60712 Home Prices & Values

$316,100 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

  • 7.0% 1-year change
  • 0.9% 1-year forecast

The median home value in 60712 is $316,100. 60712 home values have gone up 7.0% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in 60712 is $224, which is the same as the Lincolnwood average of $224. The median price of homes currently listed in 60712 is $399,000 while the median price of homes that sold is $290,192.

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 60712 is 13.7%, which is higher than the national value of 6.9%. 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 60712 homeowners underwater on their mortgage is 22.2%, which is the same as Lincolnwood at 22.2%.

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Relative ZHVI
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60712 Market Overview

Data through Jul 31, 2014
  • $316,100 ZHVI
  • 0.9% 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)
  • $399,000 Median listing price
  • $290,192 Median sale price (Jun 30, 2014)
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60712 Market Health

Data through Jul 31, 2014
  • 0.4/10 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 days on Zillow
  • 22.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
60646 $363,100 60203 $360,000 60076 $256,900
60625 $253,000 60630 $251,500 60202 $250,200
60659 $244,800 60077 $216,800 60645 $164,100

Listings & Sales

Data through Jul 31, 2014
  • $224 Median list price / sq ft
  • $203 Median sale price / sq ft (Jun 30, 2014)
  • 45.1% Listings with price cut
29.9%
Sold below listing
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60712 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
$1,986 60712
$1,986 Lincolnwood
$1,318 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)
  • No data Rent list price
  • $1.24 Rent list price / sq ft
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