Home Values

Near North 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

$248,300

  • -2.1% 1-year change
  • -0.7% 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 neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in Near North is $248,300. Near North home values have declined -2.1% over the past year and Zillow predicts they will fall -0.7% within the next year. The median list price per square foot in Near North is $449, which is higher than the Chicago average of $180. The median price of homes currently listed in Near North is $479,900 while the median price of homes that sold is $306,800. The median rent price in Near North is $2,398, which is higher than the Chicago median of $1,655.

Relative ZHVI
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Near North Market Overview

Data through Nov 30, 2014
  • $248,300 ZHVI
  • -0.7% 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
    (Nov 30, 2015)
  • $479,900 Median listing price
  • $306,800 Median sale price
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Near North Market Health

Data through Nov 30, 2014
  • 2.6/10 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
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)
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Nearby Neighborhoods

Name Median ZHVI
Near East Side $398,100
Old Town Triangle $330,700
Streeterville $327,500
Name Median ZHVI
Gold Coast $303,700
River North $263,300
Cabrini Green $249,700
Name Median ZHVI
Fulton River District $239,200
Old Town $231,300
The Loop $203,200

Listings & Sales

Data through Nov 30, 2014
  • $449 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
24.6%
Sold below listing
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Near North Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,145 Near North
    $1,673 Chicago
    $1,342 United States

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

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,398 Rent list price
  • $2.76 Rent list price / sq ft
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