Home Values

60626 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

$143,100

  • 2.1% 1-year change
  • -0.1% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in 60626 is $143,100. 60626 home values have gone up 2.1% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in 60626 is $155, which is lower than the Chicago average of $182. The median price of homes currently listed in 60626 is $195,000 while the median price of homes that sold is $134,700. The median rent price in 60626 is $1,025, which is lower than the Chicago median of $1,725.

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 60626 is 5.0%, 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 60626 homeowners underwater on their mortgage is 45.2%, which is higher than Chicago at 33.1%.

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Relative ZHVI
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60626 Market Overview

Data through Oct 31, 2014
  • $143,100 ZHVI
  • -0.1% 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
    (Oct 31, 2015)
  • $195,000 Median listing price
  • $134,700 Median sale price (Sep 30, 2014)
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60626 Market Health

Data through Oct 31, 2014
  • 0.9/10 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
  • 45.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
60201 $398,100
60203 $381,000
60202 $259,700
Name Median ZHVI
60625 $256,900
60659 $254,900
60640 $192,800
Name Median ZHVI
60613 $191,200
60645 $171,200
60660 $169,000

Listings & Sales

Data through Oct 31, 2014
  • $155 Median list price / sq ft
  • $142 Median sale price / sq ft
  • 45.8% Listings with price cut
35.1%
Sold below listing
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60626 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,609 60626
    $1,695 Chicago
    $1,337 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,025 Rent list price
  • $1.32 Rent list price / sq ft
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