Real Estate Market Update for 60644 (Chicago, IL)

Video: Real Estate Community Tour for 60644 (Chicago, IL)

See Real estate community tour for 60644 (Chicago, IL)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 44% 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 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 67%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 70-thousand dollars. The number of units sold increased 33% year-over-year, and decreased 33% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 60644 (Chicago, IL)
Area Information for 60644 (Chicago, IL)
  • Population: 48,917
  • Median Age: 34.43 yr
  • Median Commute Time: 38 mins
  • Educational Climate*: 2
  • Sales Tax: 9%
  • Population Density: 13,961/sq mi
  • Population Change Since 2000: -16.64%
  • Closest Airport: Chicago Midway International
  • Closest College: Concordia University
  • Closest Jr. College: Morton College
  • Median Household Income: $28,333
  • Annual Residential Turnover: 17%
  • Median Home Sales Price: $69,500
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: -1.36%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60644 (Chicago, IL)
Median Age: 34.43 Married: 15% Number of Households: 16,604 Households with Children: 5,319
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 60644 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      New Day College Preparatory 0.3 mi Private PRESCHOOL-12 0 0
      Christ The King Jesuit College Preparatory School 0.4 mi Catholic 9-12 0 3
      Austin Polytechnical Academy High School 0.4 mi Public 9-12 1 4
      Voise Academy High School 0.4 mi Public 9-12 0 2
      Austin Bus & Entrepreneurship High School 0.4 mi Public 9-12 0 4
      Circle/rock Preparatory School 0.4 mi Private PRESCHOOL-8 0 0
      Chicago Jesuit Academy 0.4 mi Catholic 5-8 0 0
      Catalyst Circle Rock Elementary School 0.4 mi Public K-8 1 0
      Spencer Technology Academy 0.5 mi Public PRESCHOOL-8 0 0
      Little Leaders Of Tomorrow Sit 0.5 mi Private PRESCHOOL-K 0 0
      Oscar Depriest Elementary School 0.5 mi Public PRESCHOOL-8 0 0
      West Austin Development Center 0.5 mi Private PRESCHOOL-K 0 0
      Development Center 0.5 mi Private PRESCHOOL-5 0 0
      Edward K Ellington Elementary School 0.5 mi Public PRESCHOOL-8 1 0
      Moving Everest Charter School 0.6 mi Public K-1 0 0
      Clark Academy Prep Magnet High School 0.6 mi Public 9-12 0 3
      Plato Learning Academy Elementary School 0.6 mi Public K-8 0 2
      George Leland Elementary School 0.7 mi Public PRESCHOOL-8 1 0
      Chance After Chance College Preparatory 0.7 mi Private PRESCHOOL-8 0 0
      Little Folks Cottage Kindergarten & Nursery 0.7 mi Private PRESCHOOL-K 0 0
      Peaceful New Beginings Academy 0.8 mi Private PRESCHOOL-1 0 0
      Frederick A Douglass Academy High School 0.8 mi Public 9-12 0 3
      Julia Ward Howe Elementary School Of Excellence 0.9 mi Public PRESCHOOL-8 1 0
      Kipp Create College Preparatory School 1.0 mi Public 5-8 0 0
      Henry H Nash Elementary School 1.0 mi Public PRESCHOOL-8 0 0
      Freedom International School 1.0 mi Private PRESCHOOL- 0 0
      George Rogers Clark Elementary School 1.1 mi Public PRESCHOOL-8 3 0
      Learning Network 1.2 mi Private 1-8 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 SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 60644 (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.