Real Estate Market Update for 60612 (Chicago, IL)

Video: Real Estate Community Tour for 60612 (Chicago, IL)

See Real estate community tour for 60612 (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 25% from one year earlier, and up 5% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 280-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 1%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 240-thousand dollars. The number of units sold increased 38% year-over-year, and increased 29% 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 60612 (Chicago, IL)
Area Information for 60612 (Chicago, IL)
  • Population: 34,017
  • Median Age: 31.03 yr
  • Median Commute Time: 26.43 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 9,078/sq mi
  • Population Change Since 2000: -12.58%
  • 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: $35,253
  • Annual Residential Turnover: 17.68%
  • Median Years in Residence: 2.45 yr
  • Median Home Sales Price: $101,250
  • Closest Major Sports Team: Chicago Black Hawks
  • Change Avg. Household Income Since 2000: 42%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60612 (Chicago, IL)
Median Age: 31.03 Married: 17% Number of Households: 13,493 Households with Children: 4,652
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 60612 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Phoenix Military Academy High School 0.1 mi Public 9-12 2-5 4
      Marine Military Academy High School 0.1 mi Public 10-12 1 3
      Dodge Elementary School 0.3 mi Public K-8 3 3
      St Malachy School 0.3 mi Catholic PRESCHOOL-8 0 4
      Crane Achievement Academy High School 0.3 mi Public 9-10 0 0
      Crane Technical Prep High School 0.3 mi Public 12-12 0 0
      Crane Medical Prep Hs 0.3 mi Public 9- 0 0
      Uno Network Elem Charter School 0.4 mi Public K-11 2 3
      Dett Elem School 0.4 mi Public PRESCHOOL-8 2-5 3
      Noble Street Charter Bulls 0.5 mi Public 9-12 0 0
      Suder Montessori Elem Magnet Schl 0.6 mi Public K-8 4 4
      Rush Day School 0.6 mi Private 2-8 0 0
      Learn Charter Campbell 0.6 mi Public K-5 0 0
      Cather Elem School 0.6 mi Public PRESCHOOL-8 3 0
      Irving Elementary School 0.6 mi Public K-8 1 4
      Chicago Hope Academy 0.8 mi Private 9-12 0 4
      West Town Academy 0.8 mi Private UNGRADE-UNGRADE 0 0
      Mitchell Elementary School 0.8 mi Public PRESCHOOL-8 3 4
      Jensen Elem Scholastic Academy 0.9 mi Public K-8 3 3
      Hillside Academy East 0.9 mi Private - 0 0
      Manley Career Academy High School 0.9 mi Public 9-12 0 0
      William Brown Elem School 0.9 mi Public PRESCHOOL-8 1 4
      Locke A Elementary Charter Academy 0.9 mi Public PRESCHOOL-8 3 4
      Learn Excel Campus 0.9 mi Public K-5 0 0
      Learn Charter Middle School 0.9 mi Public 6-8 0 0
      Learn Charter 7 0.9 mi Public K-4 0 0
      Beidler Elem School 1.0 mi Public PRESCHOOL-8 1 3
      Rudolph Elem Learning Center 1.0 mi Public PRESCHOOL-PRESCHOOL 0 0
      Jefferson N Alt School 1.0 mi Public 6-12 0 0
      Kellman Corporate Community Elementary School 1.0 mi Public PRESCHOOL-8 3 3
      Children Of Peace School 1.0 mi Catholic PRESCHOOL-8 0 4
      Hope Institute Learning Academy 1.1 mi Public K-5 0 3
      Morton School Of Excellence 1.1 mi Public PRESCHOOL-8 2-5 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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 60612 (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.