Real Estate Market Update for Arlington Heights, IL

Video: Real Estate Community Tour for Arlington Heights, IL

See Real estate community tour for Arlington Heights, IL
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 8% 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 380-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 4%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 330-thousand dollars. The number of units sold decreased 23% year-over-year, and decreased 25% 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: 75,849
  • Median Age: 43.59 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 4
  • Sales Tax: 10%
  • Population Density: 4,565/sq mi
  • Population Change Since 2000: -.39%
  • Closest Airport: Chicago O'hare International
  • Closest College: Christian Life College
  • Closest Jr. College: Worsham College-mortuary Science
  • Median Household Income: $79,185
  • Annual Residential Turnover: 8%
  • Median Home Sales Price: $295,000
  • Closest Major Sports Team: Chicago Sky
  • Change Avg. Household Income Since 2000: 24.02%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Arlington Heights, IL
Median Age: 43.59 Married: 49% Number of Households: 31,152 Households with Children: 9,201
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 School Rating Parent Rating
      Christian Liberty Academy 0.2 mi Private PRESCHOOL-12 0 0
      St. James Junior High School 0.2 mi Catholic PRESCHOOL-8 0 0
      St James School 0.3 mi Catholic PRESCHOOL-8 0 0
      Northwest Suburban Montessori School 0.4 mi Private PRESCHOOL-K 0 0
      St Peter Lutheran School 0.6 mi Private PRESCHOOL-8 0 0
      Olive-mary Stitt School 0.7 mi Public K-5 5 0
      A Mother's Touch Creative Learning Center 0.8 mi Private PRESCHOOL-K 0 0
      Miner School 0.9 mi Public UNGRADE-UNGRADE 0 0
      St Viator High School 0.9 mi Catholic 9-12 0 4
      Thomas Middle School 0.9 mi Public 6-8 5 5
      Our Lady Of The Wayside School 0.9 mi Catholic PRESCHOOL-8 0 0
      South Middle School 0.9 mi Public 6-8 5 4
      Windsor Elementary School 1.0 mi Public K-5 5 0
      Westgate Elementary School 1.3 mi Public PRESCHOOL-5 5 0
      Patton Elementary School 1.3 mi Public K-5 5 0
      Dryden Elementary School 1.5 mi Public K-5 5 0
      Montessori Learning Center Inc 1.5 mi Private PRESCHOOL- 0 0
      Flower Garden Nursery School & Daycare Center 1.6 mi Private PRESCHOOL-K 0 0
      Deaf/hard Of Hearing (dist 214) 1.6 mi Public 12-12 0 0
      John Hersey High School 1.6 mi Public 9-12 5 4
      Timber Ridge School 1.8 mi Public K-8 0 0
      Ivy Hill Elementary School 1.9 mi Public K-5 5 0
      Greenbrier Elementary School 2.1 mi Public PRESCHOOL-5 5 0
      Chicago Futabakai Japanese School 2.2 mi Private K-9 0 0
      Juliette Low Elementary School 2.4 mi Public PRESCHOOL-5 3 0
      Edgar A Poe Elementary School 2.5 mi Public PRESCHOOL-5 3 0
      J W Riley Elementary School 2.8 mi Public PRESCHOOL-5 4 0
      James Whitcomb Riley School 2.8 mi Public K-5 0 0
      Arlington Montessori School 3.0 mi Private PRESCHOOL-K 0 0
      Northwest Educational Council For Student Success 3.0 mi Public 9-12 0 0
      The Academy At Forest View Alternative School 3.0 mi Public 9-12 0 0
      Newcomer Center 3.0 mi Public 9-11 0 0
      Vanguard School 3.0 mi Public UNGRADE-UNGRADE 0 0
      Bright Horizons At Motorola 3.3 mi Private K-K 0 0
      Metropolitan Preparatory Schools 5.1 mi Private K-12 0 0
      Laureate Day School 5.1 mi Private K-8 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 SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Arlington Heights, 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.