industries as varied as retail trade, insurance, real estate, education, manufacturing and public management provide a great number of employment opportunities. Transportation is easy and convenient, with Interstate 94, the Metra rail system and Chicago O?Hare International Airport all available to residents. Wheeling is home to a number of civic and religious organizations, a strong parks and recreation department and two library systems. Events are hosted throughout the year by the city, including large celebrations on the major holidays. Local public school students are served by a number of highly regarded districts. Plenty of colleges and universities are nearby as well for those interested in pursuing higher education. Additionally, world-class cuisine, culture and arts, sports and more can all be enjoyed only an hour away in the Windy City. Real estate options in Wheeling include condominiums, townhouses, single-family homes and estate homes. Wheeling?s residents enjoy diverse culture and opportunity in a small town without sacrificing the benefits of a big city.

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Wheeling Real Estate Info - Prices of Wheeling Homes for Sale

Available real estate in Wheeling consists mostly of single-family detached homes in a wide variety of sizes and prices. The more affordable homes begin at just under $200,000 and generally have two or three bedrooms. Larger estate properties with more than three bedrooms start at the mid-$400,000s. Many Wheeling homes contain fireplaces, recreation rooms, hot tubs and saunas, and some are located on spacious treed lots of up to an acre in size. There are also a number of condominiums and townhouses available in the area, mostly in the two and three bedroom range. Prices for these condominiums and townhouses begin at the low $100,000s and range up to the high $300,000s. Land and lots for custom construction are limited but available.

Wheeling Real Estate Stats and Trends for the week of April 18th, 2020: homes priced around $339,145 compared to $340,625 the previous week, for a slight decrease of less than -1%.  For Saturday, April 18th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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