Real Estate Market Update for Blue Island, IL
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Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 16% from one year earlier and up 1% from the previous month This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month... was just under 90-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 25% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. Meanwhile, The median sale price was just under 60-thousand dollars. Overall, The number of units sold Decreased 25% year-over-year and Decreased 18% 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 Blue Island, IL
Area Information for Blue Island, IL
  • Population: 23,778
  • Median Age: 34.02 yr
  • Median Commute Time: 26.84 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 118
  • Sales Tax: 5%
  • Population Density: 5,735/sq mi
  • Population Change Since 2000: -2%
  • Closest Airport: Chicago Midway International
  • Closest College: Saint Xavier University
  • Closest Jr. College: South Suburban College
  • Median Household Income: $44,538
  • Annual Residential Turnover: 16.15%
  • Median Years in Residence: 2.73 yr
  • Median Home Sales Price: $57,000
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 23%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for Blue Island, IL
Median Age: 34.02 Married: 33% Number of Households: 8,111 Households with Children: 3,343
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 Blue Island, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Calumet Elementary School 0.4 mi Public 5 - 8 1 3
      Burr Oak Elementary School 0.9 mi Public K - 5 1 3
      Burr Oak Academy 1.0 mi Public K - 3 0 4
      Lincoln Elementary School 1.1 mi Public K - 3 2 4
      General George Patton Elementary School 1.2 mi Public K - 8 0 0
      St Benedict School 1.3 mi Catholic K - 8 0 3
      Washington Elementary School 1.5 mi Public K - 6 1 2
      Washington Junior High School 1.5 mi Public 7 - 9 0 3
      Paul Revere Primary School 1.6 mi Public K - 3 1 3
      Whittier School 1.6 mi Public 4 - 6 1 3
      Salem Lutheran School 1.6 mi Private K - 8 0 0
      E F Kerr Middle School 1.7 mi Public 5 - 8 2 3
      Paul Revere Intermediate School 1.7 mi Public 4 - 6 2 4
      Early Childhood Center 1.7 mi Public PRESCHOOL/KINDERGARTEN 0 0
      Riverdale School 1.7 mi Public K - 5 1 4
      Park School 1.8 mi Public K - 6 1 1
      Veterans Memorial Middle School 1.9 mi Public 5 - 8 2 4
      Promise Christian Academy 1.9 mi Private K - 8 0 4
      Horace Mann School 2.0 mi Public PRESCHOOL/KINDERGARTEN 0 0
      Greenwood School 2.0 mi Public PRESCHOOL/KINDERGARTEN 0 0
      Eisenhower Campus High School 2.2 mi Public 9 - 12 1 3
      Aldridge Elementary School 2.4 mi Public K - 8 1 3
      Chicago Int'l Cs - Lloyd Bond 2.5 mi Public K - 6 0 0
      Chicago Int'l Cs - Larry Hawkins 2.6 mi Public 7 - 12 0 0
      Carver Elementary School 2.6 mi Public K - 8 0 5
      Carver Military Academy 3.6 mi Public 9 - 12 1 3
      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 © 2010
      Local Weather for Blue Island, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 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.