Elk Grove Village 60007

Cook County, IL · 31,399 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

58affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
25.2%
affordable
Days on market
41
daily
Price cuts
20.3%
of active
Valuation
-14.3%
vs assessor
Look up an address
72
/100
Stable
hot · balanced · prices rising year-over-year.
Price trend
67
Affordability
85
Valuation
70
Economic health
58

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

34/ 100SellerBalancedBuyer
Seller's Market
DOM: 65d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)25
Valuation Gap (25%)10
Supply & Demand (20%)70
Buy vs Rent (15%)50
Cancellation Rate (10%)0
Days on Market (5%)75

Seller-favored market in 60007. Expect to pay at or near list price. Payment burden: 25.3% of median income. Median days on market: 65. Renting is approximately 54% cheaper than buying (price-to-rent ratio: 18.5).

Buyer Caution

Seller's market. Be prepared to pay near list price.

Competitive market similar to 2021-2022 — limited inventory driving prices above fundamentals.
HOTBALANCED

Market is running hot with fast-moving inventory. Conditions are balanced between buyers and sellers. Prices up 5.5% YoY.

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Market snapshoteach number, once

Median price
$396,527
▴ 5.5% YoY
Days on market
41
daily · zip_data
Median rent
$1,786
ZORI
Investor score
67/100
cash-flow lens
Active listings
76
90-day

Valuation3 lenses, different anchors

vs assessor
-14.3%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$340,000
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+44.5%
County-wide market — the widest, slowest signal.
Cook+44.5%
Cook+44.5%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$220
Price-to-income4.2×

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How 60007 ranks in IL
percentile vs all Illinois ZIPs · n=1303
Market velocity65%
Supply tightness66%
Affordability9%
Investment yield34%
Appreciation46%

Affordability, supply & momentum

40SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply7.5 mo
Days on Market41d
Inv vs History+15.0%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$2,003
Payment burden25.2%
Median income · ZIP$95,240
Mortgage rate6.49% · 30yr
Total monthly own$2,399
Monthly rent$1,786
Market dynamics
Price cut %20.3%
Momentumhot
LeverageBALANCED
Months of supply7.5
Sales (90d)0
Investment analysis
Median rent$1,786
Price-to-rent18.5
Est. cap rate3.5%
Buy vs rentneutral

Livability

Walk score4
Transit score7
Bike score—

Historical trends

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Cook County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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