Home Values

61701 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$105,700

  • 1.6% 1-year change
  • 2.0% 1-year forecast

The median home value in 61701 is $105,700. 61701 home values have gone up 1.6% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in 61701 is $54, which is lower than the Bloomington average of $86. The median price of homes currently listed in 61701 is $105,000 while the median price of homes that sold is $120,900.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 61701 is 4.4%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 61701 homeowners underwater on their mortgage is 13.4%, which is higher than Bloomington at 10.7%.

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Relative ZHVI
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61701 Market Overview

Data through Aug 31, 2014
  • $105,700 ZHVI
  • 2.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $105,000 Median listing price
  • $120,900 Median sale price
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61701 Market Health

Data through Aug 31, 2014
  • 4.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 13.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
61705 $206,400
61704 $190,700
61748 $174,400
Name Median ZHVI
61725 $154,700
61736 $153,000
61776 $150,400
Name Median ZHVI
61761 $146,500
61745 $136,900
61732 $122,500

Listings & Sales

Data through Aug 31, 2014
  • $54 Median list price / sq ft
  • $70 Median sale price / sq ft (Jul 31, 2014)
  • 50.1% Listings with price cut
27.9%
Sold below listing
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61701 Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $976 61701
    $1,090 Bloomington
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.88 Rent list price / sq ft
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