Real Estate Market Update for 60453 (Oak Lawn, IL)

Video: Real Estate Community Tour for 60453 (Oak Lawn, IL)

See Real estate community tour for 60453 (Oak Lawn, 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 31% 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 over 210-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 180-thousand dollars. The number of units sold increased 3% year-over-year, and increased 12% 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 60453 (Oak Lawn, IL)
Area Information for 60453 (Oak Lawn, IL)
  • Population: 56,393
  • Median Age: 40.86 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 6,668/sq mi
  • Population Change Since 2000: 1.34%
  • Closest Airport: Chicago Midway International
  • Closest College: Saint Xavier University
  • Closest Jr. College: Richard J Daley Collge-city Co Chicago
  • Median Household Income: $57,636
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $140,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 22.58%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60453 (Oak Lawn, IL)
Median Age: 40.86 Married: 41% Number of Households: 22,261 Households with Children: 5,854
    • 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 60453 (Oak Lawn, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Oak Lawn-hometown Middle School 0.1 mi Public 6-8 4 0
      Sward Elementary School 0.4 mi Public K-5 5 0
      Papoose Childrens Center 0.5 mi Private PRESCHOOL-PRESCHOOL 0 0
      Southwest Chicago Christian Sch 0.5 mi Private PRESCHOOL-8 0 0
      St Linus Elementary School 0.7 mi Catholic PRESCHOOL-8 0 0
      South Side Baptist School 0.8 mi Private PRESCHOOL-12 0 0
      St Gerald School 0.8 mi Catholic PRESCHOOL-8 0 0
      Columbus Manor Elementary School 0.8 mi Public PRESCHOOL-5 2 0
      J Covington Elementary School 1.0 mi Public K-5 3 0
      St. Paul Lutheran School 1.0 mi Private PRESCHOOL-8 0 0
      Oak Lawn Community High School 1.0 mi Public 9-12 3 3
      H L Richards High Sch(campus) 1.0 mi Public 9-12 3 3
      Kolmar Avenue Elementary School 1.2 mi Public PRESCHOOL-5 4 0
      St Germaine School 1.2 mi Catholic PRESCHOOL-8 0 0
      J M Hannum Elementary School 1.3 mi Public K-5 3 0
      Care Program 1.3 mi Public PRESCHOOL-8 0 0
      Harnew Elementary School 1.4 mi Public PRESCHOOL-5 2 0
      P R I D E School 1.5 mi Public K-12 0 0
      Simmons Middle School 1.6 mi Public 6-8 2 3
      Oak Lawn Montessori School 1.7 mi Private PRESCHOOL-K 0 0
      Lawn Manor School 1.7 mi Public PRESCHOOL-2 0 0
      St Catherine Of Alexandria School 1.7 mi Catholic PRESCHOOL-8 0 0
      Ernest F Kolb Elementary School 1.8 mi Public K-5 2 0
      St Louis De Montfort School 1.9 mi Catholic PRESCHOOL-8 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 School Review data by
      Local Weather for 60453 (Oak Lawn, 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.