Real Estate Market Update for 60618 (Chicago, IL)

Video: Real Estate Community Tour for 60618 (Chicago, IL)

See Real estate community tour for 60618 (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 4% 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. 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 under 390-thousand dollars. The number of units sold increased 4% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. 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 60618 (Chicago, IL)
Area Information for 60618 (Chicago, IL)
  • Population: 92,109
  • Median Age: 32.18 yr
  • Median Commute Time: 31.75 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 18,200/sq mi
  • Population Change Since 2000: -7.27%
  • Closest Airport: Chicago O'hare International
  • Closest College: Devry University-chicago
  • Closest Jr. College: Harry S Truman Clg-city Clgs Of Chicago
  • Median Household Income: $58,316
  • Annual Residential Turnover: 17.96%
  • Median Years in Residence: 2.4 yr
  • Median Home Sales Price: $265,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 40%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60618 (Chicago, IL)
Median Age: 32.18 Married: 24% Number of Households: 35,780 Households with Children: 11,067
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 60618 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Gordon Tech High School 0.3 mi Catholic 9-12 0 4
      Cleveland Elementary School 0.4 mi Public PRESCHOOL-8 2 4
      Linne Elementary School 0.5 mi Public PRESCHOOL-8 2 4
      Chicago International Charter - Irving Park 0.5 mi Public K-8 0 0
      Lane Technical High School 0.6 mi Public 7-12 5 4
      Rainbow School 0.6 mi Private PRESCHOOL-K 0 0
      Uno Carlos Fuentes Charter School 0.7 mi Public - 0 0
      Kalina Preschool & Kindergarten 0.7 mi Private PRESCHOOL-K 0 0
      Devry Advantage Academy High School 0.7 mi Public 11-12 4-5 3
      Murphy Elementary School 0.8 mi Public K-8 3 4
      Bateman Elem School 0.8 mi Public PRESCHOOL-8 2 3
      Bell Elem School 0.9 mi Public PRESCHOOL-8 5 4
      Reilly Elementary School 0.9 mi Public PRESCHOOL-8 1 2
      Logandale School 0.9 mi Public K-8 1 3
      Park View Lutheran School 0.9 mi Private PRESCHOOL-8 0 5
      Marshall Middle School 1.0 mi Public 7-8 1 3
      Disney Ii Magnet Hs 1.0 mi Public 7- 0 0
      Kidwatch Plus Inc 1.0 mi Private PRESCHOOL-K 0 0
      Henry Elementary School 1.0 mi Public PRESCHOOL-6 2-5 4
      St Benedict Preparatory School 1.1 mi Private PRESCHOOL-12 0 4
      St Benedict Elem School 1.1 mi Catholic K-8 0 5
      Audubon Elementary School 1.1 mi Public PRESCHOOL-8 4-5 5
      Coonley Elementary School 1.1 mi Public PRESCHOOL-8 4-5 4
      Garcia Lorca Elementary School 1.2 mi Public PRESCHOOL-8 1 0
      St Hyacinth 1.2 mi Catholic PRESCHOOL-8 0 3
      Thresholds 1.4 mi Private 10-12 0 0
      Aspira Charter Early College High School 1.4 mi Public 9-12 1 2
      Alcott college Prep West Campus High School 1.4 mi Public 9-11 1 5
      Gateway Montessori School Inc 1.4 mi Private - 0 0
      North Park Elementary School 1.6 mi Private PRESCHOOL-8 0 4
      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 60618 (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.