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 August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 44% from one year earlier, and down 14% 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 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 22%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 220-thousand dollars. The number of units sold increased 15% year-over-year, and decreased 35% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
Show Transcript
Map Information for 60612 (Chicago, IL)
Area Information for 60612 (Chicago, IL)
  • Population: 35,909
  • Median Age: 33.11 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 9,576/sq mi
  • Population Change Since 2000: -5.81%
  • 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: $38,629
  • Annual Residential Turnover: 22%
  • Median Home Sales Price: $245,000
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: 56.55%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60612 (Chicago, IL)
Median Age: 33.11 Married: 19% Number of Households: 14,066 Households with Children: 4,197
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 School Rating Parent Rating
      Phoenix Military Academy High School 0.1 mi Public 9-12 3 4
      Marine Military Math And Science Academy 0.1 mi Public 10-12 1 2
      Changing Oasis 0.2 mi Private 9-12 0 0
      St. Malachy School 0.3 mi Catholic PRESCHOOL-8 0 0
      Richard T Crane Medical Preparatory High School 0.3 mi Public 9-9 0 0
      Ombudsman Chicago- West 0.4 mi Public 9-12 0 0
      Uno Network Charter School 0.4 mi Public K-12 1 0
      Robert Nathaniel Dett Elementary School 0.4 mi Public PRESCHOOL-8 0 0
      Noble Street Charter - Chicago Bulls College Prep 0.5 mi Public 9-12 0 0
      Living Free Center 0.5 mi Private 5-11 0 0
      Suder Montessori Magnet Elem Schl 0.6 mi Public PRESCHOOL-7 1 0
      Rush Day School 0.6 mi Private 2-8 0 0
      Learn Charter Elementary Charles And Dorothy Campbell Campus 0.6 mi Public K-5 0 0
      Willa Cather Elementary School 0.6 mi Public PRESCHOOL-8 1 0
      Washington Irving Elementary School 0.6 mi Public K-8 1 0
      Chicago Hope Academy 0.8 mi Private 9-12 0 0
      Ellen Mitchell Elementary School 0.8 mi Public PRESCHOOL-8 4 0
      Jensen Elementary Scholastic Academy 0.9 mi Public PRESCHOOL-8 0 4
      Hillside Academy East 0.9 mi Private - 0 0
      Manley Career Academy High School 0.9 mi Public 9-12 0 3
      William H Brown Elementary School 0.9 mi Public PRESCHOOL-8 0 0
      Alain Locke Elementary Charter Academy 0.9 mi Public PRESCHOOL-8 4 0
      Altus Academy 0.9 mi Private 2-8 0 0
      Learn Charter School 7th Campus 0.9 mi Public K-5 0 0
      Learn Excel Campus 0.9 mi Public K-5 0 0
      Learn Charter Middle School 0.9 mi Public 6-8 0 0
      Jacob Beidler Elementary School 1.0 mi Public PRESCHOOL-8 2 0
      Rudolph Elementary Learning Center 1.0 mi Public PRESCHOOL-PRESCHOOL 0 0
      Nancy B Jefferson Alternative High School 1.0 mi Public 9-12 0 0
      Joseph Kellman Corporate Community Elementary School 1.0 mi Public PRESCHOOL-8 1 0
      Children Of Peace School 1.0 mi Catholic PRESCHOOL-8 0 0
      West Town Academy 1.1 mi Private UNGRADE-UNGRADE 0 0
      Hope Inst Learning Academy High School 1.1 mi Public K-6 1 0
      Morton Elementary Career Academy 1.1 mi Public PRESCHOOL-8 2 0
      Mary Mapes Dodge Elementary Renaissance Academy 1.1 mi Public K-8 1 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 60612 (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.