Real Estate Market Update for 60645 (Chicago, IL)

Video: Real Estate Community Tour for 60645 (Chicago, IL)

See Real estate community tour for 60645 (Chicago, IL)
Welcome to September'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 22% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 200-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 39%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 180-thousand dollars. The number of units sold increased 7% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. 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.
Show Transcript
Map Information for 60645 (Chicago, IL)
Area Information for 60645 (Chicago, IL)
  • Population: 46,811
  • Median Age: 36.6 yr
  • Median Commute Time: 32 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 20,735/sq mi
  • Population Change Since 2000: 3.88%
  • 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: $51,650
  • Annual Residential Turnover: 10%
  • Median Home Sales Price: $156,250
  • Closest Major Sports Team: Chicago Cubs
  • Change Avg. Household Income Since 2000: 39.4%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60645 (Chicago, IL)
Median Age: 36.6 Married: 37% Number of Households: 16,472 Households with Children: 5,604
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 School Rating Parent Rating
      West Ridge Elementary School 0.1 mi Public PRESCHOOL-8 4 0
      Jewish Child And Family Services 0.2 mi Private K-12 0 0
      Jewish Childrens Bureau School 0.2 mi Private 1-12 0 0
      Keshet High School Intensive 0.2 mi Private UNGRADE-UNGRADE 0 0
      Keshet High School 0.2 mi Private 9-12 0 0
      Jewish Bureau Cummings 0.3 mi Private - 0 0
      Keshet 0.3 mi Private PRESCHOOL-12 0 0
      Stephen Decatur Classical Elementary School 0.4 mi Public K-6 5 0
      Abc Academy 0.4 mi Private PRESCHOOL-K 0 0
      Lubavitch Mesivta Of Chicago 0.4 mi Private 9-12 0 0
      Daniel Boone Elementary School 0.4 mi Public PRESCHOOL-8 3 0
      Jewish Bureau Talman 0.5 mi Private - 0 0
      Yeshiva Netzach Eliyahu 0.6 mi Private 9-12 0 0
      Bethesda Lutheran School 0.7 mi Private PRESCHOOL-8 0 0
      Yeshiva Shearis Yisroel 0.7 mi Private PRESCHOOL-8 0 0
      Hajirah Education Program 0.8 mi Private K-12 0 0
      Gods Battle Axe Prayer Academy 0.8 mi Private PRESCHOOL-12 0 0
      Chedar Lubavitch Hebrew Day School 0.8 mi Private 1-8 0 0
      Philip Rogers Elementary School 0.9 mi Public PRESCHOOL-8 4 0
      George Armstrong International Studies Es 1.2 mi Public PRESCHOOL-8 3 0
      St Margaret Mary Elementary School 1.2 mi Catholic PRESCHOOL-8 0 0
      Thresholds Dianes House 1.3 mi Private - 0 0
      Uno Rogers Park High School 1.4 mi Public K-10 0 0
      Uno Rogers Park Charter School 1.4 mi Public K-12 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 60645 (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.