Real Estate Market Update for 60617 (Chicago, IL)
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 15% 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 80-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 29% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 40-thousand dollars. The number of units sold Decreased 11% year-over-year and Decreased 37% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales 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.
Map Information for 60617 (Chicago, IL)
Area Information for 60617 (Chicago, IL)
  • Community Character: Low Residential Turnover
  • Population: 84,037
  • Median Age: 33.53 yr
  • Median Commute Time: 33.33 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 92
  • Sales Tax: 5%
  • Population Density: 4,760/sq mi
  • Population Change Since 2000: -13%
  • Closest Airport: Gary/chicago International
  • Closest College: Chicago State University
  • Closest Jr. College: City Colls Of Chicago Olive-h
  • Median Household Income: $39,910
  • Annual Residential Turnover: 12.7%
  • Median Years in Residence: 3.45 yr
  • Median Home Sales Price: $77,000
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 12%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 60617 (Chicago, IL)
Median Age: 33.53 Married: 31% Number of Households: 29,165 Households with Children: 11,787
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 60617 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Lawrence Elementary School 0.1 mi Public PRESCHOOL-8 0 2
      Banner Academy South High School 0.2 mi Private 9-12 0 0
      Marsh Elementary School 0.7 mi Public PRESCHOOL-8 2 5
      Sacred Heart School 0.8 mi Private K-8 0 5
      Burnham Elementary Inclusive Academy 0.8 mi Public K-4 3 3
      Dorsey Developmental Institute 1.0 mi Private PRESCHOOL-1 0 0
      Buckingham Special Education Center 1.0 mi Public 1-8 0 0
      Bright Elementary School 1.0 mi Public PRESCHOOL-8 0 1
      Warren Elementary School 1.0 mi Public PRESCHOOL-8 2 1
      Earhart Elementary Opt For Knowl School 1.2 mi Public K-8 3-5 4
      Black Magnet Elementary School 1.2 mi Public K-8 3 4
      Hoyne Elementary School 1.3 mi Public K-8 2-5 4
      Mireles Elementary Academy 1.4 mi Public PRESCHOOL-8 0 4
      New Millennium Health High School 1.4 mi Public 9-12 0 2
      Global Visions High School 1.4 mi Public 9-12 0 0
      Mckinley Highland School 1.5 mi Private UNGRADE-UNGRADE 0 0
      Our Lady Of Guadalupe 1.5 mi Private K-8 0 4
      St. Francis De Sales High School 1.6 mi Private 9-12 0 4
      Gallistel Elementary Language Academy 1.6 mi Public PRESCHOOL-8 1 3
      Taylor Elementary School 1.6 mi Public PRESCHOOL-8 1 4
      Chicago Vocational Achievement Acad High School 1.7 mi Public 9-12 0 1
      Chicago Vocational Career Acad High School 1.7 mi Public 9-12 0 3
      Immaculate Conception 1.7 mi Private K-8 0 0
      Thorp J N Elementary School 1.7 mi Public PRESCHOOL-8 1 4
      Carc/mary Alyce Remedial Center 1.7 mi Private - 0 0
      Coles Elementary Language Academy 1.9 mi Public PRESCHOOL-8 2 3
      Caldwell Elementary Acad Of Math & Science 1.9 mi Public PRESCHOOL-8 1 2
      Addams Elementary School 2.0 mi Public PRESCHOOL-8 2-5 4
      Little House Montessori 2.1 mi Private PRESCHOOL-K 0 0
      A Whizz Kids Preschool Inc Ii 2.1 mi Private PRESCHOOL-K 0 0
      Kiddie Works Inc 2.2 mi Private PRESCHOOL-K 0 0
      Ninos Heroes Elementary Academic Center 2.2 mi Public PRESCHOOL-8 1 3
      Annunciata School 2.3 mi Private PRESCHOOL-8 0 3
      Epic Academy High School 2.3 mi Public 9-12 0 0
      Epic Academy High School 2.3 mi Public 9-12 0 0
      Washington G High School 2.3 mi Public 9-12 1 2
      Sullivan House High School 2.3 mi Private 9-12 0 0
      Washington G Elementary School 2.3 mi Public PRESCHOOL-8 4 4
      St. Michael School 2.4 mi Private PRESCHOOL-8 0 5
      Sullivan Elementary School 2.4 mi Public PRESCHOOL-8 1 2
      Mann Elementary School 2.5 mi Public PRESCHOOL-8 0 2
      Brenda's Kids Club Daycare Center 2.7 mi Private PRESCHOOL-K 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: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 60617 (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.