Real Estate Market Update for 60632 (Chicago, IL)
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 48% from one year earlier, and down 23% 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 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 62%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 130-thousand dollars. The number of units sold increased 20% year-over-year, and increased 10% 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 60632 (Chicago, IL)
Area Information for 60632 (Chicago, IL)
  • Population: 91,079
  • Median Age: 28.07 yr
  • Median Commute Time: 31.41 mins
  • Educational Climate*: 2
  • Sales Tax: 8%
  • Population Density: 12,263/sq mi
  • Population Change Since 2000: 3.43%
  • Closest Airport: Chicago Midway International
  • Closest College: Illinois Institute Of Technology
  • Closest Jr. College: Morton College
  • Median Household Income: $41,176
  • Annual Residential Turnover: 13.87%
  • Median Years in Residence: 2.8 yr
  • Median Home Sales Price: $92,000
  • Closest Major Sports Team: White Sox
  • Change Avg. Household Income Since 2000: 9%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60632 (Chicago, IL)
Median Age: 28.07 Married: 23% Number of Households: 24,420 Households with Children: 13,668
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 60632 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Columbia Explorers Elementary Academy 0.4 mi Public K-8 2-5 3
      Kiddy Kare Preschool Inc 0.5 mi Private PRESCHOOL-K 0 0
      St. Bruno School 0.6 mi Catholic PRESCHOOL-8 0 4
      Gunsaulus Elementary Scholastic Academy 0.7 mi Public PRESCHOOL-8 2 3
      Curie Metropolitan High School 0.7 mi Public 9-12 1 3
      Pope John Paul Ii Catholic School 0.8 mi Catholic PRESCHOOL-8 0 4
      Edwards Elementary School 0.8 mi Public PRESCHOOL-8 2 3
      Sawyer Elementary School 0.9 mi Public K-8 2 4
      Davis N Elementary School 1.0 mi Public PRESCHOOL-8 1 2
      Kelly High School 1.0 mi Public 9-12 1 3
      Solorio Acad High School 1.1 mi Public 9-9 0 0
      Hernandez Middle School 1.2 mi Public 6-8 1 4
      Shields Elementary School 1.2 mi Public PRESCHOOL-4 2 2
      Mckinley Park Elem School 1.3 mi Public PRESCHOOL-8 0 0
      St Richard Elementary School 1.3 mi Catholic PRESCHOOL-8 0 4
      Nightingale Elementary School 1.4 mi Public PRESCHOOL-8 1 3
      Brighton Park Elementary School 1.4 mi Public PRESCHOOL-8 2 4
      Academy For Global Citizenship 1.5 mi Public K-6 0 5
      Christopher Elementary School 1.5 mi Public K-8 2 4
      Talman Elementary School 1.6 mi Public PRESCHOOL-8 3 4
      Burroughs Elementary School 1.6 mi Public PRESCHOOL-8 3 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 © 2014
      Local Weather for 60632 (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.