Real Estate Market Update for 60016 (Des Plaines, IL)
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Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 50% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 28%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 120-thousand dollars. The number of units sold decreased 16% year-over-year, and decreased 14% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 60016 (Des Plaines, IL)
Area Information for 60016 (Des Plaines, IL)
  • Population: 59,650
  • Median Age: 39.65 yr
  • Median Commute Time: 23.78 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 5,614/sq mi
  • Population Change Since 2000: 1.89%
  • Closest Airport: Chicago O'hare International
  • Closest College: I T T Technical Institute-mount Prospect
  • Closest Jr. College: Oakton Community College
  • Median Household Income: $56,171
  • Annual Residential Turnover: 17.12%
  • Median Years in Residence: 3.37 yr
  • Median Home Sales Price: $120,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 11%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 60016 (Des Plaines, IL)
Median Age: 39.65 Married: 37% Number of Households: 24,407 Households with Children: 7,004
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 60016 (Des Plaines, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      The Camelot School 0.6 mi Private 1-12 0 0
      The Camelot Schools 0.6 mi Private 1-12 0 0
      Camelot-des Plaines Intensive 0.6 mi Private - 0 0
      Plato Academy 0.7 mi Private PRESCHOOL-8 0 5
      North Elementary School 0.7 mi Public K-5 2 3
      Maryville-scott Nolan Center 0.7 mi Private - 0 0
      Immanuel Lutheran 0.7 mi Private PRESCHOOL-6 0 5
      Willows Academy 0.8 mi Private 6-12 0 5
      Central Elementary School 0.8 mi Public K-5 4-5 4
      Cumberland Elementary School 0.9 mi Public K-5 3-5 3
      Science & Arts Academy 0.9 mi Private PRESCHOOL-8 0 4
      Chippewa Middle School 1.0 mi Public 6-8 3-5 4
      Algonquin Middle School 1.4 mi Public 6-8 3 4
      Guardian Angel Orthodox Day School 1.5 mi Private PRESCHOOL-5 0 0
      St John The Baptist Gac 1.5 mi Private PRESCHOOL-5 0 0
      Terrace Elementary School 1.6 mi Public PRESCHOOL-5 3 5
      Lutheran General Children's Daycare Center 1.7 mi Private PRESCHOOL-K 0 0
      Brentwood Elementary School 1.9 mi Public K-5 4 4
      Brentwood Baptist Christian Academy 1.9 mi Private PRESCHOOL-12 0 4
      Apollo Elementary School 2.0 mi Public PRESCHOOL-6 3 2
      Stevenson School 2.1 mi Public K-6 2-5 4
      Interculture Montessori School Of Park Ridge 2.4 mi Private PRESCHOOL-6 0 0
      Pk Ridge Intl Mont School 2.4 mi Private K-6 0 0
      Kindercare Learning Center 2.5 mi Private PRESCHOOL-K 0 0
      St. Zachary School 2.6 mi Private PRESCHOOL-8 0 5
      Joseph Academy 2.7 mi Private 8-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 60016 (Des Plaines, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.