Real Estate Market Update for 60643 (Chicago, IL)
Welcome to November's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 10% from one year earlier, and down 5% 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 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 24%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold decreased 27% year-over-year, and decreased 30% 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 60643 (Chicago, IL)
Area Information for 60643 (Chicago, IL)
  • Population: 49,991
  • Median Age: 40.8 yr
  • Median Commute Time: 34.51 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 6,805/sq mi
  • Population Change Since 2000: -10.43%
  • Closest Airport: Chicago Midway International
  • Closest College: Saint Xavier University
  • Closest Jr. College: Olive Harvey College-city Cllgs Chicago
  • Median Household Income: $57,586
  • Annual Residential Turnover: 9.75%
  • Median Years in Residence: 4.5 yr
  • Median Home Sales Price: $120,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 9%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60643 (Chicago, IL)
Median Age: 40.8 Married: 27% Number of Households: 18,263 Households with Children: 6,293
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 GreatSchools Rating Parent Rating
      Shoop Math-sci Tech Elementary Academy 0.1 mi Public PRESCHOOL-8 1 4
      Morgan Park High School 0.4 mi Public 7-12 3-5 3
      Esmond Elementary School 0.4 mi Public PRESCHOOL-8 1 3
      Tabernacle Christian Academy 0.4 mi Private PRESCHOOL-8 0 3
      Holy Spirit Academy 0.5 mi Private PRESCHOOL-PRESCHOOL 0 0
      Whistler Elementary School 0.6 mi Public PRESCHOOL-8 1 4
      Council Oak Montessori School 0.6 mi Private PRESCHOOL-8 0 5
      Morgan Park Academy 0.8 mi Private PRESCHOOL-12 0 4
      Beacon Therapeutic Main (int) 0.8 mi Private - 0 0
      Beacon Therapeutic Main 0.8 mi Private - 0 0
      Beacon Therapeutic School 0.8 mi Private 1-12 0 0
      The Learning Place 1.0 mi Private PRESCHOOL-K 0 0
      Little Hands Learning Center 1.0 mi Private PRESCHOOL-K 0 0
      Barnard Elementary Comp Math & Science Center 1.0 mi Public PRESCHOOL-8 2 3
      Colemon J Elementary Academy 1.0 mi Public PRESCHOOL-8 2-5 5
      Mount Vernon Elementary School 1.0 mi Public PRESCHOOL-8 1 2
      Higgins Elementary Community Academy 1.0 mi Public PRESCHOOL-8 3-5 0
      Clissold Elementary School 1.0 mi Public K-8 3-5 4
      Julian High School 1.1 mi Public 9-12 0 3
      United Educational Cultural Academy 1.1 mi Private PRESCHOOL-8 0 5
      Beacon Therapeutic 1.1 mi Private 1-8 0 0
      Garvey m Elementary School 1.2 mi Public PRESCHOOL-8 2 4
      St Walter School 1.3 mi Catholic PRESCHOOL-8 0 4
      St Barnabas Elementary School 1.3 mi Catholic PRESCHOOL-8 0 5
      White Elementary Career Academy 1.4 mi Public K-8 1 2
      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 - 0 0
      Sutherland Elementary School 1.6 mi Public K-8 3 4
      Humpty Dumpty 1.6 mi Private PRESCHOOL-K 0 0
      St. Margaret Of Scotland School 1.6 mi Catholic PRESCHOOL-8 0 3
      Wacker Elementary School 1.9 mi Public PRESCHOOL-8 2 2
      Green w Elementary School 2.0 mi Public K-8 2-5 3
      Chicago International Charter - Loomis Primary Campus 2.0 mi Public K-2 0 0
      Vanderpoel Elementary Magnet School 2.0 mi Public K-8 4 4
      Chicago International Charter Longwood 2.1 mi Public 3-12 0 0
      Nico's Playhouse 2.1 mi Private PRESCHOOL-K 0 0
      The Kids Place 2.1 mi Private PRESCHOOL-K 0 0
      Christ The King Elementary School 2.5 mi Catholic PRESCHOOL-8 0 5
      Kellogg Elementary School 2.5 mi Public K-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 60643 (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.