Real Estate Market Update for 60628 (Chicago, IL)
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Welcome to your monthly "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 17% from one year earlier and down 7% 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 50-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 36% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just over 20-thousand dollars. Overall, The number of units sold Increased 41% year-over-year and Increased 11% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. 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)
  • Community Character: Low Residential Turnover
  • Population: 70,893
  • Median Age: 33.56 yr
  • Median Commute Time: 41 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 75
  • Sales Tax: 5%
  • Population Density: 6,505/sq mi
  • Population Change Since 2000: -19%
  • Closest Airport: Chicago Midway International
  • Closest College: Chicago State University
  • Closest Jr. College: City Colls Of Chicago Olive-h
  • Median Household Income: $39,655
  • Annual Residential Turnover: 11.27%
  • Median Years in Residence: 3.74 yr
  • Median Home Sales Price: $66,000
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 3%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 60628 (Chicago, IL)
Median Age: 33.56 Married: 24% Number of Households: 24,198 Households with Children: 9,251
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
      Gwendolyn Brooks Preparatory Academy 0.1 mi Public 9 - 12 4-5 3
      Vivian E Summers School 0.3 mi Public K - 12 0 0
      Georgie Pullman Elementary School 0.4 mi Public K - 8 1 2
      Sanders Academy Of Excellence 0.4 mi Private K - 8 0 0
      Chicago Int'l Cs - Prairie 0.4 mi Public K - 8 0 0
      Curtis Elementary School 0.5 mi Public K - 8 0 0
      Lavizzo Elementary School 0.7 mi Public K - 8 0 3
      Cullen Elementary School 0.8 mi Public K - 8 2-5 0
      Salem Christian Academy 0.8 mi Private K - 8 0 4
      Songhai Learning Institute 0.8 mi Public K - 8 0 0
      Roseland Christian School 0.9 mi Private K - 8 0 4
      Alex Haley Academy 0.9 mi Public K - 8 1 3
      Poe Classical School 1.0 mi Public K - 6 5 4
      Kohn Elementary School 1.1 mi Public K - 8 0 0
      Christian Fenger High School 1.1 mi Public 9 - 12 0 2
      Langston Hughes Elementary School 1.2 mi Public K - 8 0 0
      St John De Lasalle academy 1.3 mi Catholic K - 8 0 4
      Smith Elementary School 1.3 mi Public K - 8 1 2
      Dunne Elementary School 1.3 mi Public K - 8 2-5 0
      Corliss High School 1.3 mi Public 9 - 12 0 0
      Bennett Elementary School 1.4 mi Public K - 8 1 3
      West Pullman Elementary School 1.4 mi Public K - 8 1 3
      Gompers Elementary School 1.4 mi Public 5 - 8 1 2
      Jesse Owens Community Academy 1.6 mi Public K - 3 2-5 2
      Metcalfe Community Academy 1.7 mi Public K - 8 1 3
      St Helena Of The Cross School 1.7 mi Catholic K - 8 0 0
      Olive Harvey Middle Clg High School 1.9 mi Public 9 - 12 0 0
      Fernwood Elementary School 1.9 mi Public K - 8 2 3
      Harlan Community Academy 2.0 mi Public 7 - 12 3 2
      Brown Academy 2.1 mi Public K - 8 1 0
      Schmid Elementary School 2.1 mi Public K - 8 2 3
      Medgar Evers Elementary School 2.1 mi Public K - 8 2-5 3
      Banner School 2.2 mi Private K - 12 0 0
      Dubois Elementary School 2.6 mi Public K - 8 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 © 2010
      Local Weather for 60628 (Chicago, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 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.