Real Estate Market Update for 60608 (Chicago, IL)

Video: Real Estate Community Tour for 60608 (Chicago, IL)

See Real estate community tour for 60608 (Chicago, IL)
Welcome to August'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 down 32% 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 under 300-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 270-thousand dollars. The number of units sold increased 14% year-over-year, and increased 26% 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 60608 (Chicago, IL)
Area Information for 60608 (Chicago, IL)
  • Population: 87,223
  • Median Age: 32.86 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 13,738/sq mi
  • Population Change Since 2000: -5.59%
  • Closest Airport: Chicago Midway International
  • Closest College: University Of Il-college Of Medicine
  • Closest Jr. College: Malcolm X College-city Clgs Chicago
  • Median Household Income: $38,246
  • Annual Residential Turnover: 21%
  • Median Home Sales Price: $225,000
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: 39%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60608 (Chicago, IL)
Median Age: 32.86 Married: 26% Number of Households: 26,989 Households with Children: 8,356
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 60608 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      John Greenleaf Whittier Elementary School 0.2 mi Public K-8 1 0
      Cristo Rey Jesuit High School 0.2 mi Catholic 9-12 0 4
      Cristo Rey Jesuit High School 0.2 mi Private 9-12 0 0
      St Paul Our Lady Of Vilna 0.4 mi Catholic PRESCHOOL-8 0 0
      Benito Juarez Community Academy High School 0.5 mi Public 9-12 2 3
      Irma C Ruiz Elementary School 0.5 mi Public PRESCHOOL-8 2 4
      Peter Cooper Elementary Dual Language Academy 0.5 mi Public PRESCHOOL-5 1 0
      St. Pius V School 0.5 mi Catholic PRESCHOOL-8 0 0
      Orozco Fine Arts & Sciences Elementary School 0.6 mi Public PRESCHOOL-8 3 0
      Josiah Pickard Elementary School 0.7 mi Public PRESCHOOL-8 2 0
      Ijla Charter High School 0.7 mi Public 9-12 0 0
      Instituto Justice And Leadership Charter Academy 0.7 mi Public 10-12 0 0
      Uno Bartolome De Las Casas Charter School 0.7 mi Public K-8 0 0
      St Ann Elementary School 0.8 mi Catholic PRESCHOOL-8 0 0
      William F Finkl Elementary School 0.8 mi Public PRESCHOOL-8 1 0
      Instituto Health Sciences Career Academy 0.8 mi Public 9-12 2 3
      Instituto Justice Rudy Lozano Mastery 0.8 mi Public 9-11 0 0
      Pilsen Elementary Community Academy 0.8 mi Public PRESCHOOL-8 2 0
      Manuel Perez Elementary School 0.8 mi Public PRESCHOOL-8 4 0
      St Procopius School 1.0 mi Catholic PRESCHOOL-8 0 0
      St Barbara Elementary School 1.0 mi Catholic PRESCHOOL-8 0 0
      Simpson Academy High School For Young Women 1.1 mi Public 6-12 0 0
      Uno Octavio Paz Charter School 1.1 mi Public K-8 0 0
      Moses Montefiore Special Elementary School 1.1 mi Public 5-8 0 0
      Urban Prep Academy For Young Men - West 1.1 mi Public 9-12 0 4
      Easter Seals Therapeutic School And Center For Autism Research 1.1 mi Private 2-12 0 0
      Joseph Jungman Elementary School 1.1 mi Public PRESCHOOL-8 2 0
      Chicago Academy Adv Tech High School 1.2 mi Public 9-12 1 3
      Charles N Holden Elementary School 1.2 mi Public PRESCHOOL-8 3 0
      Noble Street Charter - Uic College Prep 1.2 mi Public 9-12 0 0
      Chicago Lighthouse 1.2 mi Private UNGRADE-UNGRADE 0 0
      John A Walsh Elementary School 1.2 mi Public PRESCHOOL-8 2 0
      Il Center For Rehab & Educ R 1.3 mi Public UNGRADE-UNGRADE 0 0
      Edward Everett Elementary School 1.3 mi Public PRESCHOOL-5 1 0
      Latino Youth High School 1.3 mi Private 9-12 0 0
      De La Salle Institute - Lourdes Hall Campus 1.3 mi Catholic 9-12 0 3
      York Alternative High School 1.3 mi Public 9-12 0 0
      Ambrose Plamondon Elementary School 1.4 mi Public K-8 3 0
      John M Smyth Elementary School 1.5 mi Public PRESCHOOL-8 0 0
      Phillip D Armour Elementary School 1.5 mi Public PRESCHOOL-8 2 0
      St. Ignatius College Prep 1.5 mi Catholic 9-12 0 4
      Thomas Chalmers Specialty Elementary School 1.7 mi Public 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 SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 60608 (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.