60140 Home Prices & Values

$211,000 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

  • 12.3% 1-year change
  • 0.6% 1-year forecast

Market Temperature: WarmWhat'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 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

Buyers' Market Sellers' Market

The median home value in 60140 is $211,000. 60140 home values have gone up 12.3% over the past year and Zillow predicts they will rise 0.6% within the next year. The median price of homes currently listed in 60140 is $229,900 while the median price of homes that sold is $230,000. The median rent price in 60140 is $1,495, which is lower than the Chicago Metro median of $1,547.

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 60140 is 7.0%, 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 60140 homeowners underwater on their mortgage is 40.3%, which is higher than Chicago Metro at 28.1%.

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Relative ZHVI
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60140 Market Overview

Data through May 31, 2014
  • $211,000 ZHVI
  • 0.6% 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

    (May 31, 2015)
  • $229,900 Median listing price
  • $230,000 Median sale price
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60140 Market Health

Data through May 31, 2014
  • 1.0/10 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
  • 40.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 7.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
60175 $355,500 60124 $264,100 60136 $221,600
60142 $203,300 60180 $193,800 60151 $192,300
60156 $173,400 60178 $150,400 60135 $142,600

Listings & Sales

Data through May 31, 2014
  • $114 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 22.6% Listings with price cut
63.8%
Sold below listing
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60140 Rentals

Data through May 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
$1,792 60140
$1,630 Chicago Metro
$1,310 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)
  • $1,495 Rent list price
  • $0.89 Rent list price / sq ft
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