Real Estate Market Update for 60617 (Chicago, IL)

Video: Real Estate Community Tour for 60617 (Chicago, IL)

See Real estate community tour for 60617 (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 21% from one year earlier, and down 6% 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 100-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 24%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 80-thousand dollars. The number of units sold decreased 15% year-over-year, and decreased 6% 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 60617 (Chicago, IL)
Area Information for 60617 (Chicago, IL)
  • Population: 83,568
  • Median Age: 36.11 yr
  • Median Commute Time: 39 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 6,027/sq mi
  • Population Change Since 2000: -12.76%
  • Closest Airport: Chicago Midway International
  • Closest College: Chicago State University
  • Closest Jr. College: Olive Harvey College-city Cllgs Chicago
  • Median Household Income: $39,436
  • Annual Residential Turnover: 12%
  • Median Home Sales Price: $73,000
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 10.5%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60617 (Chicago, IL)
Median Age: 36.11 Married: 28% Number of Households: 28,672 Households with Children: 8,697
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 School Rating Parent Rating
      Burnham Elementary Inclusive Academy 0.1 mi Public PRESCHOOL-8 1 0
      John L Marsh Elementary School 0.7 mi Public PRESCHOOL-8 2 0
      Sacred Heart School 0.8 mi Catholic K-8 0 0
      Dorsey Developmental Institute 1.0 mi Private PRESCHOOL-K 0 0
      Orville T Bright Elementary School 1.0 mi Public PRESCHOOL-8 1 0
      Joseph Warren Elementary School 1.0 mi Public PRESCHOOL-8 2 0
      Earhart Elementary Options For Knowledge School 1.2 mi Public K-8 4 0
      Robert A Black Magnet Elementary School 1.2 mi Public K-8 1 0
      Thomas Hoyne Elementary School 1.3 mi Public K-8 3 0
      Arnold Mireles Elementary Academy 1.4 mi Public PRESCHOOL-8 1 0
      Bowen High School 1.4 mi Public 9-12 0 0
      Noble Street Charter - Baker College Prep 1.4 mi Public 9-11 0 0
      Our Lady Of Guadalupe School 1.5 mi Catholic K-8 0 0
      St. Francis De Sales High School 1.6 mi Catholic 9-12 0 4
      A Place Of Hope Christian Ministries 1.6 mi Private PRESCHOOL-3 0 0
      Matthew Gallistel Elementary Language Academy 1.6 mi Public PRESCHOOL-8 1 0
      Douglas Taylor Elementary School 1.6 mi Public PRESCHOOL-8 1 0
      Chicago Vocational Career Academy High School 1.7 mi Public 9-12 0 3
      Immaculate Conception School - Exchange 1.7 mi Catholic K-8 0 0
      Carc/mary Alyce Remedial Center 1.7 mi Private - 0 0
      Thorp j N Elementary School 1.7 mi Public PRESCHOOL-8 1 0
      Learn South Chicago Campus 1.7 mi Public K-8 0 0
      Edward Coles Elementary Language Academy 1.9 mi Public PRESCHOOL-8 1 0
      Charles P Caldwell Academy Of Math & Science Elementary 1.9 mi Public PRESCHOOL-8 1 0
      Jane Addams Elementary School 2.0 mi Public PRESCHOOL-8 3 0
      Great Lakes Academy Charter School 2.0 mi Public K-2 0 0
      World Language Acad Of Scholars 2.0 mi Private PRESCHOOL-3 0 0
      A Whizz Kids Preschool Inc Ii 2.1 mi Private PRESCHOOL-K 0 0
      Ninos Heroes Elementary Academic Center 2.2 mi Public PRESCHOOL-8 1 0
      Epic Academy High School 2.3 mi Public 9-12 1 4
      Annunciata School 2.3 mi Catholic PRESCHOOL-8 0 0
      Washington G High School 2.3 mi Public 9-12 0 3
      Sullivan House High School 2.3 mi Private 10-12 0 0
      George Washington Elementary School 2.3 mi Public PRESCHOOL-8 3 0
      William K New Sullivan Elementary School 2.4 mi Public PRESCHOOL-8 1 0
      St. Michael School 2.4 mi Catholic PRESCHOOL-8 0 0
      Horace Mann Elementary School 2.5 mi Public PRESCHOOL-8 0 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 60617 (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.