Real Estate Market Update for 60016 (Des Plaines, IL)

Video: Real Estate Community Tour for 60016 (Des Plaines, IL)

See Real estate community tour for 60016 (Des Plaines, IL)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 33% from one year earlier, and down 5% 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 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 1%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold increased 13% year-over-year, and increased 53% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
Show Transcript
Map Information for 60016 (Des Plaines, IL)
Area Information for 60016 (Des Plaines, IL)
  • Population: 59,402
  • Median Age: 40.71 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 5,590/sq mi
  • Population Change Since 2000: 1.82%
  • Closest Airport: Chicago O'hare International
  • Closest College: I T T Technical Institute-mount Prospect
  • Closest Jr. College: Oakton Community College
  • Median Household Income: $58,479
  • Annual Residential Turnover: 9%
  • Median Home Sales Price: $162,000
  • Closest Major Sports Team: Chicago Cubs
  • Change Avg. Household Income Since 2000: 20.4%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60016 (Des Plaines, IL)
Median Age: 40.71 Married: 42% Number of Households: 23,640 Households with Children: 6,414
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 School Rating Parent Rating
      A Mothers Touch Learning Academy 0.5 mi Private PRESCHOOL-K 0 0
      Plato Academy 0.6 mi Private PRESCHOOL-8 0 0
      Camelot Des Plaines Intensive 0.7 mi Private - 0 0
      Camelot Des Plaines 0.7 mi Private - 0 0
      North Elementary School 0.7 mi Public K-5 2 0
      Immanuel Lutheran School 0.7 mi Private PRESCHOOL-3 0 0
      The Willows Academy 0.8 mi Private 6-12 0 0
      Central Elementary School 0.8 mi Public K-5 4 0
      Cumberland Elementary School 0.9 mi Public K-5 4 0
      Science & Arts Academy 0.9 mi Private PRESCHOOL-8 0 0
      Chippewa Middle School 1.0 mi Public 6-8 3 0
      St John The Baptist Gac 1.4 mi Private PRESCHOOL-6 0 0
      Guardian Angel Orthodox Day School 1.4 mi Private PRESCHOOL-6 0 0
      Algonquin Middle School 1.4 mi Public 6-8 3 0
      Sequell Northern Illinois Academy 1.5 mi Private 4-12 0 0
      Terrace Elementary School 1.6 mi Public PRESCHOOL-5 4 0
      Des Plaines Child Development Center 1.7 mi Private PRESCHOOL-K 0 0
      Joseph Academy- Des Plaines Int 1.7 mi Private - 0 0
      Brentwood Elementary School 1.9 mi Public K-5 4 0
      Brentwood Baptist Christian Academy 2.0 mi Private PRESCHOOL-12 0 0
      Stevenson School 2.1 mi Public K-6 2 0
      Apollo Elementary School 2.1 mi Public PRESCHOOL-6 2 0
      Pk Ridge Intl Mont School 2.4 mi Private PRESCHOOL-6 0 0
      Kindercare Learning Center 2.5 mi Private PRESCHOOL-K 0 0
      St Zachary Elementary School 2.6 mi Catholic PRESCHOOL-8 0 0
      Joseph Academy - Des Plaines 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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 60016 (Des Plaines, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.