Real Estate Market Update for 60609 (Chicago, IL)

Video: Real Estate Community Tour for 60609 (Chicago, IL)

See Real estate community tour for 60609 (Chicago, IL)
Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 32% 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 just under 130-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 24%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 110-thousand dollars. The number of units sold decreased 30% year-over-year, and decreased 21% 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 60609 (Chicago, IL)
Area Information for 60609 (Chicago, IL)
  • Population: 64,030
  • Median Age: 28.91 yr
  • Median Commute Time: 30.58 mins
  • Educational Climate*: 2
  • Sales Tax: 8%
  • Population Density: 8,254/sq mi
  • Population Change Since 2000: -18.89%
  • Closest Airport: Chicago Midway International
  • Closest College: Illinois Institute Of Technology
  • Closest Jr. College: Kennedy King Clg-city Clgs Of Chicago
  • Median Household Income: $33,688
  • Annual Residential Turnover: 14.53%
  • Median Years in Residence: 2.58 yr
  • Median Home Sales Price: $94,000
  • Closest Major Sports Team: White Sox
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60609 (Chicago, IL)
Median Age: 28.91 Married: 21% Number of Households: 20,073 Households with Children: 9,085
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 60609 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Hamline Elementary School 0.5 mi Public PRESCHOOL-8 1 2
      Graham a Elementary School 0.6 mi Public PRESCHOOL-8 1 3
      Tilden Career Communty Academy High School 0.7 mi Public 9-12 0 0
      Tilden Achievement Academy High School 0.7 mi Public 9-12 0 0
      Chavez Elementary Multicultural Academy Center 0.7 mi Public PRESCHOOL-8 2-5 2
      St Gabriel Elementary School 0.7 mi Catholic PRESCHOOL-8 0 5
      Peace And Education Coalition High School 0.8 mi Public 10-12 0 0
      Richards Career Academy High School 0.8 mi Public 9-12 0 3
      Seward Elementary Communication Arts Ac 0.8 mi Public PRESCHOOL-8 1 4
      Sherman Elementary School 0.9 mi Public PRESCHOOL-8 1 3
      Lara Elementary Academy 0.9 mi Public PRESCHOOL-8 1 4
      Hedges Elementary School 1.0 mi Public PRESCHOOL-8 1 3
      Libby Elementary School 1.0 mi Public K-8 0 5
      San Miguel-back Of The Yards 1.1 mi Catholic 6-8 0 5
      Hendricks Elementary Community Academy 1.1 mi Public PRESCHOOL-8 1 3
      Daley Elementary Academy 1.1 mi Public PRESCHOOL-8 1 4
      Bronzeville Alternative Academy 1.1 mi Private 9-12 0 0
      Namaste Elementary Charter School 1.2 mi Public K-8 3-5 4
      Bridgeport Catholic - S Campus 1.2 mi Catholic PRESCHOOL-8 0 5
      Vireva Nursery School & Kindergarten Inc 1.2 mi Private K-K 0 0
      Fulton Elementary School 1.2 mi Public PRESCHOOL-8 1 0
      Visitation Catholic School 1.3 mi Catholic PRESCHOOL-8 0 0
      Dewey Elementary Academy Of Fine Arts 1.3 mi Public PRESCHOOL-8 0 4
      St Andrew Lutheran 1.4 mi Private PRESCHOOL-8 0 0
      Evergreen Academy Elementary School 1.4 mi Public 6-8 2 3
      Mcclellan Elementary School 1.4 mi Public PRESCHOOL-8 2 3
      Beethoven Elementary School 1.4 mi Public PRESCHOOL-8 1 3
      Little Tykes Preschool Inc 1.5 mi Private PRESCHOOL-K 0 0
      Mccorkle Elem School 1.5 mi Public PRESCHOOL-8 0 0
      Chicago International Charter Basil 1.5 mi Public K-8 0 0
      Bronzeville Lighthouse Elementary Charter School 1.5 mi Public K-8 2 4
      Greene N Elementary School 1.5 mi Public PRESCHOOL-5 1 4
      Horizon Science Academy Charter School - Mckinley 1.6 mi Public - 0 0
      Thomas Early Childhood Center 1.6 mi Public PRESCHOOL-PRESCHOOL 0 0
      Beasley Elementary Magnet Academic Center 1.8 mi Public PRESCHOOL-8 3 4
      Archer Avenue Learning Station, Inc 1.8 mi Private PRESCHOOL-K 0 0
      Ace Technical Charter High School 1.8 mi Public 9-12 0 4
      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 60609 (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.