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 September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 23% from one year earlier, and down 3% 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 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold increased 19% year-over-year, and increased 19% 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 60609 (Chicago, IL)
Area Information for 60609 (Chicago, IL)
  • Population: 69,435
  • Median Age: 31.23 yr
  • Median Commute Time: 35 mins
  • Educational Climate*: 2
  • Sales Tax: 9%
  • Population Density: 8,950/sq mi
  • Population Change Since 2000: -9.92%
  • Closest Airport: Chicago Midway International
  • Closest College: Illinois Institute Of Technology
  • Closest Jr. College: Kennedy King Clg-city Clgs Of Chicago
  • Median Household Income: $35,276
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $159,500
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 26.72%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60609 (Chicago, IL)
Median Age: 31.23 Married: 27% Number of Households: 21,539 Households with Children: 8,249
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 School Rating Parent Rating
      John H Hamline Elementary School 0.5 mi Public K-8 1 0
      Alexander Graham Elementary School 0.6 mi Public PRESCHOOL-8 1 0
      Tilden Career Communty Academy High School 0.7 mi Public 9-12 0 3
      Cesar E Chavez Elem Multicultural Academic Center 0.7 mi Public PRESCHOOL-8 3 0
      St Gabriel Elementary School 0.7 mi Catholic PRESCHOOL-8 0 0
      Richards Career Academy High School 0.8 mi Public 9-12 0 3
      William H Seward Communication Arts Academy Es 0.8 mi Public PRESCHOOL-8 1 0
      Sherman Elementary School 0.9 mi Public PRESCHOOL-8 0 0
      Peace And Education Coalition High School 0.9 mi Public 9-12 0 0
      Lara Elementary Academy 0.9 mi Public PRESCHOOL-8 1 0
      James Hedges Elementary School 1.0 mi Public PRESCHOOL-8 1 0
      Arthur A Libby Elementary School 1.1 mi Public K-8 1 0
      Thomas A Hendricks Elementary Community Academy 1.1 mi Public PRESCHOOL-8 2 0
      San Miguel-back Of The Yards 1.1 mi Catholic 6-8 0 0
      Mount Of Transformation Christian Sch 1.1 mi Private PRESCHOOL-12 0 0
      Innovations High School 1.2 mi Private 9-12 0 0
      Richard J Daley Elementary Academy 1.2 mi Public PRESCHOOL-8 1 0
      Namaste Charter Elementary School 1.2 mi Public K-8 2 0
      Bridgeport Catholic - S Campus 1.2 mi Catholic PRESCHOOL-8 0 0
      Children Of The City College Prep 1.2 mi Private PRESCHOOL-11 0 0
      Back Of The Yards Ib High School 1.2 mi Public 9-12 0 4
      Robert Fulton Elementary School 1.2 mi Public PRESCHOOL-8 1 0
      Vireva Nursery School & Kindergarten Inc 1.2 mi Private K-K 0 0
      Visitation Catholic School 1.3 mi Catholic PRESCHOOL-8 0 0
      Dewey School Of Excellence 1.3 mi Public PRESCHOOL-8 0 0
      Evergreen Academy Middle School 1.4 mi Public 6-8 2 0
      George B Mcclellan Elementary School 1.4 mi Public PRESCHOOL-8 3 0
      Ludwig Van Beethoven Elementary School 1.4 mi Public PRESCHOOL-8 1 0
      Earle Elementary School 1.4 mi Public K-8 0 0
      Little Tykes Preschool Inc 1.5 mi Private PRESCHOOL-K 0 0
      Chicago International Charter - Basil 1.5 mi Public K-8 0 0
      Nathanael Greene Elementary School 1.5 mi Public PRESCHOOL-5 2 0
      Bronzeville Lighthouse Charter Elementary School 1.5 mi Public K-8 2 0
      Air Force Academy High School 1.6 mi Public 9-12 1 4
      Velma F Thomas Early Childhood Center 1.6 mi Public PRESCHOOL-PRESCHOOL 0 0
      Edward Beasley Elementary Magnet Academic Center 1.8 mi Public PRESCHOOL-8 2 0
      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
      Horizon Science Academy - Southwest Charter 1.9 mi Public K-9 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 60609 (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.