Real Estate Market Update for Arlington Heights, IL
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 24% from one year earlier, and down 6% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 360-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 25%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 290-thousand dollars. The number of units sold decreased 27% year-over-year, and decreased 8% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better 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.
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Map Information for Arlington Heights, IL
Area Information for Arlington Heights, IL
  • Population: 75,358
  • Median Age: 41.96 yr
  • Median Commute Time: 23.73 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 4,537/sq mi
  • Population Change Since 2000: -1.6%
  • Closest Airport: Chicago O'hare International
  • Closest College: Christian Life College
  • Closest Jr. College: Worsham College-mortuary Science
  • Median Household Income: $77,898
  • Annual Residential Turnover: 14.72%
  • Median Years in Residence: 4.26 yr
  • Median Home Sales Price: $225,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 16%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Arlington Heights, IL
Median Age: 41.96 Married: 43% Number of Households: 31,207 Households with Children: 9,594
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 Arlington Heights, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St. James Junior High School 0.2 mi Catholic PRESCHOOL-8 0 0
      St James School 0.3 mi Catholic PRESCHOOL-8 0 4
      Northwest Suburban Montessori School 0.4 mi Private PRESCHOOL-K 0 0
      St Peter Lutheran School 0.6 mi Private PRESCHOOL-8 0 4
      Olive-mary Stitt School 0.7 mi Public K-5 4-5 5
      A Mother's Touch Creative Learning Center 0.8 mi Private PRESCHOOL-K 0 0
      Miner School 0.9 mi Public UNGRADE-UNGRADE 0 5
      South Middle School 0.9 mi Public 6-8 4-5 4
      St Viator High School 0.9 mi Catholic 9-12 0 4
      Our Lady Of The Wayside School 0.9 mi Catholic PRESCHOOL-8 0 4
      Thomas Middle School 1.0 mi Public 6-8 5 5
      Windsor Elementary School 1.0 mi Public K-5 4-5 4
      Westgate Elementary School 1.2 mi Public PRESCHOOL-5 4-5 5
      Patton Elementary School 1.3 mi Public K-5 5 5
      John Hersey High School 1.4 mi Public 9-12 5 4
      Dryden Elementary School 1.5 mi Public K-5 4-5 5
      Flower Garden Nursery School & Daycare Center 1.6 mi Private PRESCHOOL-K 0 0
      Timber Ridge School 1.8 mi Public K-8 0 4
      Ivy Hill Elementary School 1.9 mi Public K-5 4-5 5
      Greenbrier Elementary School 2.1 mi Public PRESCHOOL-5 5 5
      Chicago Futabakai Japanese School 2.2 mi Private K-9 0 0
      Juliette Low Elementary School 2.4 mi Public PRESCHOOL-5 3 4
      Edgar A Poe Elementary School 2.5 mi Public PRESCHOOL-5 2-5 4
      J W Riley Elementary School 2.8 mi Public PRESCHOOL-5 4-5 5
      James Whitcomb Riley School 2.8 mi Public K-5 0 5
      Arlington Montessori School 3.0 mi Private PRESCHOOL-K 0 0
      Forest View Alternative School 3.0 mi Public 9-12 0 1
      Nw Suburban Etc Regional Pgms 3.0 mi Public 9-12 0 0
      Newcomer Center 3.0 mi Public 9-11 0 0
      N W Suburban Academy 3.0 mi Public 9-12 0 0
      Vanguard School 3.0 mi Public 10-12 0 5
      Bright Horizons At Motorola 3.3 mi Private PRESCHOOL-K 0 0
      Laureate Day School 5.1 mi Private 2-8 0 0
      Metropolitan Preparatory Schools 5.1 mi Private K-12 0 1
      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 Arlington Heights, 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.