Near North Home Prices & Values

$236,100 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

  • -2.1% 1-year change
  • -2.5% 1-year forecast

Market Temperature: NeutralWhat's This?
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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

Buyers' Market Sellers' Market

The median home value in Near North is $236,100. Near North home values have declined -2.1% over the past year and Zillow predicts they will fall -2.5% within the next year. The median list price per square foot in Near North is $400, which is higher than the Chicago average of $196. The median price of homes currently listed in Near North is $450,000 while the median price of homes that sold is $316,900. The median rent price in Near North is $2,292, which is higher than the Chicago median of $1,700.

Relative ZHVI
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Near North Market Overview

Data through Jul 31, 2014
  • $236,100 ZHVI
  • -2.5% 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)
  • $450,000 Median listing price
  • $316,900 Median sale price
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Near North Market Health

Data through Jul 31, 2014
  • 0.0/10 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
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Near East Side $393,400 Old Town Triangle $351,300 Streeterville $333,500
Gold Coast $320,000 River North $262,900 Cabrini Green $234,800
Fulton River District $234,200 Old Town $232,000 The Loop $218,400

Listings & Sales

Data through Jul 31, 2014
  • $400 Median list price / sq ft
  • $367 Median sale price / sq ft (Jun 30, 2014)
  • 33.9% Listings with price cut
26.5%
Sold below listing
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Near North 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
$2,194 Near North
$1,701 Chicago
$1,318 United States
  • 2.0 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)
  • $2,292 Rent list price
  • $2.91 Rent list price / sq ft
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