Home Values

Vernon Hills 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

$290,200

  • 4.4% 1-year change
  • 1.4% 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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Vernon Hills is $290,200. Vernon Hills home values have gone up 4.4% over the past year and Zillow predicts they will rise 1.4% within the next year. The median list price per square foot in Vernon Hills is $167, which is higher than the Chicago Metro average of $127. The median price of homes currently listed in Vernon Hills is $312,250 while the median price of homes that sold is $211,285. The median rent price in Vernon Hills is $1,500, which is the same as the Chicago Metro median of $1,500.

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 Vernon Hills is 5.3%, which is lower than the national value of 6.4%. 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 Vernon Hills homeowners underwater on their mortgage is 18.5%, which is lower than Chicago Metro at 25.3%.

Read more
Relative ZHVI
- +

Vernon Hills Market Overview

Data through Jan 31, 2015
  • $290,200 ZHVI
  • 1.4% 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
    (Jan 31, 2016)
  • $312,250 Median listing price
  • $211,285 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Vernon Hills Market Health

Data through Jan 31, 2015
  • 1.7/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 18.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Riverwoods $673,600
Long Grove $655,400
Kildeer $590,700
Name Median ZHVI
Green Oaks $561,000
Lincolnshire $440,700
Libertyville $377,700
Name Median ZHVI
Forest Lake $268,500
Buffalo Grove $268,000
Mundelein $181,800

Listings & Sales

Data through Jan 31, 2015
  • $167 Median list price / sq ft
  • $140 Median sale price / sq ft
  • No data Listings with price cut
40.2%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Vernon Hills Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,202 Vernon Hills
    $1,609 Chicago Metro
    $1,350 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • $1.26 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading