Real Estate Market Update for 60647 (Chicago, IL)

Video: Real Estate Community Tour for 60647 (Chicago, IL)

See Real estate community tour for 60647 (Chicago, IL)
Welcome to June'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 30% from one year earlier, and down 5% 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 530-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 20%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 420-thousand dollars. The number of units sold increased 37% year-over-year, and increased 65% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 60647 (Chicago, IL)
Area Information for 60647 (Chicago, IL)
  • Population: 93,346
  • Median Age: 33.54 yr
  • Median Commute Time: 33 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 23,065/sq mi
  • Population Change Since 2000: -6.53%
  • Closest Airport: Chicago Midway International
  • Closest College: Devry University-chicago
  • Closest Jr. College: The College Of Office Technology
  • Median Household Income: $56,526
  • Annual Residential Turnover: 17%
  • Median Home Sales Price: $380,000
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: 63.73%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60647 (Chicago, IL)
Median Age: 33.54 Married: 27% Number of Households: 36,637 Households with Children: 9,846
    • 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 School Rating Parent Rating
      St Sylvester School 0.1 mi Catholic PRESCHOOL-8 0 0
      Salem Christian School 0.2 mi Private PRESCHOOL-8 0 0
      Charles R Darwin Elementary School 0.3 mi Public PRESCHOOL-8 2 0
      Richard Yates Elementary School 0.4 mi Public K-8 2 0
      Humboldt Community Christian School 0.4 mi Private PRESCHOOL-8 0 0
      Salmon P Chase Elementary School 0.4 mi Public PRESCHOOL-8 2 0
      Johann W Von Goethe Elementary School 0.5 mi Public PRESCHOOL-8 3 0
      Lutheran Day Nursery 0.6 mi Private PRESCHOOL-K 0 0
      Bernhard Moos Elementary School 0.6 mi Public PRESCHOOL-8 1 0
      Aspira Charter Mirta Ramirez Computer Science 0.6 mi Public 12-12 0 0
      Lorenz Brentano Math & Science Academy Es 0.7 mi Public PRESCHOOL-8 2 0
      St John Berchmans School 0.8 mi Catholic PRESCHOOL-8 0 0
      Frederick Funston Elementary School 0.8 mi Public K-8 1 0
      Harriet Beecher Stowe Elementary School 0.8 mi Public PRESCHOOL-8 0 0
      Pulaski International School Of Chicago 1.0 mi Public PRESCHOOL-8 4 0
      Lutheran Unity School 1.0 mi Private PRESCHOOL-8 0 0
      Our Lady Of Grace School 1.0 mi Catholic PRESCHOOL-8 0 0
      Wolfgang A Mozart Elementary School 1.0 mi Public PRESCHOOL-8 2 0
      Marine Leadership Academy At Ames 1.1 mi Public 7-12 0 0
      James Monroe Elementary School 1.1 mi Public PRESCHOOL-8 2 0
      Chicago International Charter 1.1 mi Public K-8 2 0
      Chicago International Charter - Bucktown 1.1 mi Public K-8 0 0
      Sharon Christa Mcauliffe Elementary School 1.2 mi Public PRESCHOOL-8 1 0
      Little Achievers Learning Center 1.3 mi Public PRESCHOOL-PRESCHOOL 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 School Review data by
      Local Weather for 60647 (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.