Home Values

Medinah 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

$323,400

  • 6.5% 1-year change
  • 2.5% 1-year forecast

The median home value in Medinah is $323,400. Medinah home values have gone up 6.5% over the past year and Zillow predicts they will rise 2.5% within the next year. The median price of homes currently listed in Medinah is $449,500.

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 Medinah is 5.1%, which is lower 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 Medinah homeowners underwater on their mortgage is 14.7%, which is lower than Chicago Metro at 27.1%.

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Relative ZHVI
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Medinah Market Overview

Data through Oct 31, 2014
  • $323,400 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $449,500 Median listing price
  • No data Median sale price
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Medinah Market Health

Data through Oct 31, 2014
  • 3.6/10 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
  • 14.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Itasca $267,100
Bloomingdale $256,600
Elk Grove Village $229,200
Name Median ZHVI
Roselle $224,000
Wood Dale $206,900
Addison $205,000
Name Median ZHVI
Schaumburg $198,700
Hanover Park $163,900
Glendale Heights $162,700

Listings & Sales

Data through Oct 31, 2014
  • $189 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 46.7% Listings with price cut
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Medinah Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,020 Medinah
    $1,642 Chicago Metro
    $1,337 United States

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

  • 2.9 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 data Rent list price
  • No data Rent list price / sq ft
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