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 December's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 7% from one year earlier, and down 27% 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 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 47%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 250-thousand dollars. The number of units sold decreased 40% year-over-year, and decreased 28% 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 60625 (Chicago, IL)
Area Information for 60625 (Chicago, IL)
  • Population: 80,080
  • Median Age: 32.24 yr
  • Median Commute Time: 32.4 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 20,548/sq mi
  • Population Change Since 2000: -12.22%
  • Closest Airport: Chicago O'hare International
  • Closest College: North Park University
  • Closest Jr. College: Harry S Truman Clg-city Clgs Of Chicago
  • Median Household Income: $52,739
  • Annual Residential Turnover: 16.51%
  • Median Years in Residence: 2.37 yr
  • Median Home Sales Price: $180,500
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 31%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60625 (Chicago, IL)
Median Age: 32.24 Married: 24% Number of Households: 30,037 Households with Children: 9,320
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 60625 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Swedish Cov Hosp Child Care Cr 0.2 mi Private PRESCHOOL-PRESCHOOL 0 0
      Northshore Adventist Academy 0.2 mi Private PRESCHOOL-12 0 5
      Budlong Elementary School 0.3 mi Public PRESCHOOL-8 3 3
      Lawrence Hall Youth Services 0.3 mi Private 9-12 0 1
      Lawrence Hall Chase 0.3 mi Private - 0 0
      Lawrence Hall Jarvis 0.3 mi Private - 0 0
      Lawrence Hall Touhy 0.3 mi Private - 0 0
      Lawrence Hall Avers 0.3 mi Private - 0 0
      Lawrence Hall Greenleaf 0.3 mi Private - 0 0
      Lawrence Hall Institutional 0.3 mi Private - 0 0
      Lawrence Hall Day Dreams 0.3 mi Private - 0 0
      Lawrence Hall Day 0.3 mi Private - 0 0
      Albany Park Multicultural Elementary School 0.4 mi Public 7-8 2-5 0
      Hibbard Elementary School 0.5 mi Public PRESCHOOL-6 1 3
      Little Angels 0.5 mi Private PRESCHOOL-7 0 0
      Von Steuben Metro Science High School 0.6 mi Public 9-12 3-5 4
      Gateway To Learning School 0.6 mi Private UNGRADE-UNGRADE 0 0
      Gateway To Learning School 0.6 mi Private 9-11 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 4
      Peterson Elementary School 0.8 mi Public PRESCHOOL-8 2-5 4
      Telshe High School 0.8 mi Private 9-12 0 0
      Waters Elementary School 0.9 mi Public PRESCHOOL-8 2-5 5
      Roosevelt High School 0.9 mi Public 9-12 0 3
      North River Elementary School 0.9 mi Public PRESCHOOL-8 2-5 3
      Queen Of Angels Elementary School 1.0 mi Catholic PRESCHOOL-8 0 5
      Chappell Elementary School 1.0 mi Public PRESCHOOL-8 3 3
      Thresholds James House 1.0 mi Private - 0 0
      Aspira Haugan Middle School 1.1 mi Public 6-8 0 0
      Amundsen High School 1.1 mi Public 9-12 1 3
      Volta Elementary School 1.2 mi Public PRESCHOOL-8 1 3
      Haugan Elementary School 1.3 mi Public PRESCHOOL-6 1 3
      Ravenswood Baptist Christian School 1.4 mi Private PRESCHOOL-12 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 60625 (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.