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 May'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 17% from one year earlier, and down 6% 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 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 14%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 260-thousand dollars. The number of units sold increased 32% year-over-year, and increased 94% 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: 72,784
  • Median Age: 30.4 yr
  • Median Commute Time: 30.42 mins
  • Educational Climate*: 2
  • Sales Tax: 8%
  • Population Density: 11,458/sq mi
  • Population Change Since 2000: -11.73%
  • 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: $34,968
  • Annual Residential Turnover: 15.52%
  • Median Years in Residence: 2.44 yr
  • Median Home Sales Price: $166,500
  • Closest Major Sports Team: White Sox
  • Change Avg. Household Income Since 2000: 24%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60608 (Chicago, IL)
Median Age: 30.4 Married: 19% Number of Households: 25,312 Households with Children: 9,078
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 GreatSchools Rating Parent Rating
      Whittier Elem School 0.2 mi Public K-8 1 3
      Cristo Rey Jesuit High School 0.2 mi Catholic 9-12 0 4
      St Paul Our Lady Of Vilna 0.4 mi Catholic PRESCHOOL-8 0 5
      Ruiz Elementary School 0.5 mi Public PRESCHOOL-8 2 4
      Cooper Elem Dual Language Academy 0.5 mi Public PRESCHOOL-5 1 3
      Juarez Community Academy High School 0.5 mi Public 9-12 1 4
      St Pius V School 0.5 mi Catholic PRESCHOOL-8 0 5
      Orozco Elem Fine Arts & Sciences 0.6 mi Public PRESCHOOL-8 3-5 4
      Pickard Elementary School 0.7 mi Public K-8 1 5
      Ijla Charter High School 0.7 mi Public 10-12 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 School 0.7 mi Catholic PRESCHOOL-8 0 4
      Finkl Elementary School 0.8 mi Public PRESCHOOL-8 1 3
      Instituto Justice Rudy Lozano Mastery 0.8 mi Public 12-12 0 0
      Instituto Health Sciences Career Acad Charter High 0.8 mi Public 9-12 0 0
      Pilsen Elem Community Academy 0.8 mi Public PRESCHOOL-8 1 3
      Perez Elementary School 0.8 mi Public PRESCHOOL-8 2 1
      St Procopius Elem School 1.0 mi Catholic PRESCHOOL-8 0 2
      St Barbara School 1.0 mi Catholic PRESCHOOL-8 0 5
      Uno Octavio Paz Charter School 1.1 mi Public K-8 0 0
      Simpson Academy Hs For Young Women 1.1 mi Public 7-12 0 4
      Urban Prep Academy West 1.1 mi Public 9-12 1 0
      Montefiore Special Elem School 1.1 mi Public 5-8 0 0
      Easter Seals Therapeutic 1.1 mi Private 2-12 0 0
      Jungman Elementaryschool 1.2 mi Public PRESCHOOL-8 1 4
      Chicago Technology Academy High School 1.2 mi Public 9-11 0 5
      Holden Elementary School 1.2 mi Public PRESCHOOL-8 1 4
      Noble Street Charter Uic 1.2 mi Public 9-12 0 0
      Chicago Lighthouse Develmnt Cntr 1.2 mi Private UNGRADE-UNGRADE 0 0
      Walsh Elem School 1.2 mi Public K-8 2-5 3
      Il Center For Rehab & Educ R 1.3 mi Public 4-12 0 0
      Latino Youth High School 1.3 mi Private 9-12 0 0
      Everett Elementary School 1.3 mi Public PRESCHOOL-5 1 4
      York Alternative High School 1.3 mi Public 9-12 0 5
      De La Salle Institute West Campus 1.3 mi Catholic 9-12 0 0
      Plamondon Elementary School 1.4 mi Public K-8 2 0
      Smyth J Elementary School 1.5 mi Public PRESCHOOL-8 1 3
      Urban Prairie Waldorf School 1.5 mi Private 1-6 0 0
      Armour Elementary School 1.5 mi Public PRESCHOOL-8 2 3
      St Ignatius College Prep 1.5 mi Catholic 9-12 0 5
      Chalmers Elem Specialty School 1.7 mi Public PRESCHOOL-8 1 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 © 2015
      Local Weather for 60608 (Chicago, 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.