The housing market in Wheeling continues to see strong price appreciation, with values up 27.6% compared to last year. The median home price of $325,500 represents a substantial 27.6% increase from this time last year. At the current pace, all available homes in Wheeling would sell out in just 1.7 months, indicating a continued supply shortage. Homes are taking about 53 days to sell, which is 3 days longer than this time last year. Approximately 37.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Wheeling market with the affordability index at 43.0. Based on current market indicators, home prices in Wheeling are projected to decrease by approximately 10.5% over the next month.
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