This morning I showed 9 houses in Arlington Heights all within a mile of the Arlington Heights Metra Station. The Metra Station located in downtown Arlington Heights is right on the border between the 2 zip codes for Arlington Heights, 60004 (north of Northwest Hwy.) and 60005 (south of Northwest Hwy.) as show in the map on the left.
Comparing the median house sale price* for the past 12 months to the previous 12 months, price appreciation has moved in different directions for the 2 zip codes. The median house price increased 1 % for 60004 while it dropped 4% for 60005.
Condo prices moved in the opposite direction of the house prices. In 60004 while house prices rose slightly, median condo sale prices dropped 6% compared to a year earlier. In 60005 while house prices fell, median condo prices rose 2%.
*Based on Midwest Real Estate Data LLC (MRED) Data. MRED was recently formed by the merger of MLSNI and MAP MLS.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
