Real Estate Market Update for 60634 (Chicago, IL)

Video: Real Estate Community Tour for 60634 (Chicago, IL)

See Real estate community tour for 60634 (Chicago, IL)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 34% 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 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 11%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 260-thousand dollars. The number of units sold was consistent year-over-year, and decreased 11% 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 60634 (Chicago, IL)
Area Information for 60634 (Chicago, IL)
  • Population: 75,186
  • Median Age: 39.32 yr
  • Median Commute Time: 33 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 10,570/sq mi
  • Population Change Since 2000: 1.84%
  • Closest Airport: Chicago O'hare International
  • Closest College: Concordia University
  • Closest Jr. College: Wilbur Wright Clg-city Colleges Chicago
  • Median Household Income: $55,987
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $220,000
  • Closest Major Sports Team: Chicago Sky
  • Change Avg. Household Income Since 2000: 17.28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60634 (Chicago, IL)
Median Age: 39.32 Married: 40% Number of Households: 26,007 Households with Children: 7,420
    • 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 60634 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Arthur E Canty Elementary School 0.3 mi Public PRESCHOOL-8 5 0
      St. Francis Borgia School 0.4 mi Catholic PRESCHOOL-8 0 0
      Jolly Fun House Educational Academy Inc 0.5 mi Private K-3 0 0
      William E Dever Elementary School 0.7 mi Public PRESCHOOL-8 4 0
      Our Saviour 1.0 mi Private PRESCHOOL-K 0 0
      Norman A Bridge Elementary School 1.3 mi Public PRESCHOOL-8 4 0
      Children In Harmony Montessori Academy 1.6 mi Private PRESCHOOL-K 0 0
      New Horizon Center For The Dd 1.7 mi Private K-12 0 0
      Josephine C Locke Elementary School 1.9 mi Public PRESCHOOL-8 3 0
      Icci Academy 2.0 mi Private PRESCHOOL-6 0 0
      Charles P Steinmetz College Preparatory High School 2.2 mi Public 9-12 1 3
      Pope Franceis Global Academy - South Campus 2.3 mi Catholic PRESCHOOL-8 0 0
      Washington D Smyser Elementary School 2.3 mi Public PRESCHOOL-8 3 0
      Little Scholars Learning Center 2.3 mi Private PRESCHOOL-K 0 0
      Ole A Thorp Elementary Scholastic Academy 2.4 mi Public K-8 4 0
      Chicago Academy High School 2.5 mi Public 9-12 2 3
      Chicago Academy Elementary School 2.5 mi Public PRESCHOOL-8 3 0
      Mary Lyon Elementary School 2.6 mi Public K-8 3 0
      St Patrick High School 2.6 mi Catholic 9-12 0 3
      St Ferdinand Parish School 2.7 mi Catholic PRESCHOOL-8 0 0
      Luther North College Prep 2.9 mi Private 9-12 0 4
      Peter A Reinberg Elementary School 2.9 mi Public PRESCHOOL-8 3 0
      Marvin Camras Elementary School 2.9 mi Public PRESCHOOL-8 2 0
      Chicago Christian Academy 3.0 mi Private PRESCHOOL-6 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 © 2016. School Performance data by School Review data by
      Local Weather for 60634 (Chicago, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.