Real Estate Market Update for 60645 (Chicago, IL)
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Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 23% 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 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 5%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 210-thousand dollars. The number of units sold decreased 33% year-over-year, and decreased 2% 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.
Map Information for 60645 (Chicago, IL)
Area Information for 60645 (Chicago, IL)
  • Population: 44,087
  • Median Age: 34.97 yr
  • Median Commute Time: 30.46 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 19,529/sq mi
  • Population Change Since 2000: 1%
  • Closest Airport: Chicago O'hare International
  • Closest College: Knowledge Systems Institute
  • Closest Jr. College: Harry S Truman Clg-city Clgs Of Chicago
  • Median Household Income: $47,507
  • Annual Residential Turnover: 14.57%
  • Median Years in Residence: 2.78 yr
  • Median Home Sales Price: $80,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 15%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60645 (Chicago, IL)
Median Age: 34.97 Married: 30% Number of Households: 15,767 Households with Children: 5,723
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 60645 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      West Ridge Elementary School 0.1 mi Public K-8 1 4
      Jewish Childrens Bureau School 0.2 mi Private 2-12 0 0
      Jewish Child And Family Services 0.2 mi Private K-12 0 0
      Keshet High School 0.2 mi Private 9-12 0 0
      Ida Crown Jewish Academy 0.2 mi Private 9-12 0 4
      Keshet High School Intensive 0.2 mi Private 9-12 0 0
      Jewish Bureau Cummings 0.3 mi Private - 0 0
      Keshet 0.3 mi Private - 0 0
      Decatur Classical Elementary School 0.4 mi Public K-6 5 5
      Abc Academy 0.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Boone Elementary School 0.4 mi Public PRESCHOOL-8 2 3
      Jewish Bureau Talman 0.5 mi Private - 0 0
      Gan Ketan Montessori Preschool 0.6 mi Private PRESCHOOL-PRESCHOOL 0 0
      Torah Montessori School 0.6 mi Private - 0 0
      Bethesda Lutheran School 0.7 mi Private PRESCHOOL-8 0 4
      Yeshiva Shearis Yisroel 0.8 mi Private PRESCHOOL-8 0 4
      Hajirah Education Program 0.8 mi Private K-12 0 0
      Chedar Lubavitch Hebrew Day School 0.8 mi Private 1-8 0 0
      Rogers Elementary School 0.9 mi Public PRESCHOOL-8 3 4
      St Margaret Mary Elementary School 1.1 mi Catholic PRESCHOOL-8 0 5
      Armstrong G Elementary Intl Studies 1.2 mi Public PRESCHOOL-8 2-5 3
      Thresholds Dianes House 1.3 mi Private - 0 0
      St Scholastica Academy 1.4 mi Catholic 9-12 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 © 2014
      Local Weather for 60645 (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.