Home Values

53121 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

$179,400

  • 7.9% 1-year change
  • None 1-year forecast

The median home value in 53121 is $179,400. 53121 home values have gone up 7.9% over the past year. The median price of homes currently listed in 53121 is $238,000 while the median price of homes that sold is $168,050. The median rent price in 53121 is $1,600.

Foreclosures will be a factor impacting home values in the next several years. In 53121 2.3 homes are foreclosed (per 10,000). This is lower than the La Grange value of 4.5 and also lower than the national value of 4.0

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 53121 is 4.3%, which is lower than the national value of 6.4%. 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 53121 homeowners underwater on their mortgage is 18.0%.

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Relative ZHVI
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53121 Market Overview

Data through Dec 31, 2014
  • $179,400 ZHVI
  • No data 1-yr forecast
  • $238,000 Median listing price
  • $168,050 Median sale price (Oct 31, 2014)
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53121 Market Health

Data through Dec 31, 2014
  • 3.8/10 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
  • 18.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.3 homes(Nov 30, 2014) 53121
4.5 homes(Sep 30, 2014) La Grange
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
53125 $346,600
53119 $266,400
53191 $246,700
Name Median ZHVI
53120 $218,900
53156 $209,900
53147 $195,400
Name Median ZHVI
53190 $180,400
53184 $176,000
53115 $151,800

Listings & Sales

Data through Dec 31, 2014
  • $115 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 10.0% Listings with price cut
22.4%
Sold below listing
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53121 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,272 53121
    $1,577 La Grange
    $1,345 United States

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

  • 2.4 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 recent data Rent list price
  • No data Rent list price / sq ft
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