Real Estate Market Update for 60607 (Chicago, IL)

Video: Real Estate Community Tour for 60607 (Chicago, IL)

See Real estate community tour for 60607 (Chicago, 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 up 7% from one year earlier, and up 15% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 550-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 36%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 390-thousand dollars. The number of units sold increased 27% year-over-year, and increased 42% 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 60607 (Chicago, IL)
Area Information for 60607 (Chicago, IL)
  • Population: 25,798
  • Median Age: 32.92 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 5
  • Sales Tax: 9%
  • Population Density: 11,117/sq mi
  • Population Change Since 2000: 59.17%
  • Closest Airport: Chicago Midway International
  • Closest College: University Illinois At Chicago
  • Closest Jr. College: Taylor Business Institute
  • Median Household Income: $85,592
  • Annual Residential Turnover: 26%
  • Median Home Sales Price: $385,000
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: 78.11%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60607 (Chicago, IL)
Median Age: 32.92 Married: 27% Number of Households: 12,665 Households with Children: 1,668
    • 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 60607 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Galileo Math & Science Scholastic Academy Es 0.2 mi Public K-8 5 0
      Urban Prairie Waldorf School 0.3 mi Private 1-7 0 0
      Chicago Virtual Charter School 0.5 mi Public K-12 3 0
      Jackson A Elementary Language Academy 0.5 mi Public K-8 5 0
      Intercultural Montessori Language School 0.5 mi Private PRESCHOOL-6 0 0
      Intercultural Montessori Language School 0.5 mi Private PRESCHOOL-6 0 0
      Mark Skinner West Elementary School 0.6 mi Public PRESCHOOL-8 5 0
      Whitney M Young Magnet High School 0.7 mi Public 7-12 5 4
      Montessori Academy Of Chicago 0.8 mi Private PRESCHOOL-6 0 0
      Stem Magnet Academy Elementary School 0.8 mi Public K-7 5 0
      Village Leadership Academy 0.9 mi Private K-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 60607 (Chicago, 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.