Real Estate Market Update for 60638 (Chicago, IL)

Video: Real Estate Community Tour for 60638 (Chicago, IL)

See Real estate community tour for 60638 (Chicago, IL)
Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 21% from one year earlier, and down 9% 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 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 74%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 170-thousand dollars. The number of units sold increased 23% year-over-year, and increased 34% 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.
Show Transcript
Map Information for 60638 (Chicago, IL)
Area Information for 60638 (Chicago, IL)
  • Population: 55,228
  • Median Age: 36.97 yr
  • Median Commute Time: 31.26 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 4,975/sq mi
  • Population Change Since 2000: -1.01%
  • Closest Airport: Chicago Midway International
  • Closest College: Saint Xavier University
  • Closest Jr. College: Fox College
  • Median Household Income: $59,951
  • Annual Residential Turnover: 10.67%
  • Median Years in Residence: 4.64 yr
  • Median Home Sales Price: $130,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 33%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60638 (Chicago, IL)
Median Age: 36.97 Married: 33% Number of Households: 20,098 Households with Children: 7,069
    • 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 60638 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Kinzie Elementary School 0.5 mi Public PRESCHOOL-8 3 3
      Kid's Colony 0.5 mi Private K-K 0 0
      Kennedy High School 0.5 mi Public 9-12 1 3
      St Symphorosa Elementary School 0.6 mi Catholic PRESCHOOL-8 0 4
      Gloria Dei Lutheran School 0.6 mi Private PRESCHOOL-8 0 4
      St Jane De Chantal School 0.6 mi Catholic PRESCHOOL-8 0 4
      Hale Elementary School 0.7 mi Public PRESCHOOL-8 3 3
      Little Learners Preschool 0.7 mi Private PRESCHOOL-K 0 0
      Tots N Tales Preschool 0.8 mi Private PRESCHOOL-2 0 0
      Twain Elementary School 0.9 mi Public PRESCHOOL-8 3-5 4
      St Daniel The Prophet School 1.0 mi Catholic PRESCHOOL-8 0 4
      Dore Elementary School 1.1 mi Public PRESCHOOL-8 3-5 4
      Charles J Sahs Elementary School 1.1 mi Public PRESCHOOL-8 3 4
      Grimes Elementary School 1.1 mi Public 6-8 3 5
      Byrne Elementary School 1.2 mi Public K-8 3 3
      Blair Early Childhood Center 1.3 mi Public PRESCHOOL-1 0 3
      Our Lady Of The Snows School 1.5 mi Catholic PRESCHOOL-8 0 4
      St Rene Goupil Elementary School 1.5 mi Catholic PRESCHOOL-8 0 4
      Hearst Elementary School 1.8 mi Public PRESCHOOL-8 0 2
      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: and Onboard Informatics © 2015
      Local Weather for 60638 (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.