Real Estate Market Update for 60624 (Chicago, IL)

Video: Real Estate Community Tour for 60624 (Chicago, IL)

See Real estate community tour for 60624 (Chicago, IL)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 14% from one year earlier, and up 1% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 90-thousand dollars. The number of units sold decreased 26% year-over-year, and decreased 26% 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 60624 (Chicago, IL)
Area Information for 60624 (Chicago, IL)
  • Population: 38,359
  • Median Age: 32.07 yr
  • Median Commute Time: 38 mins
  • Educational Climate*: 2
  • Sales Tax: 9%
  • Population Density: 10,851/sq mi
  • Population Change Since 2000: -15.96%
  • Closest Airport: Chicago Midway International
  • Closest College: University Of Il-college Of Medicine
  • Closest Jr. College: Malcolm X College-city Clgs Chicago
  • Median Household Income: $25,205
  • Annual Residential Turnover: 17%
  • Median Home Sales Price: $70,000
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: 17.09%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60624 (Chicago, IL)
Median Age: 32.07 Married: 12% Number of Households: 12,812 Households with Children: 4,314
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 60624 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Genevieve Melody Elementary School 0.2 mi Public PRESCHOOL-8 0 0
      Providence - St Mel School 0.4 mi Private PRESCHOOL-12 0 0
      George W Tilton Elementary School 0.4 mi Public K-8 0 0
      Leif Ericson Elementary Scholastic Academy 0.5 mi Public PRESCHOOL-8 2 0
      Legal Prep Charter Academy 0.5 mi Public 9-12 0 0
      Raby High School 0.5 mi Public 9-12 0 4
      Laura S Ward Elementary School 0.6 mi Public K-8 2 0
      Greater Rock Gifted Learning Academy 0.6 mi Private PRESCHOOL-5 0 0
      Helen M Hefferan Elementary School 0.7 mi Public PRESCHOOL-8 3 0
      Philadelphia School Of Arts 0.7 mi Private PRESCHOOL-5 0 0
      Gregory Math & Sci Elementary Academy 0.7 mi Public PRESCHOOL-8 1 0
      Daniel Webster Elementary School 0.8 mi Public PRESCHOOL-8 2 0
      Michael Faraday Elementary School 0.8 mi Public PRESCHOOL-8 1 0
      John Marshall Metropolitan High School 0.8 mi Public 9-12 0 3
      Charles Sumner Math & Science Community Academy Elementary 0.8 mi Public PRESCHOOL-8 2 0
      Enliven Christian Academy 0.9 mi Private K-2 0 0
      Orr Academy High School 1.0 mi Public 9-12 0 2
      Frazier International Magnet Elem School 1.0 mi Public K-8 4 0
      Frazier Preparatory Academy Charter School 1.0 mi Public K-8 1 0
      Mount Ebenezer 1.0 mi Private UNGRADE-UNGRADE 0 0
      Holy Family School 1.0 mi Private K-8 0 0
      Fizer Temple Academy 1.0 mi Private PRESCHOOL-5 0 0
      The Shirley Deer Education And Technology Institute 1.0 mi Private 9-10 0 0
      Ford Power House Charter High School 1.1 mi Public 12-12 1 3
      Noble Street Charter - Drw College Prep 1.1 mi Public 9-12 0 0
      Westinghouse High School 1.1 mi Public 9-12 4 4
      Polaris Elementary Charter Academy 1.1 mi Public K-8 1 0
      Learn Romano Butler Campus 1.1 mi Public PRESCHOOL-8 2 0
      Magic Johnson Academy - North Lawndale High School 1.3 mi Public 9-12 0 2
      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 60624 (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.