Real Estate Market Update for 60615 (Chicago, IL)
Welcome to November's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 3% from one year earlier, and down 9% 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 200-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 55%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 140-thousand dollars. The number of units sold decreased 51% year-over-year, and decreased 60% 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 60615 (Chicago, IL)
Area Information for 60615 (Chicago, IL)
  • Population: 40,818
  • Median Age: 33.54 yr
  • Median Commute Time: 29.25 mins
  • Educational Climate*: 5
  • Sales Tax: 8%
  • Population Density: 18,449/sq mi
  • Population Change Since 2000: -9.72%
  • Closest Airport: Chicago Midway International
  • Closest College: Mc Cormick Theological Seminary
  • Closest Jr. College: Kennedy King Clg-city Clgs Of Chicago
  • Median Household Income: $38,604
  • Annual Residential Turnover: 18.83%
  • Median Years in Residence: 2.39 yr
  • Median Home Sales Price: $108,000
  • Closest Major Sports Team: White Sox
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60615 (Chicago, IL)
Median Age: 33.54 Married: 19% Number of Households: 20,638 Households with Children: 4,602
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 60615 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Children's Rendez-vous 0.2 mi Private K-6 0 0
      Reavis Elementary Math & Sci Spec School 0.2 mi Public PRESCHOOL-8 0 4
      Kozminski Elementary Community Academy 0.3 mi Public PRESCHOOL-8 1 2
      Hales Franciscan High School 0.3 mi Catholic 9-12 0 2
      Dyett High School 0.4 mi Public 10-12 0 2
      Shoesmith Elementary School 0.5 mi Public K-6 1 3
      Creative Mansion Children's Academy 0.5 mi Private PRESCHOOL-K 0 0
      St. Thomas The Apostle Elementary School 0.5 mi Catholic PRESCHOOL-8 0 4
      Murray Elementary Language Academy 0.5 mi Public K-8 4 4
      Kenwood Academy High School 0.7 mi Public 7-12 4 4
      Childrens House Of Miss Tammie 0.7 mi Private PRESCHOOL-1 0 0
      Canter Middle School 0.7 mi Public 8-8 2 3
      Ancona School 0.7 mi Private PRESCHOOL-8 0 5
      Burke Elementary School 0.8 mi Public PRESCHOOL-8 1 2
      Akiba-schechter Jewish Day School 0.9 mi Private PRESCHOOL-8 0 4
      Bronzeville Scholastic High School 1.1 mi Public 9-12 1 3
      Williams Medical Prep High School 1.1 mi Public 7-12 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 © 2014
      Local Weather for 60615 (Chicago, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.