Real Estate Market Update for 60625 (Chicago, IL)

Video: Real Estate Community Tour for 60625 (Chicago, IL)

See Real estate community tour for 60625 (Chicago, IL)
Welcome to June'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 37% from one year earlier, and down 11% 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 410-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 22%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 340-thousand dollars. The number of units sold increased 13% 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.
Show Transcript
Map Information for 60625 (Chicago, IL)
Area Information for 60625 (Chicago, IL)
  • Population: 79,571
  • Median Age: 34.96 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 20,417/sq mi
  • Population Change Since 2000: -11.06%
  • Closest Airport: Chicago Midway International
  • Closest College: North Park University
  • Closest Jr. College: Harry S Truman Clg-city Clgs Of Chicago
  • Median Household Income: $59,451
  • Annual Residential Turnover: 17%
  • Median Home Sales Price: $284,000
  • Closest Major Sports Team: Chicago Cubs
  • Change Avg. Household Income Since 2000: 53.76%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60625 (Chicago, IL)
Median Age: 34.96 Married: 34% Number of Households: 29,614 Households with Children: 8,040
    • 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 60625 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Northshore Adventist Academy 0.2 mi Private PRESCHOOL-8 0 0
      Lyman A Budlong Elementary School 0.3 mi Public PRESCHOOL-8 4 0
      Lawrence Hall Day 0.3 mi Private - 0 0
      Lawrence Hall Youth Services 0.3 mi Private 9-12 0 0
      Albany Park Multicultural Academy 0.4 mi Public 7-8 1 0
      Thomas A Edison Regional Gifted Center Elementary School 0.4 mi Public K-8 5 0
      William G Hibbard Elementary School 0.5 mi Public PRESCHOOL-6 2 0
      Little Angels 0.5 mi Private PRESCHOOL-7 0 0
      Friedrich W Von Steuben Metropolitan Science Hs 0.6 mi Public 9-12 3 4
      Gateway To Learning School 0.6 mi Private UNGRADE-UNGRADE 0 0
      Northside College Preparatory High School 0.6 mi Public 9-12 5 4
      St Matthias School 0.7 mi Catholic PRESCHOOL-8 0 0
      Mary Gage Peterson Elementary School 0.8 mi Public PRESCHOOL-8 3 5
      Telshe High School 0.8 mi Private 9-12 0 0
      Thomas J Waters Elementary School 0.9 mi Public K-8 4 0
      Theodore Roosevelt High School 0.9 mi Public 9-12 1 3
      North River Elementary School 0.9 mi Public PRESCHOOL-8 2 0
      Queen Of Angels Elementary School 1.0 mi Catholic PRESCHOOL-8 0 0
      Eliza Chappell Elementary School 1.0 mi Public PRESCHOOL-8 4 0
      Aspira Charter Haugan Middle School 1.1 mi Public 6-8 0 0
      Roald Amundsen High School 1.1 mi Public 9-12 4 3
      Volta Elementary School 1.2 mi Public PRESCHOOL-8 2 0
      Helge A Haugan Elementary School 1.3 mi Public PRESCHOOL-6 2 1
      Ravenswood Baptist Christian School 1.3 mi Private PRESCHOOL-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 School Review data by
      Local Weather for 60625 (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.