Wheaton, IL

The table below lists all of the currently active single family detached and single family attached homes in Wheaton, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.

For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.

Active Listings

List Price Range # Listings Avg. Days on Mkt Less than $149,999 7 86 $150,000 - $199,999 37 154 $200,000 - $249,999 27 171 $250,000 - $299,999 60 184 $300,000 - $349,999 51 199 $350,000 - $399,999 44 176 $400,000 - $449,999 28 198 $450,000 - $499,999 30 181 $500,000 - $549,999 18 301 $550,000 - $599,999 16 186 $600,000 - $699,999 24 238 $700,000 - $799,999 21 206 $800,000 - $899,999 14 440 $900,000 - $999,999 10 262 $1,000,000 - $1,999,999 36 297

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 423 210 $394,900 $494,248 $1,949,900 $129,900 $209,066,709

This dignified neighborhood is in the heart of Wheaton. It is located in the Southwest portion of town, surrounded by the best Wheaton has to offer. To the South is Seven Gables Park; a 66 acre retreat with walking paths, ponds, playgrounds and ball fields.

To the West is the country’s first 18 hole golf course: Chicago Golf Club was just named the 7th most prestigious private club in America according to Golf Connoisseur Magazine. To the North is Whittier Elementary School, the state’s #1 public elementary (rated by ISAT Illinois State Achievement Test scores).

This established, prestigious neighborhood offers all that Wheaton has to give; caring neighbors, peaceful surroundings, and wonderful amenities at your fingertips.

For more information about homes or properties in Wheaton or DuPage County, call Sherry Spengel with Prudential Spengel Realty (630.408.1313). Are you buying a home in Wheaton? I can help you find your Dream Home. Are you selling a home in Wheaton? I can help market it to real buyers. Call today to find out how I can help you fulfill your dream.

A total of 480 single family homes sold in 2007; about 8% less than 2006.

It’s easy to get caught up in the doom and gloom media hype regarding real estate these
days. What we need to remember is that the media coverage tends to be national, not
local.

The local Wheaton real estate market, once again, held it’s own compared to the national
market. The numbers aren’t anything to jump up and down about; however, they don’t
seem as bad as other parts of the country.

There were 480 closed single family homes in Wheaton during 2007. The average sale
price was $433,156 with an average market time of 121 days. 2006 saw a total of 522
homes sold with an average sale price of $431,881 and a market time of 88 days.

Bottom line, there were less homes sold in 2007 with a longer market time. The price
difference increased less than $1500. Like I said, nothing to write home about, however it’s also
not nearly as bad as other parts of the country.

2007 Year End Home Sales for Single Family Wheaton Homes

What does this mean of sellers? Sellers need to price their homes competitively. They
need to make sure it shows well for every potential buyer that walks thru the door. They
also need to make sure that their real estate agent is marketing the home in as many
places as possible to reach the most buyers.

As I ran my end of year report for available land in Wheaton, I was shocked to find out that not one vacant piece of property closed in the entire year. 2006 saw 7 sales with an average sale price of $355,000.

There are currently 47 parcels of land available with an average asking price of $475,000.

The bulk of the lots available are in Amberwood Estates. This is a new 33 unit luxury subdivision in the Southwest part of Wheaton. It used to be the property of the Sunny Ridge Family Center. Twenty-one of these parcels are available ranging in price from $440,000 to $499,000.

We have three parcels listed in Amberwood Estates, two already have contracts. Whiteford Homes is the builder and they are listed as single family homes instead of vacant land.

It will be very interesting to see what happens to Wheaton land sales in 2008. With zero properties sold in 2007, things can only look up for 2008!