60517 Home Prices & Values

$219,500 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

  • 7.1% 1-year change
  • 1.3% 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 60517 is $219,500. 60517 home values have gone up 7.1% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in 60517 is $144, which is lower than the Woodridge average of $145. The median price of homes currently listed in 60517 is $229,000 while the median price of homes that sold is $193,500.

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 60517 is 6.9%, 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 60517 homeowners underwater on their mortgage is 19.2%, which is the same as Woodridge at 19.2%.

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Relative ZHVI
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60517 Market Overview

Data through Feb 28, 2014
  • $219,500 ZHVI
  • 1.3% 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)
  • $229,000 Median listing price
  • $193,500 Median sale price (Jan 31, 2014)
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60517 Market Health

Data through Feb 28, 2014
  • 1.7/10 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 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 Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
60514 $387,700 60565 $349,200 60439 $314,800
60515 $294,700 60516 $294,600 60561 $282,200
60532 $247,500 60559 $236,200 60440 $147,700

Listings & Sales

Data through Feb 28, 2014
  • $144 Median list price / sq ft
  • $136 Median sale price / sq ft (Jan 31, 2014)
  • 35.5% Listings with price cut
40.3%
Sold below listing
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60517 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
$1,771 60517
$1,766 Woodridge
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • $1.25 Rent list price / sq ft
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