Real Estate Market Update for 60643 (Chicago, IL)

Video: Real Estate Community Tour for 60643 (Chicago, IL)

See Real estate community tour for 60643 (Chicago, IL)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 19% from one year earlier, and up 4% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 160-thousand dollars. The number of units sold increased 33% 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 60643 (Chicago, IL)
Area Information for 60643 (Chicago, IL)
  • Population: 49,244
  • Median Age: 41.83 yr
  • Median Commute Time: 38 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 6,703/sq mi
  • Population Change Since 2000: -11.35%
  • Closest Airport: Chicago Midway International
  • Closest College: Chicago State University
  • Closest Jr. College: Olive Harvey College-city Cllgs Chicago
  • Median Household Income: $60,521
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $145,500
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 13.62%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60643 (Chicago, IL)
Median Age: 41.83 Married: 31% Number of Households: 17,760 Households with Children: 4,715
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 60643 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Shoop Math-sci Tech Elementary Academy 0.1 mi Public PRESCHOOL-8 1 0
      Morgan Park High School 0.2 mi Public 7-12 3 3
      Chicago Excel Academy High School 0.3 mi Public UNGRADE-UNGRADE 0 3
      Foundations College Prep Charter 0.4 mi Public 6-8 0 0
      Tabernacle Christian Academy 0.4 mi Private PRESCHOOL-8 0 0
      Esmond Elementary School 0.5 mi Public PRESCHOOL-8 1 0
      Harriet Jamison College Preparatory Academy 0.5 mi Private PRESCHOOL-12 0 0
      Holy Spirit Academy 0.5 mi Private PRESCHOOL-PRESCHOOL 0 0
      Whistler Elementary School 0.6 mi Public PRESCHOOL-8 2 0
      Council Oak Montessori School 0.6 mi Private PRESCHOOL-8 0 0
      Plaid Academy 0.6 mi Private PRESCHOOL-8 0 0
      Morgan Park Academy 0.8 mi Private PRESCHOOL-12 0 0
      Beacon Therapeutic School 0.8 mi Private 1-12 0 0
      Beacon Therapeutic Main (int) 0.8 mi Private - 0 0
      Beacon Therapeutic Main 0.8 mi Private - 0 0
      The Learning Place 1.0 mi Private PRESCHOOL-K 0 0
      Barnard Elementary Comp Math & Science Center 1.0 mi Public PRESCHOOL-8 1 0
      Little Hands Learning Center 1.0 mi Private PRESCHOOL-K 0 0
      Colemon J Elementary Academy 1.0 mi Public PRESCHOOL-8 2 0
      Higgins Elementary Community Academy 1.0 mi Public PRESCHOOL-8 1 0
      Mount Vernon Elementary School 1.0 mi Public PRESCHOOL-8 1 0
      Clissold Elementary School 1.0 mi Public K-8 3 3
      United Educational Cultural Academy 1.1 mi Private PRESCHOOL-8 0 0
      Julian High School 1.1 mi Public 9-12 0 3
      Beacon Therapeutic 1.1 mi Private 1-8 0 0
      Garvey m Elementary School 1.2 mi Public PRESCHOOL-8 2 0
      St Walter School 1.3 mi Catholic PRESCHOOL-8 0 0
      St Barnabas Elementary School 1.3 mi Catholic PRESCHOOL-8 0 0
      White Elementary Career Academy 1.4 mi Public K-8 1 0
      Small Stride Academy 1.5 mi Private PRESCHOOL-K 0 0
      Beverly Montessori School 1.6 mi Private PRESCHOOL-K 0 0
      All Day Montessori 1.6 mi Private PRESCHOOL-K 0 0
      Robert T Walker Leadership Int 1.6 mi Private PRESCHOOL-1 0 0
      Holman Leadership Academy 1.6 mi Private PRESCHOOL-8 0 0
      Sutherland Elementary School 1.6 mi Public K-8 3 0
      St. Margaret Of Scotland School 1.7 mi Catholic PRESCHOOL-8 0 0
      Wacker Elementary School 1.9 mi Public PRESCHOOL-8 1 0
      Excellence In Academic Achievement Academy 1.9 mi Private K-12 0 0
      Green w Elementary School 2.0 mi Public K-8 2 0
      Chicago International Charter - Loomis Primary Cam 2.0 mi Public K-2 0 0
      Prologue - Johnston Fine Arts High School 2.0 mi Public 9-12 0 0
      Vanderpoel Elementary Magnet School 2.0 mi Public K-8 2 0
      Chicago International Charter - Longwood 2.1 mi Public 3-12 0 0
      Mind Shapers Christian Academy 2.1 mi Private PRESCHOOL-6 0 0
      Christ The King Elementary School 2.5 mi Catholic PRESCHOOL-8 0 0
      Kellogg Elementary School 2.5 mi Public K-8 3 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 SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 60643 (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.