Real Estate Market Update for 60453 (Oak Lawn, IL)
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Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 28% 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 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 5% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. Meanwhile, The median sale price was just under 110-thousand dollars. Overall, The number of units sold Increased 29% year-over-year and Increased 36% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. 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 60453 (Oak Lawn, IL)
Area Information for 60453 (Oak Lawn, IL)
  • Community Character: Stable Population, Low Residential Turnover
  • Population: 56,677
  • Median Age: 34.02 yr
  • Median Commute Time: 28.49 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 129
  • Sales Tax: 5%
  • Population Density: 6,501/sq mi
  • Population Change Since 2000: 2%
  • Closest Airport: Chicago Midway International
  • Closest College: Saint Xavier University
  • Closest Jr. College: Fox College
  • Median Household Income: $59,600
  • Annual Residential Turnover: 11.35%
  • Median Years in Residence: 5 yr
  • Median Home Sales Price: $129,000
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 25%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 60453 (Oak Lawn, IL)
Median Age: 34.02 Married: 42% Number of Households: 22,434 Households with Children: 6,808
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 60453 (Oak Lawn, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Oak Lawn Hometown Middle School 0.1 mi Public 5 - 8 3-5 4
      Sward Elementary School 0.4 mi Public K - 5 4 5
      Southwest Chicago Chrn School 0.5 mi Private K - 8 0 0
      St Linus School 0.7 mi Catholic K - 8 0 4
      South Side Baptist School 0.8 mi Private K - 12 0 5
      St Gerald School 0.8 mi Catholic K - 8 0 4
      Columbus Manor Elementary School 0.8 mi Public K - 5 3 3
      J Covington Elementary School 1.0 mi Public K - 5 2-5 4
      St Paul Lutheran School 1.0 mi Private K - 8 0 5
      Oak Lawn Community High School 1.0 mi Public 9 - 12 3 4
      H L Richards High School 1.0 mi Public 9 - 12 2 4
      Kolmar Ave Elementary School 1.1 mi Public K - 5 4 5
      St Germaine School 1.2 mi Catholic K - 8 0 5
      Hannum Elementary School 1.3 mi Public K - 5 2-5 4
      Harnew Elementary School 1.4 mi Public K - 5 3 3
      Simmons Middle School 1.6 mi Public 5 - 8 3-5 3
      Lawn Manor School 1.7 mi Public K - 3 0 5
      St Catherine Of Alexandria School 1.7 mi Catholic K - 8 0 4
      Kolb Elementary School 1.8 mi Public K - 5 3 3
      St Louis Demontfort School 1.9 mi Catholic K - 8 0 3
      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 © 2010
      Local Weather for 60453 (Oak Lawn, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 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.