Housing Market Report for Jack London Middle School, Wheeling, IL

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This housing market report uses absorption rates to track supply and demand for Jack London Middle School, Wheeling, IL. With 1.4 months of inventory across all segments, conditions currently favor sellers — demand is outpacing supply, homes tend to sell quickly, and prices are likely holding firm or rising. Use the tables below to explore specific price ranges and property types in detail. [Last updated: September 15, 2026]

What is an Absorption Rate? How is Absorption Rate calculated? How is Months of Inventory calculated? Market Conditions Guide

Seller's Market

Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market

3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market

Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

Houses

Hottest Segment 🔥

$475k – $500k

Absorption rate of 0.2, with 6 months of inventory.

Coolest Segment ❄️

$475k – $500k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active

$250k – $275k

0 active listings with 2 sold in the last 6 months.

Market Overview

All Segments

The overall market favors sellers with just 0.4 months of inventory.

List Price	Available	Sold Last 6 Months	Under Contract	Absorption Rate	Months of Inventory	Market
250k-275k		2		0.3	0	Seller's

$255,000 267 10th St. Wheeling, IL $259,900 291 3rd St. Wheeling, IL

350k-375k		2	2	0.3	0	Seller's

$370,000 56 Birch Tr. Wheeling, IL $370,000 41 Redwood Tr. Wheeling, IL
$370,000 56 Birch Tr. Wheeling, IL $370,000 41 Redwood Tr. Wheeling, IL
375k-400k		2		0.3	0	Seller's

$380,000 1008 Woodland Dr. Wheeling, IL $390,000 1011 Beverly Dr. Wheeling, IL

400k-425k		2		0.3	0	Seller's

$414,500 65 Laurel Tr. Wheeling, IL $410,000 1101 Anthony Rd. Wheeling, IL

425k-450k		1		0.2	0	Seller's

$450,000 271 9th St. Wheeling, IL

475k-500k	1	1		0.2	6	Balanced
$499,900 1120 Valley Stream Dr. Wheeling, IL
$499,000 35 Meyerson Way Wheeling, IL

500k-550k		2		0.3	0	Seller's

$539,000 8 Charles Ct. Buffalo Grove, IL $545,000 100 Picardy Ln. Wheeling, IL

650k-700k		1		0.2	0	Seller's

$673,000 810 Vera Ln. Wheeling, IL

700k-750k		1		0.2	0	Seller's

$735,000 262 9th St. Wheeling, IL

Townhouses

Hottest Segment 🔥

$275k – $300k

Absorption rate of 0.5, with 2 months of inventory.

Coolest Segment ❄️

$450k – $475k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active

$275k – $300k

1 active listings with 3 sold in the last 6 months.

Market Overview

All Segments

The overall market favors sellers with just 1.3 months of inventory.

List Price	Available	Sold Last 6 Months	Under Contract	Absorption Rate	Months of Inventory	Market
250k-275k		1		0.2	0	Seller's

$265,000 822 Colonial Dr. #B Wheeling, IL

275k-300k	1	3	2	0.5	2	Seller's
$285,000 889 Oxford Pl. Wheeling, IL
$285,000 842 Colonial Dr. #B Wheeling, IL $285,000 852 Colonial Dr. #E Wheeling, IL $300,000 1631 Bow Tr. Wheeling, IL
$285,000 852 Colonial Dr. #E Wheeling, IL $300,000 1631 Bow Tr. Wheeling, IL
300k-325k		2		0.3	0	Seller's

$315,000 1675 Hopi Tr. Wheeling, IL $315,000 413 Buffalo Tr. Wheeling, IL

325k-350k	1	2	2	0.3	3	Balanced
$334,900 1777 Shoshonee Tr. Wheeling, IL
$340,000 793 Lakeside Circle Dr. Wheeling, IL $330,000 496 S Navajo Tr. Wheeling, IL
$340,000 793 Lakeside Circle Dr. Wheeling, IL $330,000 496 S Navajo Tr. Wheeling, IL
350k-375k		1		0.2	0	Seller's

$360,500 710 Bayside Ct. Wheeling, IL

450k-475k	1	1		0.2	6	Balanced
$455,000 1419 Chippewa Tr. Wheeling, IL
$460,000 17 Grey Wolf Dr. Wheeling, IL

475k-500k		1		0.2	0	Seller's

$490,000 60 Grey Wolf Dr. Wheeling, IL

500k-550k		1		0.2	0	Seller's

$510,000 81 Timber Wolf Dr. Wheeling, IL

650k-700k		2	1	0.3	0	Seller's

$670,000 70 Prairie Ct. Wheeling, IL $679,900 82 Prairie Ct. Wheeling, IL
$679,900 82 Prairie Ct. Wheeling, IL

Condos

Hottest Segment 🔥

$325k – $350k

Absorption rate of 0.5, with 2 months of inventory.

Coolest Segment ❄️

$225k – $250k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active

$325k – $350k

1 active listings with 3 sold in the last 6 months.

Market Overview

All Segments

The overall market favors sellers with just 2.5 months of inventory.

List Price	Available	Sold Last 6 Months	Under Contract	Absorption Rate	Months of Inventory	Market
150k-175k		1		0.2	0	Seller's

$172,000 200 Deborah Ln. #17A Wheeling, IL

175k-200k		1		0.2	0	Seller's

$178,000 266 12th St. #3B Wheeling, IL

200k-225k		3		0.5	0	Seller's

$210,000 872 Cambridge Pl. #126D Wheeling, IL $210,000 813 Valley Stream Dr. #D Wheeling, IL $204,000 127 N Wolf Rd. #58A Wheeling, IL

225k-250k	1	1		0.2	6	Balanced
$250,000 1059 Southbury Ln. Wheeling, IL
$249,999 190 N Milwaukee Ave. #401 Wheeling, IL

250k-275k	1	1		0.2	6	Balanced
$259,900 540 Wynn Ct. Wheeling, IL
$255,000 [Address Hidden by Seller] Wheeling, IL

275k-300k		1		0.2	0	Seller's

$280,000 190 N Milwaukee Ave. #607 Wheeling, IL

300k-325k	2	2	1	0.2	6	Balanced
$320,000 606 Bridgeport Pl. Wheeling, IL $314,900 1538 Springview Ct. #A1 Wheeling, IL
$325,000 1528 Chippewa Tr. Wheeling, IL $325,000 40 Prairie Park Dr. #308 Wheeling, IL
$325,000 40 Prairie Park Dr. #308 Wheeling, IL
325k-350k	1	3		0.5	2	Seller's
$330,000 45 Prairie Park Dr. #208 Wheeling, IL
$329,000 638 Lakeside Circle Dr. Wheeling, IL $336,500 1775 Lakeview Dr. #A Wheeling, IL $334,500 620 Mchenry Rd. #104 Wheeling, IL

350k-375k	1	1		0.2	6	Balanced
$370,000 45 Prairie Park Dr. #308 Wheeling, IL
$360,000 100 N Milwaukee Ave. #503 Wheeling, IL

400k-425k		1		0.2	0	Seller's

$415,000 100 Prairie Park Dr. #207 Wheeling, IL

425k-450k	1	1		0.2	6	Balanced
$429,900 100 Prairie Park Dr. #701 Wheeling, IL
$430,000 115 Prairie Park Dr. #502 Wheeling, IL

500k-550k		1		0.2	0	Seller's

$525,000 45 Prairie Park Dr. #409 Wheeling, IL