60545 Home Prices & Values

$135,500 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

  • 15.1% 1-year change
  • 2.1% 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 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

Buyers' Market Sellers' Market

The median home value in 60545 is $135,500. 60545 home values have gone up 15.1% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in 60545 is $77, which is higher than the Plano average of $69. The median price of homes currently listed in 60545 is $135,000 while the median price of homes that sold is $130,000. The median rent price in 60545 is $1,395, which is the same as the Plano median of $1,395.

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 60545 is 9.0%, which is higher than the national value of 7.2%. 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 60545 homeowners underwater on their mortgage is 45.0%, which is the same as Plano at 45.0%.

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Relative ZHVI
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60545 Market Overview

Data through May 31, 2014
  • $135,500 ZHVI
  • 2.1% 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

    (May 31, 2015)
  • $135,000 Median listing price
  • $130,000 Median sale price
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60545 Market Health

Data through May 31, 2014
  • 0.8/10 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
  • 45.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 9.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
60554 $235,800 60119 $234,200 60560 $208,300
60511 $206,600 60541 $199,000 60512 $184,000
60520 $169,300 60548 $166,600 60538 $145,700

Listings & Sales

Data through May 31, 2014
  • $77 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 14.6% Listings with price cut
58.1%
Sold below listing
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60545 Rentals

Data through May 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
$1,456 60545
$1,418 Plano
$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)
  • $1,395 Rent list price
  • No recent data Rent list price / sq ft
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