Real Estate Market Update for 60047 (Lake Zurich, IL)
Welcome to May'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 up 15% from one year earlier, and up 11% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 590-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 29%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 440-thousand dollars. The number of units sold was consistent year-over-year, and increased 19% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. 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 60047 (Lake Zurich, IL)
Area Information for 60047 (Lake Zurich, IL)
  • Population: 41,375
  • Median Age: 40.96 yr
  • Median Commute Time: 30.19 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 1,189/sq mi
  • Population Change Since 2000: 11.78%
  • Closest Airport: Chicago O'hare International
  • Closest College: Univ St Mary The Lake-mundelein Seminary
  • Closest Jr. College: Worsham College-mortuary Science
  • Median Household Income: $126,621
  • Annual Residential Turnover: 15.59%
  • Median Years in Residence: 4.29 yr
  • Median Home Sales Price: $355,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 26%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60047 (Lake Zurich, IL)
Median Age: 40.96 Married: 44% Number of Households: 13,748 Households with Children: 6,213
    • 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 60047 (Lake Zurich, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Etc Preschool Lake Zurich 0.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Quentin Road Christian School 0.9 mi Private K-12 0 4
      St Matthew Lutheran School 1.3 mi Private PRESCHOOL-8 0 4
      Sarah Adams Elementary School 1.4 mi Public K-5 4 3
      St Francis De Sales 1.7 mi Catholic PRESCHOOL-8 0 5
      Lake Zurich High School 1.9 mi Public 9-12 5 4
      May Whitney Elem School 2.0 mi Public PRESCHOOL-5 5 5
      Kindercare Learning Ctr 2.2 mi Private PRESCHOOL-5 0 0
      Lake Zurich Middle S Campus 2.5 mi Public 6-8 4-5 5
      Isaac Fox Elementary School 2.6 mi Public K-5 5 5
      Spencer Loomis Elementary School 2.7 mi Public K-5 4-5 4
      Lake Zurich Middle N Campus 2.7 mi Public 6-8 4 5
      Seth Paine Elem School 2.8 mi Public K-5 4-5 4
      Kildeer Countryside Elementary School 2.9 mi Public 1-5 5 4
      Montessori Sch Of Long Grove 3.0 mi Private PRESCHOOL-6 0 5
      Long Grove Country School 3.4 mi Private PRESCHOOL-K 0 0
      The Grove Montessori School 4.2 mi Private PRESCHOOL-K 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: and Onboard Informatics © 2015
      Local Weather for 60047 (Lake Zurich, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.