Near West Side Home Prices & Values

$231,300 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

  • 5.5% 1-year change
  • 2.0% 1-year forecast

Market Temperature: Very HotWhat'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 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.

Relative ZHVI
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Near West Side Market Overview

Data through Jun 30, 2014
  • $231,300 ZHVI
  • 2.0% 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

    (Jun 30, 2015)
  • $314,500 Median listing price
  • $370,775 Median sale price
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Near West Side Market Health

Data through Jun 30, 2014
  • 0.7/10 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 of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
East Ukrainian Village $423,600 Noble Square $365,400 Ukrainian Village $339,200
River West $331,400 West Town $312,700 Fulton River District $241,000
Greektown $228,200 University Village - Little Italy $219,400 Tri-Taylor $199,000

Listings & Sales

Data through Jun 30, 2014
  • $283 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 26.4% Listings with price cut
20.9%
Sold below listing
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Near West Side Rentals

Data through Jun 30, 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
$1,862 Near West Side
$1,693 Chicago
$1,310 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)
  • $2,250 Rent list price
  • $2.07 Rent list price / sq ft
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