Real Estate Market Update for 60628 (Chicago, IL)

Video: Real Estate Community Tour for 60628 (Chicago, IL)

See Real estate community tour for 60628 (Chicago, IL)
Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 23% from one year earlier, and down 14% 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 70-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 23%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 30-thousand dollars. The number of units sold increased 2% year-over-year, and increased 11% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 60628 (Chicago, IL)
Area Information for 60628 (Chicago, IL)
  • Population: 71,243
  • Median Age: 37.4 yr
  • Median Commute Time: 45 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 6,524/sq mi
  • Population Change Since 2000: -19.67%
  • Closest Airport: Chicago Midway International
  • Closest College: Chicago State University
  • Closest Jr. College: Olive Harvey College-city Cllgs Chicago
  • Median Household Income: $38,928
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $52,500
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 4.99%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60628 (Chicago, IL)
Median Age: 37.4 Married: 20% Number of Households: 24,202 Households with Children: 6,380
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 School Rating Parent Rating
      Brooks College Prep Academy High School 0.1 mi Public 9-12 5 4
      Vivian E Summers Alternative High School 0.3 mi Private 6-12 0 0
      Pullman Elementary School 0.4 mi Public K-8 1 0
      Sanders Academy Of Excellence 0.4 mi Private PRESCHOOL-6 0 0
      Resourceful Center Academy Of Scholars 0.4 mi Private PRESCHOOL-6 0 0
      Chicago International Charter - Prarie 0.4 mi Public K-8 0 0
      Curtis Elementary School 0.5 mi Public PRESCHOOL-8 0 0
      Rehoboth Educational Academy 0.7 mi Private PRESCHOOL-12 0 0
      Cullen Elementary School 0.7 mi Public K-8 1 2
      Lavizzo Elementary School 0.7 mi Public PRESCHOOL-8 0 0
      G & L Johnson Career Academy 0.7 mi Private PRESCHOOL-6 0 0
      Chicago Collegiate Charter School 0.8 mi Public 4-6 1 0
      Salem Christian Academy 0.8 mi Private PRESCHOOL-8 0 0
      Kwame Nkrumah Academy 0.9 mi Public K-8 0 0
      Haley Elementary Academy 0.9 mi Public PRESCHOOL-8 1 0
      Poe Elementary Classical School 1.0 mi Public K-6 5 0
      Fenger Academy High School 1.1 mi Public 9-12 0 3
      Jack Activity School Of Art 1.2 mi Private PRESCHOOL-5 0 0
      Hughes L Elementary School 1.2 mi Public K-8 0 0
      Together In Love Academy 1.3 mi Private PRESCHOOL-8 0 0
      St. John De La Salle School 1.3 mi Catholic PRESCHOOL-8 0 0
      Smith w Elementary School 1.3 mi Public PRESCHOOL-8 1 0
      Dunne Technology Acad Elementary School 1.3 mi Public PRESCHOOL-8 2 0
      Corliss High School 1.3 mi Public 9-12 0 4
      Noble Street Chtr Crimson 1.3 mi Public 9-11 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 0
      Wisdom Learning Academy 1.4 mi Private PRESCHOOL-12 0 0
      Magic Johnson - South Shore High School 1.4 mi Public 9-12 0 0
      Loving Spirit Comm Academy 1.5 mi Private K- 0 0
      Roseland Learning Center 1.6 mi Private PRESCHOOL-K 0 0
      Metcalfe Elementary Community Academy 1.7 mi Public K-8 1 0
      Power Day Care Center 1.9 mi Private PRESCHOOL-K 0 0
      Fernwood Elementary School 1.9 mi Public PRESCHOOL-8 2 0
      Harlan Community Academy High School 2.0 mi Public 7-12 0 3
      Brown R Elementary Community Academy 2.1 mi Public PRESCHOOL-8 3 0
      Schmid Elementary School 2.1 mi Public PRESCHOOL-8 1 0
      Evers Elementary School 2.1 mi Public PRESCHOOL-8 1 0
      Banner School 2.2 mi Private 6-12 0 0
      Childrens Center Outreach 2.4 mi Private 1-3 0 0
      Educate Empower Academy 2.6 mi Private PRESCHOOL-5 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 © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 60628 (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.