Real Estate Market Update for 60647 (Chicago, IL)
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 49% from one year earlier and down 12% 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 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 350-thousand dollars. The number of units sold Decreased 7% year-over-year and Decreased 37% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales 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 60647 (Chicago, IL)
Area Information for 60647 (Chicago, IL)
  • Community Character: Moderate Residential Turnover
  • Population: 84,528
  • Median Age: 35.59 yr
  • Median Commute Time: 31.08 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 112
  • Sales Tax: 5%
  • Population Density: 22,163/sq mi
  • Population Change Since 2000: -13%
  • Closest Airport: Chicago Midway International
  • Closest College: Devry University
  • Closest Jr. College: College Of Office Technology
  • Median Household Income: $48,920
  • Annual Residential Turnover: 20.36%
  • Median Years in Residence: 2.19 yr
  • Median Home Sales Price: $294,000
  • Closest Major Sports Team: Chicago Cubs
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 60647 (Chicago, IL)
Median Age: 35.59 Married: 30% Number of Households: 33,435 Households with Children: 10,300
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 60647 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St. Sylvester School 0.1 mi Private PRESCHOOL-8 0 4
      Salem Christian School 0.2 mi Private PRESCHOOL-8 0 3
      Darwin Elementary School 0.2 mi Public PRESCHOOL-8 1 4
      Humboldt Community Christian School 0.4 mi Private PRESCHOOL-8 0 3
      Chicago International Academy 0.4 mi Private PRESCHOOL-12 0 5
      Chase Elementary School 0.4 mi Public PRESCHOOL-8 2 4
      Yates Elementary School 0.4 mi Public PRESCHOOL-8 1 4
      Goethe Elementary School 0.5 mi Public PRESCHOOL-8 3 4
      Moos Elementary School 0.6 mi Public PRESCHOOL-8 1 3
      Brentano Elementary Math & Science Academy 0.7 mi Public PRESCHOOL-8 1 3
      La Progresiva Preschool 0.7 mi Private PRESCHOOL-K 0 0
      St John Berchmans School 0.8 mi Catholic PRESCHOOL-8 0 0
      St. John Berchmans School 0.8 mi Private PRESCHOOL-8 0 4
      Funston Elementary School 0.8 mi Public PRESCHOOL-8 1 4
      Stowe Elementary School 0.8 mi Public PRESCHOOL-8 1 4
      Lutheran Unity School 1.0 mi Private PRESCHOOL-8 0 0
      Pulaski International School Of Chicago 1.0 mi Public PRESCHOOL-8 3 4
      Our Lady Of Grace School 1.0 mi Private PRESCHOOL-8 0 4
      Mozart Elementary School 1.0 mi Public PRESCHOOL-7 1 4
      Monroe Elementary School 1.1 mi Public PRESCHOOL-8 1 4
      Chicago International Charter - Bucktown 1.1 mi Public K-8 0 0
      Ames Middle School 1.1 mi Public 7-8 1 3
      Mcauliffe Elementary School 1.2 mi Public PRESCHOOL-6 1 3
      Salem Christian School 6,107.1 mi Private PRESCHOOL-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: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 60647 (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.