$229,000 House For Sale
1 bed, 1.0 bath, 900 sqft
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
The median home value in Near West Side is $231,300. Near West Side home values have gone up 5.5% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Near West Side is $283, which is higher than the Chicago average of $197. The median price of homes currently listed in Near West Side is $314,500 while the median price of homes that sold is $370,775. The median rent price in Near West Side is $2,250, which is higher than the Chicago median of $1,645.
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.