Westmont 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

  • 3.4% 1-year change
  • -0.2% 1-year forecast

Market Temperature: WarmWhat'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 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

Buyers' Market Sellers' Market

The median home value in Westmont is $236,100. Westmont home values have gone up 3.4% over the past year and Zillow predicts they will fall -0.2% within the next year. The median list price per square foot in Westmont is $165, which is higher than the Chicago Metro average of $122. The median price of homes currently listed in Westmont is $240,000 while the median price of homes that sold is $208,175.

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 Westmont is 6.5%, which is lower than the national value of 8.0%. 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 Westmont homeowners underwater on their mortgage is 18.3%, which is lower than Chicago Metro at 29.7%.

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Relative ZHVI
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Westmont Market Overview

Data through Feb 28, 2014
  • $236,100 ZHVI
  • -0.2% 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

    (Feb 28, 2015)
  • $240,000 Median listing price
  • $208,175 Median sale price
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Westmont Market Health

Data through Feb 28, 2014
  • 0.3/10 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 recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hinsdale $782,700 Oak Brook $661,900 Burr Ridge $590,000
Western Springs $464,200 Clarendon Hills $401,400 Downers Grove $296,000
Darien $281,500 Oakbrook Terrace $247,500 Willowbrook $172,100

Listings & Sales

Data through Feb 28, 2014
  • $165 Median list price / sq ft
  • $145 Median sale price / sq ft
  • 25.4% Listings with price cut
42.1%
Sold below listing
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Westmont Rentals

Data through Feb 28, 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
$1,709 Westmont
$1,615 Chicago Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • $1.27 Rent list price / sq ft
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