New Weakening in Contracts for Wheeling Real Estate Market

Sales fell to 42 homes sold in the Wheeling market over the last 30 days. Furthermore, an established downturn in the number of pending transactions continued, with 56 completed in the same period. As contracts trended lower, prices have also been falling. The median sales price dropped to $181,587, extending a four-week long spiral. Despite the falling contracts numbers and prices, there are only three months of inventory remaining, indicating that Wheeling is still a seller's market.

If you don't want to spend too much for a home, start by taking a look a these affordable listings in Wheeling:

$109K   $118K   $119K  

Get started right now by checking out Wheeling homes for sale or reviewing Wheeling real estate trends.

Demographic facts about Wheeling:

  • The median house value here is $128,900.
  • The area gets an average of 109 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 10.3%.
  • The student-to-teacher ratio is 16.0:1. (15.3:1 = national average)

Data reported through 10/12/2016


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