Edison Park Home Prices & Values

$321,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.7% 1-year change
  • 2.0% 1-year forecast

Market Temperature: Very HotWhat's This?
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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 neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Edison Park is $321,600. Edison Park home values have gone up 6.7% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Edison Park is $257, which is higher than the Chicago average of $197. The median price of homes currently listed in Edison Park is $299,900 while the median price of homes that sold is $310,588. The median rent price in Edison Park is $1,450, which is lower than the Chicago median of $1,645.

Relative ZHVI
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Edison Park Market Overview

Data through Jun 30, 2014
  • $321,600 ZHVI
  • 2.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $299,900 Median listing price
  • $310,588 Median sale price
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Edison Park Market Health

Data through Jun 30, 2014
  • 0.5/10 Less healthy What's This?  
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    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 of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Wildwood $431,600 Old Norwood Park $349,100 Norwood Park West $299,000
Norwood Park East $289,300 Schorsch Forest View $281,800 Big Oaks $274,400
Oriole Park $273,900 Union Ridge $270,900 O'Hare $112,200

Listings & Sales

Data through Jun 30, 2014
  • $257 Median list price / sq ft
  • $294 Median sale price / sq ft
  • 19.6% Listings with price cut
24.1%
Sold below listing
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Edison Park Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,948 Edison Park
$1,693 Chicago
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,450 Rent list price (May 31, 2014)
  • $1.44 Rent list price / sq ft (May 31, 2014)
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