Gilberts Home Prices & Values

$233,000 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

  • 14.8% 1-year change
  • 3.5% 1-year forecast

The median home value in Gilberts is $233,000. Gilberts home values have gone up 14.8% over the past year and Zillow predicts they will rise 3.5% within the next year. The median price of homes currently listed in Gilberts is $217,990 while the median price of homes that sold is $238,000. The median rent price in Gilberts is $1,450, which is lower than the Chicago Metro median of $1,638.

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 Gilberts is 5.7%, which is lower than the national value of 7.2%. 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 Gilberts homeowners underwater on their mortgage is 44.4%, which is higher than Chicago Metro at 28.1%.

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Relative ZHVI
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Gilberts Market Overview

Data through Jul 31, 2014
  • $233,000 ZHVI
  • 3.5% 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

    (Jul 31, 2015)
  • $217,990 Median listing price
  • No recent data Median sale price
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Gilberts Market Health

Data through Jul 31, 2014
  • 2.6/10 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
  • 44.4% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Village of Lakewood $339,100 Sleepy Hollow $278,500 West Dundee $231,000
Algonquin $216,500 Huntley $214,000 Pingree Grove $185,500
Lake in the Hills $182,400 Elgin $147,900 Carpentersville $121,000

Listings & Sales

Data through Jul 31, 2014
  • $104 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 36.7% Listings with price cut
68.1%
Sold below listing
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Gilberts Rentals

Data through Jul 31, 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
$1,854 Gilberts
$1,639 Chicago Metro
$1,318 United States
  • 3.0 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
  • $0.91 Rent list price / sq ft (May 31, 2014)
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