Real Estate Market Update for 60610 (Chicago, IL)

Video: Real Estate Community Tour for 60610 (Chicago, IL)

See Real estate community tour for 60610 (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 28% from one year earlier, and down 4% 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 over 640-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 22%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 350-thousand dollars. The number of units sold increased 17% year-over-year, and increased 2% 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 60610 (Chicago, IL)
Area Information for 60610 (Chicago, IL)
  • Population: 39,799
  • Median Age: 36.01 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 5
  • Sales Tax: 9%
  • Population Density: 33,931/sq mi
  • Population Change Since 2000: -.59%
  • Closest Airport: Chicago Midway International
  • Closest College: Moody Bible Institute
  • Closest Jr. College: Cooking And Hospitality Institute
  • Median Household Income: $77,730
  • Annual Residential Turnover: 22%
  • Median Home Sales Price: $295,000
  • Closest Major Sports Team: Chicago Bears
  • Change Avg. Household Income Since 2000: 37.94%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60610 (Chicago, IL)
Median Age: 36.01 Married: 25% Number of Households: 23,952 Households with Children: 2,179
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 60610 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Chicago Grammar School 0.1 mi Private PRESCHOOL-8 0 0
      Walter Payton College Preparatory High School 0.1 mi Public 9-12 5 4
      Salazar Elementary Bilingual Center 0.2 mi Public PRESCHOOL-8 2 0
      Cornerstone Academy 0.2 mi Private 9-12 0 0
      Edward Jenner Elementary Academy Of The Arts 0.3 mi Public PRESCHOOL-8 0 0
      Franklin Elementary Fine Arts Center 0.4 mi Public K-8 4 0
      Catherine Cook School 0.5 mi Private PRESCHOOL-8 0 0
      Skinner North Elementary School 0.5 mi Public K-8 5 0
      Immaculate Conception St. Joseph School 0.5 mi Catholic PRESCHOOL-7 0 0
      George Manierre Elementary School 0.6 mi Public PRESCHOOL-8 0 0
      William B Ogden Elementary School 0.7 mi Public PRESCHOOL-5 4 4
      Noble Street Charter - The Noble Academy 0.7 mi Public - 0 0
      Chicago International Charter - Chicago Quest North Campus 0.7 mi Public 7-11 0 0
      Latin School Of Chicago Upper 0.8 mi Private PRESCHOOL-12 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 60610 (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.