60008, Rolling Meadows, IL

Home Equity in Rolling Meadows, IL

In the Rolling Meadows, IL 60008 zip code, there are an estimated 1,711 homes with a value of $200,000 or more. This is a 0.9% increase from the 1,706 homes with a value of $199,999 in 2016. The median home value in this zip code is $225,000 and the median price per square foot is $137. This means that home equity in this area has increased by 5.4% over the past two years.

The reason for this increase may be due to several factors:

-The economy has been improving since 2016

-More people are buying homes

-Low interest rates have made it easier to borrow money to buy a home

-There are more jobs available in the area

As of September 2017 there were an estimated 2,527 active listings in the Rolling Meadows 60008 zip code which is an 8.1% decrease from September 2016 when there were an estimated 2,914 active listings. This indicates that demand for homes in this area is high and that sellers are finding it difficult to sell their properties. Over the past year there has been a 6% decrease in sales prices compared to 2016 but this could be due to fewer transactions taking place rather than actual decreases in prices per square foot or unit size. In terms of average days on market (DOM) there was a decrease from 89 days as of September 2016 to 85 days as of September 2017 indicating that buyers are finding properties faster than they were previously able too