Real Estate Market Update for 60628 (Chicago, IL)
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 30% from one year earlier, and down 5% 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 60-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 40%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 40-thousand dollars. The number of units sold decreased 16% year-over-year, and increased 6% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.
Map Information for 60628 (Chicago, IL)
Area Information for 60628 (Chicago, IL)
  • Population: 72,085
  • Median Age: 36.63 yr
  • Median Commute Time: 41 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 6,602/sq mi
  • Population Change Since 2000: -17.62%
  • Closest Airport: Chicago Midway International
  • Closest College: Chicago State University
  • Closest Jr. College: Olive Harvey College-city Cllgs Chicago
  • Median Household Income: $40,156
  • Annual Residential Turnover: 11.27%
  • Median Years in Residence: 3.75 yr
  • Median Home Sales Price: $45,500
  • Closest Major Sports Team: White Sox
  • Change Avg. Household Income Since 2000: 4%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60628 (Chicago, IL)
Median Age: 36.63 Married: 18% Number of Households: 24,835 Households with Children: 9,204
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 60628 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Brooks College Prep Academy High School 0.2 mi Public 9-12 5 3
      Summers Alternative School 0.3 mi Public 6-12 0 0
      Pullman Elementary School 0.4 mi Public PRESCHOOL-8 2 2
      Sanders Academy Of Excellence 0.4 mi Private PRESCHOOL-6 0 0
      Sanders Academy Of Excellence 0.4 mi Private PRESCHOOL-8 0 1
      Chicago International Charter - Prarie 0.4 mi Public K-8 0 0
      Curtis Elementary School 0.5 mi Public PRESCHOOL-8 1 0
      Salem Christian Academy 0.5 mi Private PRESCHOOL-8 0 4
      Lavizzo Elementary School 0.7 mi Public PRESCHOOL-8 2 3
      Maranatha Christian Academy 0.7 mi Private PRESCHOOL-12 0 0
      Cullen Elementary School 0.7 mi Public K-8 2-5 0
      Haley Elementary Academy 0.9 mi Public PRESCHOOL-8 1 3
      Poe Elementary Classical School 1.0 mi Public K-6 5 4
      Fenger Academy High School 1.1 mi Public 9-12 0 2
      Hughes L Elementary School 1.2 mi Public PRESCHOOL-8 1 0
      St. John De La Salle School 1.3 mi Catholic PRESCHOOL-8 0 4
      Smith w Elementary School 1.3 mi Public PRESCHOOL-8 0 2
      Dunne Technology Acad Elementary School 1.3 mi Public PRESCHOOL-8 3 5
      Corliss High School 1.3 mi Public 9-12 0 0
      Florence Foster Montessori Academy 1.4 mi Private PRESCHOOL-K 0 0
      Imani Children's Academy 1.4 mi Private PRESCHOOL-K 0 0
      Bennett Elementary School 1.4 mi Public PRESCHOOL-8 1 3
      Gompers Elementary Fine Arts Opt School 1.4 mi Public 4-8 1 2
      Roseland Learning Center 1.6 mi Private PRESCHOOL-K 0 0
      Metcalfe Elementary Community Academy 1.7 mi Public PRESCHOOL-8 1 3
      St Helena Of The Cross 1.7 mi Catholic PRESCHOOL-5 0 4
      Power Day Care Center 1.9 mi Private PRESCHOOL-K 0 0
      Fernwood Elementary School 1.9 mi Public PRESCHOOL-8 2 3
      Harlan Community Academy High School 2.0 mi Public 7-12 3 2
      Brown R Elementary Community Academy 2.1 mi Public PRESCHOOL-8 2 5
      Schmid Elementary School 2.1 mi Public PRESCHOOL-8 1 3
      Evers Elementary School 2.1 mi Public PRESCHOOL-8 3 3
      Banner Therapeutic Day School 2.3 mi Private 6-12 0 0
      Honey Bear Nursery & Kindergarten 2.3 mi Private PRESCHOOL-K 0 0
      Childrens Center Outreach 2.4 mi Private PRESCHOOL-5 0 0
      Magnet Preschool & Kindergarten 2.5 mi Private PRESCHOOL-K 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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 60628 (Chicago, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.