Real Estate Market Update for 60076 (Skokie, IL)

Video: Real Estate Community Tour for 60076 (Skokie, IL)

See Real estate community tour for 60076 (Skokie, 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 down 21% from one year earlier, and down 12% 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 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 270-thousand dollars. The number of units sold increased 12% year-over-year, and increased 41% 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.
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Map Information for 60076 (Skokie, IL)
Area Information for 60076 (Skokie, IL)
  • Population: 33,917
  • Median Age: 41.76 yr
  • Median Commute Time: 25.42 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 6,335/sq mi
  • Population Change Since 2000: -1.01%
  • Closest Airport: Chicago O'hare International
  • Closest College: Knowledge Systems Institute
  • Closest Jr. College: Northwestern Business College
  • Median Household Income: $72,673
  • Annual Residential Turnover: 12.72%
  • Median Years in Residence: 4.69 yr
  • Median Home Sales Price: $194,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 13%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60076 (Skokie, IL)
Median Age: 41.76 Married: 37% Number of Households: 11,676 Households with Children: 4,121
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 60076 (Skokie, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Skokie Montessori School Inc 0.1 mi Private PRESCHOOL-4 0 0
      Mosaic Early Childhood Ctr Inc 0.4 mi Private PRESCHOOL-K 0 0
      Elizabeth Meyer School 0.6 mi Public PRESCHOOL-K 0 0
      Arie Crown Hebrew Day School 0.6 mi Private PRESCHOOL-8 0 5
      Att P Tach Special Education Prog 0.6 mi Private K-8 0 0
      Oliver Mccracken Middle School 0.7 mi Public 6-8 4 4
      Devonshire Elem School 0.7 mi Public K-5 3 5
      John Middleton Elem School 0.8 mi Public 1-5 4 5
      Dr Bessie Rhodes Magnet School 0.9 mi Public K-8 4-5 4
      East Prairie Elementary School 1.1 mi Public PRESCHOOL-8 4 4
      Old Orchard Jr High School 1.2 mi Public 6-8 3-5 4
      Tiny Tot Preschool & Kindergarten 1.2 mi Private PRESCHOOL-K 0 0
      Solomon Schechter Day School 1.3 mi Private PRESCHOOL-2 0 0
      Highland Elementary School 1.5 mi Public K-5 3 5
      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 © 2015
      Local Weather for 60076 (Skokie, 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.