Real Estate Market Update for 60653 (Chicago, IL)

Video: Real Estate Community Tour for 60653 (Chicago, IL)

See Real estate community tour for 60653 (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 April. The number of active listings was down 44% from one year earlier, and down 30% 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 over 230-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 14%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 240-thousand dollars. The number of units sold decreased 11% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. 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 60653 (Chicago, IL)
Area Information for 60653 (Chicago, IL)
  • Population: 32,997
  • Median Age: 36.44 yr
  • Median Commute Time: 37 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 14,142/sq mi
  • Population Change Since 2000: -2.11%
  • Closest Airport: Chicago Midway International
  • Closest College: Illinois College Of Optometry
  • Closest Jr. College: Kennedy King Clg-city Clgs Of Chicago
  • Median Household Income: $31,622
  • Annual Residential Turnover: 18%
  • Median Home Sales Price: $123,750
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 93.83%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60653 (Chicago, IL)
Median Age: 36.44 Married: 15% Number of Households: 14,908 Households with Children: 4,229
    • 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 60653 (Chicago, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Fuller Elementary School 0.1 mi Public PRESCHOOL-8 0 0
      Holy Angels Catholic School 0.2 mi Catholic PRESCHOOL-8 0 0
      Woodson South Elementary School 0.3 mi Public PRESCHOOL-8 0 0
      University Of Chicago Woodson 0.4 mi Public 6-8 0 0
      Mollison Elementary School 0.5 mi Public PRESCHOOL-8 0 0
      King College Prep High School 0.5 mi Public 9-12 3 4
      Robinson Elementary School 0.6 mi Public PRESCHOOL-3 0 0
      University Of Chicago Donoghue 0.6 mi Public PRESCHOOL-5 0 0
      Wells Preparatory Elementary Academy 0.6 mi Public PRESCHOOL-8 1 0
      Phillips Academy High School 0.6 mi Public 9-12 0 4
      Christ The King Lutheran School 0.7 mi Private PRESCHOOL-6 0 0
      St Elizabeth 0.8 mi Catholic PRESCHOOL-8 0 0
      Cambridge School Of Chicago 0.8 mi Private PRESCHOOL-8 0 0
      Ariel Elementary Community Academy 0.8 mi Public PRESCHOOL-8 2 0
      Univ Of Chicago Charter Schools 0.8 mi Public PRESCHOOL-5 1 0
      Little Black Pearl Arts Academy High School 0.8 mi Public 9-12 0 4
      Chicago Military Academy High School 0.9 mi Public 9-12 0 3
      Perspectives/iit 1.0 mi Public 6-12 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 © 2015. School Performance data by School Review data by
      Local Weather for 60653 (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.