Home Values

60540 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

$377,900

  • 2.6% 1-year change
  • 0.3% 1-year forecast

Market Temperature

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

Neutral

Buyers' Market
Sellers' Market

The median home value in 60540 is $377,900. 60540 home values have gone up 2.6% over the past year and Zillow predicts they will rise 0.3% within the next year. The median list price per square foot in 60540 is $188, which is higher than the Naperville average of $159. The median price of homes currently listed in 60540 is $399,990 while the median price of homes that sold is $360,575. The median rent price in 60540 is $1,650, which is higher than the Naperville median of $1,550.

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 60540 is 4.0%, 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 60540 homeowners underwater on their mortgage is 8.4%, which is lower than Naperville at 10.6%.

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Relative ZHVI
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60540 Market Overview

Data through Jan 31, 2015
  • $377,900 ZHVI
  • 0.3% 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
    (Jan 31, 2016)
  • $399,990 Median listing price
  • $360,575 Median sale price
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60540 Market Health

Data through Jan 31, 2015
  • 4.2/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 8.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
60564 $413,000
60565 $370,500
60189 $359,500
Name Median ZHVI
60563 $276,600
60532 $266,100
60490 $263,600
Name Median ZHVI
60555 $186,800
60504 $173,200
60440 $165,600

Listings & Sales

Data through Jan 31, 2015
  • $188 Median list price / sq ft
  • $168 Median sale price / sq ft
  • No data Listings with price cut
29.9%
Sold below listing
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60540 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,258 60540
    $2,267 Naperville
    $1,350 United States

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

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,650 Rent list price
  • $1.29 Rent list price / sq ft
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