APRIL2019 Chicago Metro - files.zillowstatic.com · APRIL2019 Chicago Metro National Home Values...
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www.zillow.com/research/ APRIL2019 Chicago Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Chicago Home Values Current: $225,900 Monthly Change: -0.2% Quarterly Change: 0.4% Annual Change: 3% Negative Equity*: 13.5% Home Values Forecast (next 12 months) National: 2.8% Chicago Metro: 1.3% Major Cities - Home Values Chicago Current: $229,400 Monthly Change: -0.3% Annual Change: 0.6% Aurora Current: $184,900 Monthly Change: -0.3% Annual Change: 3.3% Naperville Current: $398,200 Monthly Change: -0.1% Annual Change: 1.8% Joliet Current: $143,700 Monthly Change: -0.1% Annual Change: 3.2% Elgin Current: $191,800 Monthly Change: -0.1% Annual Change: 5.3% Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZHVI Year-over-Year -12.5% - -10.5% -10.4% - -3.5% -3.4% - -1.9% -1.8% - -0.1% 0.0% - 2.0% 2.1% - 4.1% 4.2% - 7.0% 7.1% - 11.2% 11.3% - 19.8% Home Values (ZHVI) Increasing Values: 62.3% Decreasing Values: 29.1% Fall From Peak: -11.1% Peak ZHVI Date: 2007-02 Peak ZHVI: $254,100 Rent Zillow Rent Index: $1,696 Monthly Change: 0.3% Annual Change: 3.5% Rent List Price: $1,700 Rent List/Sq. Ft.: $1.4 Sales Median Sale Price: $244,400 Monthly Change: 0.6% Annual Change: 9.8% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $297,000 Monthly Change: 2.4% Annual Change: 4.2% List Price/Sq. Ft.: $173 Listings with Price Cut: 19.6% Amount of Price Cut: 2.6% Foreclosures Homes Foreclosed: –/10, 000 Monthly Change: – Annual Change: – Foreclosure Resales: 0% Monthly Change: 0pp Annual Change: 0pp How do we track home values? To track home values, we use the Zillow Home Value Index (ZHVI). The ZHVI is the mid-point of estimated home values for the area. Half the estimated home values are above this number and half are below. * Negative equity data is from 2018Q2.
Transcript of APRIL2019 Chicago Metro - files.zillowstatic.com · APRIL2019 Chicago Metro National Home Values...
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APRIL2019 Chicago Metro
National Home Values
Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%
Chicago Home Values
Current: $225,900Monthly Change: -0.2%Quarterly Change: 0.4%Annual Change: 3%Negative Equity*: 13.5%
Home Values Forecast
(next 12 months)
National: 2.8%Chicago Metro: 1.3%
Major Cities - Home Values
ChicagoCurrent: $229,400Monthly Change: -0.3%Annual Change: 0.6%
AuroraCurrent: $184,900Monthly Change: -0.3%Annual Change: 3.3%
NapervilleCurrent: $398,200Monthly Change: -0.1%Annual Change: 1.8%
JolietCurrent: $143,700Monthly Change: -0.1%Annual Change: 3.2%
ElginCurrent: $191,800Monthly Change: -0.1%Annual Change: 5.3%
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZHVI Year-over-Year-12.5% - -10.5% -10.4% - -3.5% -3.4% - -1.9% -1.8% - -0.1% 0.0% - 2.0% 2.1% - 4.1% 4.2% - 7.0% 7.1% - 11.2% 11.3% - 19.8%
Home Values (ZHVI)Increasing Values: 62.3%Decreasing Values: 29.1%Fall From Peak: -11.1%Peak ZHVI Date: 2007-02Peak ZHVI: $254,100
RentZillow Rent Index: $1,696
Monthly Change: 0.3%Annual Change: 3.5%
Rent List Price: $1,700Rent List/Sq. Ft.: $1.4
SalesMedian Sale Price: $244,400
Monthly Change: 0.6%Annual Change: 9.8%
Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%
ListingsMedian List Price: $297,000
Monthly Change: 2.4%Annual Change: 4.2%
List Price/Sq. Ft.: $173Listings with Price Cut: 19.6%Amount of Price Cut: 2.6%
ForeclosuresHomes Foreclosed: –/10, 000
Monthly Change: –Annual Change: –
Foreclosure Resales: 0%Monthly Change: 0ppAnnual Change: 0pp
How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.
