Real Estate Market Update for 60914 (Bourbonnais, 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 12% from one year earlier and down 7% 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 200-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 1% This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 140-thousand dollars. The number of units sold Decreased 15% year-over-year and Decreased 62% 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 60914 (Bourbonnais, IL)
Area Information for 60914 (Bourbonnais, IL)
  • Community Character: Stable Population, Low Residential Turnover
  • Population: 28,288
  • Median Age: 35.73 yr
  • Median Commute Time: 13.82 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 104
  • Sales Tax: 5%
  • Population Density: 616/sq mi
  • Population Change Since 2000: 27%
  • Closest Airport: Gary/chicago International
  • Closest College: Olivet Nazarene University
  • Closest Jr. College: Kankakee Community College
  • Median Household Income: $64,708
  • Annual Residential Turnover: 14.75%
  • Median Years in Residence: 3.67 yr
  • Median Home Sales Price: $152,500
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 35%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 60914 (Bourbonnais, IL)
Median Age: 35.73 Married: 45% Number of Households: 9,767 Households with Children: 3,550
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 60914 (Bourbonnais, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St. George Elementary School 0.9 mi Public PRESCHOOL-8 3 3
      Kankakee Valley Montessori School 1.0 mi Private PRESCHOOL-3 0 0
      Noel Levasseur Elementary School 1.0 mi Public 1-4 3-5 4
      Liberty Intermediate School 1.1 mi Public 5-6 3-5 3
      Bourbonnais Upper Grade Center 1.1 mi Public 7-8 2-5 4
      St. Pauls Lutheran School 1.2 mi Private PRESCHOOL-8 0 3
      Kankakee Area Career Center 1.2 mi Public 11-12 0 0
      Alan B Shepard Elementary School 1.5 mi Public K-4 3 3
      Shabbona Elementary School 1.5 mi Public 1-4 3 3
      Maternity B V M 1.7 mi Private PRESCHOOL-8 0 5
      Robert Frost Elem School 2.0 mi Public PRESCHOOL-K 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 60914 (Bourbonnais, 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.