Real Estate Market Update for 60477 (Tinley Park, IL)

Video: Real Estate Community Tour for 60477 (Tinley Park, IL)

See Real estate community tour for 60477 (Tinley Park, IL)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 1% compared to one year earlier, and down 6% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 23%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 160-thousand dollars. The number of units sold decreased 19% year-over-year, and decreased 28% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better 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.
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Map Information for 60477 (Tinley Park, IL)
Area Information for 60477 (Tinley Park, IL)
  • Population: 39,061
  • Median Age: 39.75 yr
  • Median Commute Time: 29.22 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 3,061/sq mi
  • Population Change Since 2000: 1.8%
  • Closest Airport: Chicago Midway International
  • Closest College: Devry University-tinley Park
  • Closest Jr. College: Prairie State College
  • Median Household Income: $69,703
  • Annual Residential Turnover: 13.93%
  • Median Years in Residence: 4.21 yr
  • Median Home Sales Price: $144,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60477 (Tinley Park, IL)
Median Age: 39.75 Married: 35% Number of Households: 15,882 Households with Children: 4,788
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 60477 (Tinley Park, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Memorial Elementary School 0.6 mi Public PRESCHOOL-5 2-5 5
      Central Middle School 0.6 mi Public 6-8 3 3
      St George School 0.6 mi Catholic PRESCHOOL-8 0 4
      Transitions 2 At Maple Creek 0.9 mi Public 12-12 0 0
      Easter Seals Therapeutic-south 0.9 mi Private - 0 0
      Transition 1 At Spring Creek 0.9 mi Public 12-12 0 0
      Zion Lutheran Early Childhood Center 0.9 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Centers 1.1 mi Private PRESCHOOL-6 0 0
      Bert H Fulton School 1.1 mi Public PRESCHOOL-5 3 5
      Hope Montessori Inc 1.1 mi Private PRESCHOOL-K 0 0
      John A Bannes Elementary School 1.2 mi Public K-5 4-5 5
      Tinley Park High School 1.4 mi Public 9-12 2-5 3
      Bobbie Noonans Child Care 1.5 mi Private PRESCHOOL-K 0 0
      Virgil I Grissom Middle School 1.5 mi Public 6-8 4 4
      Bobbie Noonans Child Care 1.7 mi Private PRESCHOOL-K 0 0
      Southwest Chicago Christian School 1.7 mi Private K-8 0 5
      Sw Chicago Christian School 1.7 mi Private K-8 0 0
      Kimberly Heights Elementary School 2.0 mi Public PRESCHOOL-K 0 0
      Helen Keller Elementary School 2.1 mi Public PRESCHOOL-5 4 5
      Trinity Lutheran School 2.5 mi Private PRESCHOOL-8 0 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 60477 (Tinley Park, 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.