* Negative equity data is from 2018Q2.
APRIL2019
*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be
available online at www.zillow.com/research/data by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
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Arlington Heights 322,100 -0.2 0.6 -0.1 2,080 0.2 0 0.6 0.1 7.3Aurora 184,900 -0.3 0 3.3 1,572 0.2 0.4 1.6 1.1 11.8Bolingbrook 228,300 0.2 0.8 5.1 1,806 0.4 1 0.8 2.7 8.8Chicago 229,400 -0.3 0.4 0.6 1,684 0.4 0.6 4.6 0.2 21.4Cicero 178,000 -1.1 -0.3 7.7 1,493 0.3 1 3.7 2.3 15.2Des Plaines 253,300 0.4 1.6 3.1 1,813 0.4 0.5 3.1 2.4 9.3Elgin 191,800 -0.1 0.3 5.3 1,605 0.2 0.4 3.5 2.6 11.9Evanston 343,500 -0.7 -0.6 -1.5 1,960 0.2 -0.1 1.1 -1.8 13.2Gary 50,900 -4.7 -7.8 -12.5 804 0.4 1 2.7 16.0Hammond 98,200 0.3 2.1 13.9 1,056 0.5 0.7 3.7 7.5 15.2Joliet 143,700 -0.1 0.1 3.2 1,374 0 0.8 2.5 1.4 15.5Kenosha 161,600 0.2 2.1 13.4 1,305 -0.1 0.2 8.8 7 7.4Naperville 398,200 -0.1 0.5 1.8 2,415 0.2 0.2 0.6 0.7 6.5Orland Park 280,600 -0.3 0.5 3 2,029 -0.2 0.7 5.9 1.4 8.3Palatine 251,800 0.1 1.2 0.9 1,827 0.4 0.6 2.5 1 11.4Plainfield 252,000 0.1 0.4 3.7 1,883 0.7 1.6 1.7 1.5 7.7Schaumburg 236,700 -0.4 0.4 2.4 1,745 0.2 0.3 2.4 0.7 10.1Skokie 294,900 -1 -0.9 -2 1,931 0.3 0.6 4.2 -2.4 14.2Valparaiso 230,400 -0.1 0.5 6.5 1,551 -0.3 -1 0.8 2.4 5.3Waukegan 128,800 0.7 3.1 7.2 1,308 0.2 0.2 0.8 5.8 20.9
Largest Counties Covered by Zillow
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Cook County 224,600 -0.2 0.6 2.1 1,711 0.4 0.6 4.2 1DuPage County 293,800 -0.1 0.1 2.4 1,964 0.3 0.5 1.4 0.8Kane County 230,600 -0.1 0.5 2.4 1,725 -0.2 -0.5 1.7 1.3Kendall County 240,900 -0.1 -0.6 4.7 1,889 0.3 1.5 5.6 1Kenosha County 184,800 0.5 1.8 10.8 1,395 0.5 1.4 5 5.7Lake County 237,800 0 0.4 0.3 1,834 0.3 0.5 2 0Lake County 148,700 0.3 1.5 7.8 1,227 0.3 0.7 2.5 4.6McHenry County 219,300 0.1 1.8 6 1,678 -0.1 -0.3 2.6 3.5Porter County 203,900 0.3 1.3 6.7 1,472 0 -0.5 -0.9 3.8Will County 225,400 0 0.5 4.5 1,725 0.3 1.2 2.4 2.3
