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 May'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 11% from one year earlier, and down 8% 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 100-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 40-thousand dollars. The number of units sold increased 63% year-over-year, and decreased 13% 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: 48,950
  • Median Age: 33.17 yr
  • Median Commute Time: 32.54 mins
  • Educational Climate*: 2
  • Sales Tax: 8%
  • Population Density: 13,971/sq mi
  • Population Change Since 2000: -17.32%
  • Closest Airport: Chicago Midway International
  • Closest College: Concordia University
  • Closest Jr. College: Morton College
  • Median Household Income: $25,825
  • Annual Residential Turnover: 14.14%
  • Median Years in Residence: 2.55 yr
  • Median Home Sales Price: $45,000
  • Closest Major Sports Team: Chicago Black Hawks
  • Change Avg. Household Income Since 2000: -5%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60644 (Chicago, IL)
Median Age: 33.17 Married: 13% Number of Households: 16,870 Households with Children: 6,507
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 GreatSchools Rating Parent Rating
      Christ The King Jesuit College Preparatory School 0.4 mi Catholic 9-10 0 4
      Austin Business & Entrepreneurship High School 0.4 mi Public 9-12 0 3
      Austin Polytechnical Academy High School 0.4 mi Public 9-12 0 0
      Voise Academy High School 0.4 mi Public 9-12 0 0
      Circle/rock Preparatory School 0.4 mi Private PRESCHOOL-8 0 4
      Catalyst Circle Rock Elem School 0.4 mi Public K-8 0 4
      Chicago Jesuit Academy 0.4 mi Catholic 5-8 0 4
      Spencer Elem Math & Science Academy 0.5 mi Public PRESCHOOL-8 1 2
      Little Leaders Of Tomorrow Sit 0.5 mi Private PRESCHOOL-K 0 0
      Depriest Elementary School 0.5 mi Public PRESCHOOL-8 1 2
      Development Center 0.5 mi Private PRESCHOOL-5 0 0
      West Austin Development Center 0.5 mi Private PRESCHOOL-K 0 0
      Ellington Elem School 0.5 mi Public PRESCHOOL-8 2 3
      Michele Clark Academic Prep Magnet High Schl 0.6 mi Public 8-12 2 2
      Plato Learning Acad Elem School 0.6 mi Public K-8 2 3
      Leland Elementary School 0.6 mi Public PRESCHOOL-8 5 5
      Little Folks Cottage Kindergarten & Nursery 0.7 mi Private PRESCHOOL-K 0 0
      Douglass Academy High School 0.8 mi Public 9-12 0 0
      Howe Elementary School 0.9 mi Public PRESCHOOL-8 1 2
      Kipp Create College Preparatory School 1.0 mi Public 5-7 0 0
      Nash Elem School 1.0 mi Public PRESCHOOL-8 1 0
      Clark G R Elem School 1.1 mi Public PRESCHOOL-8 3-5 3
      Learning Network 1.2 mi Private 1-8 0 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 © 2015
      Local Weather for 60644 (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.