Home Values

De Motte 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in De Motte is $92, which is lower than the Chicago Metro average of $130. The median price of homes currently listed in De Motte is $131,500 while the median price of homes that sold is $134,941.

Foreclosures will be a factor impacting home values in the next several years. In De Motte 64.1 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

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 De Motte is 5.6%, which is lower than the national value of 6.3%. 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 De Motte homeowners underwater on their mortgage is 13.5%, which is lower than Chicago Metro at 25.1%.

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Relative ZHVI
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De Motte Market Overview

Data through Feb 28, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • $131,500 Median listing price
  • No recent data Median sale price
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De Motte Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 13.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Kouts $169,500
Lowell $167,800
Hebron $165,500
Name Median ZHVI
Wheatfield $156,400
Lake Village $134,400
Roselawn $130,700
Name Median ZHVI
Rensselaer $120,000
 
 

Listings & Sales

Data through Feb 28, 2015
  • $92 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 6.2% Listings with price cut
33.6%
Sold below listing
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De Motte Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,199 De Motte
    $1,600 Chicago Metro
    $1,355 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
  • No data Rent list price / sq ft
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