Real Estate Market Update for 60657 (Chicago, IL)

Video: Real Estate Community Tour for 60657 (Chicago, IL)

See Real estate community tour for 60657 (Chicago, IL)
Welcome to January's Market Update. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 29% 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 410-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 11%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 390-thousand dollars. The number of units sold decreased 1% year-over-year, and increased 14% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 60657 (Chicago, IL)
Area Information for 60657 (Chicago, IL)
  • Population: 66,967
  • Median Age: 33.38 yr
  • Median Commute Time: 32 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 29,455/sq mi
  • Population Change Since 2000: 3.98%
  • Closest Airport: Chicago Midway International
  • Closest College: Saint Augustine College
  • Closest Jr. College: Harry S Truman Clg-city Clgs Of Chicago
  • Median Household Income: $78,651
  • Annual Residential Turnover: 28%
  • Median Home Sales Price: $404,500
  • Closest Major Sports Team: Chicago Cubs
  • Change Avg. Household Income Since 2000: 41.54%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60657 (Chicago, IL)
Median Age: 33.38 Married: 25% Number of Households: 38,333 Households with Children: 3,956
    • 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 60657 (Chicago, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Hawthorne Elementary Scholastic Academy 0.1 mi Public K-8 5 5
      Kc's Academy Of Early Childhood Education 0.2 mi Private PRESCHOOL-K 0 0
      Agassiz Elementary School 0.4 mi Public PRESCHOOL-8 4-5 4
      Our Lady Of Mount Carmel Academy 0.5 mi Catholic PRESCHOOL-8 0 5
      Alphonsus Academy & Center For The Arts 0.5 mi Catholic PRESCHOOL-8 0 5
      St Luke Academy 0.5 mi Private PRESCHOOL-8 0 4
      Nettelhorst Elementary School 0.6 mi Public PRESCHOOL-8 4-5 4
      Burley Elementary School 0.7 mi Public PRESCHOOL-8 5 5
      Hamilton Elementary School 0.8 mi Public PRESCHOOL-8 3-5 4
      Chicago City Day School 0.8 mi Private K-8 0 3
      Jahn Elementary School 1.0 mi Public PRESCHOOL-8 1 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: and Onboard Informatics © 2015
      Local Weather for 60657 (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.