Real Estate Market Update for 60102 (Algonquin, IL)
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 37% from one year earlier and did not change from the previous month These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month... was just over 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 87% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold Decreased 43% year-over-year and Decreased 29% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales 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 60102 (Algonquin, IL)
Area Information for 60102 (Algonquin, IL)
  • Community Character: Nearby Military Facility(ies), Stable Population, Low Residential Turnover, Suburb of Chicago
  • Population: 34,165
  • Median Age: 34.82 yr
  • Median Commute Time: 31.63 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 98
  • Sales Tax: 7%
  • Population Density: 2,068/sq mi
  • Population Change Since 2000: 30%
  • Closest Airport: Chicago O'hare International
  • Closest College: Devry University
  • Closest Jr. College: Mchenry County College
  • Median Household Income: $90,880
  • Annual Residential Turnover: 15.4%
  • Median Years in Residence: 3.89 yr
  • Median Home Sales Price: $187,375
  • Closest Major Sports Team: Kane County Cougars (a)
  • Change Avg. Household Income Since 2000: 16%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 60102 (Algonquin, IL)
Median Age: 34.82 Married: 52% Number of Households: 12,141 Households with Children: 4,920
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 60102 (Algonquin, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St. Margaret Mary 0.1 mi Catholic PRESCHOOL-8 0 4
      Eastview Elementary School 0.4 mi Public K-5 4 5
      Algonquin Middle School 0.4 mi Public 6-8 3-5 4
      St. Johns Lutheran School 0.4 mi Private PRESCHOOL-8 0 5
      Kenneth E Neubert Elementary School 1.0 mi Public K-5 4-5 4
      Algonquin Lakes Elementary School 1.1 mi Public K-5 3-5 5
      Kindercare Learning Center 2.4 mi Private PRESCHOOL-K 0 0
      Westfield Community School 2.4 mi Public K-8 4 3
      Harry D Jacobs High School 2.6 mi Public 9-12 4 3
      Foundations Montessori School 2.7 mi Private PRESCHOOL-5 0 4
      Mackeben Elementary School 4.2 mi Public K-2 0 3
      Conley Elementary School 4.5 mi Public 3-5 4-5 4
      Heineman Middle School 4.5 mi Public 6-8 4-5 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 2014
      Local Weather for 60102 (Algonquin, 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.