60541, Newark, IL Housing Market

ZIP code 60541's median home value is $400K, up 8.0% over the past year. Homes here sell in a median 47 days. Its PropertyIQ Score of 87 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.

PropertyIQ provides ZIP-code-level market intelligence for 60541, Newark, IL — going deeper than metro or county averages to reveal neighborhood-specific demand dynamics. By tracking Zillow home-value momentum alongside Realtor.com market-flow signals — median days on market and the share of listings with price cuts — specifically within ZIP code 60541, PropertyIQ predicts which micro-markets within IL are positioned to outperform.

Midwestern ZIP codes frequently offer entry prices far below national medians, but performance varies dramatically even within the same city. PropertyIQ scores individual ZIP codes to identify which neighborhoods show the demand signals — fast sales, rising price momentum, few price cuts — that predict near-term appreciation. Within the Midwest, ZIP code 60541's PropertyIQ Score of 87 ranks among the Midwest's stronger demand signals.

The PropertyIQ Score for 60541, Newark, IL is built from four inputs measured at the ZIP-code level: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a score above 50 points to a micro-market positioned to outperform its state.

View 60541, Newark, IL's PropertyIQ Score and compare it against other ZIP codes in the state. Generate a free AI market report for this ZIP code or explore historical trends on the interactive map to understand how this micro-market has evolved.