Real Estate Market Update for 60622 (Chicago, IL)

Video: Real Estate Community Tour for 60622 (Chicago, IL)

See Real estate community tour for 60622 (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 26% 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 over 560-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 27%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 500-thousand dollars. The number of units sold decreased 18% year-over-year, and decreased 7% 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 60622 (Chicago, IL)
Area Information for 60622 (Chicago, IL)
  • Population: 54,328
  • Median Age: 34.2 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 22,098/sq mi
  • Population Change Since 2000: -5.79%
  • Closest Airport: Chicago Midway International
  • Closest College: Rush Medical College
  • Closest Jr. College: The College Of Office Technology
  • Median Household Income: $72,264
  • Annual Residential Turnover: 21%
  • Median Home Sales Price: $435,000
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: 89.04%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60622 (Chicago, IL)
Median Age: 34.2 Married: 25% Number of Households: 24,879 Households with Children: 4,707
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 60622 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Lasalle Ii Magnet Elementary School 0.1 mi Public PRESCHOOL-8 4 0
      Wells Community Academy High School 0.3 mi Public 9-12 0 3
      Pritzker Elementary School 0.4 mi Public PRESCHOOL-8 4 0
      Christopher Columbus Elementary School 0.5 mi Public PRESCHOOL-8 4 0
      St Nicholas Cathedral 0.6 mi Catholic PRESCHOOL-8 0 0
      Sabin Elementary Magnet School 0.6 mi Public K-8 3 2
      Mancel Talcott Elementary School 0.7 mi Public K-8 2 0
      St Helen School 0.7 mi Catholic PRESCHOOL-8 0 0
      Jose De Diego Elementary Community Academy 0.7 mi Public PRESCHOOL-8 1 0
      Roberto Clemente Community Academy High School 0.7 mi Public 9-12 0 4
      Jonathan Burr Elementary School 0.7 mi Public PRESCHOOL-8 3 0
      Josephinum Academy 0.8 mi Catholic 9-12 0 0
      Wolcott School 0.8 mi Private 9-12 0 0
      Esperanza School Intensive 0.8 mi Private - 0 0
      Esperanza School 0.8 mi Private 3-12 0 0
      Magic Johnson Academy - Humboldt Park High School 0.8 mi Public 9-12 0 0
      St. Mary Of The Angels 0.9 mi Catholic PRESCHOOL-8 0 0
      Frederic Chopin Elementary School 0.9 mi Public PRESCHOOL-8 2 0
      Uno Esmeralda Santiago Charter School 0.9 mi Public K-8 0 0
      Drummond Elementary School 0.9 mi Public K-8 4 0
      Erie Elementary Charter School 1.2 mi Public K-8 2 0
      Chicago High School For The Arts 1.2 mi Public 9-12 4 4
      Puerto Rican H S - Pedro A Campos 1.2 mi Private 9-12 0 0
      Ucan Academy 1.7 mi Private 2-12 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 60622 (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.