Real Estate Market Update for Chicago Heights, IL

Video: Real Estate Community Tour for Chicago Heights, IL

See Real estate community tour for Chicago Heights, IL
Welcome to July'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 21% 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 80-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 125%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 50-thousand dollars. The number of units sold increased 39% year-over-year, and increased 28% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
Show Transcript
Map Information for Chicago Heights, IL
Area Information for Chicago Heights, IL
  • Population: 30,367
  • Median Age: 31.41 yr
  • Median Commute Time: 18.81 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 3,014/sq mi
  • Population Change Since 2000: -7.07%
  • Closest Airport: Chicago Midway International
  • Closest College: Governors State University
  • Closest Jr. College: Prairie State College
  • Median Household Income: $39,143
  • Annual Residential Turnover: 11.91%
  • Median Years in Residence: 3.89 yr
  • Median Home Sales Price: $63,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 3%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Chicago Heights, IL
Median Age: 31.41 Married: 23% Number of Households: 9,771 Households with Children: 4,441
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 Chicago Heights, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Cottage Grove Upper Grade Center 0.8 mi Public 5-8 1 3
      Higher Heights Christian Academy 0.8 mi Private PRESCHOOL-4 0 0
      Lincoln Elementary School 0.9 mi Public K-8 1 3
      Jefferson Elementary School 1.1 mi Public K-8 1 3
      La Branche's Childcare Center 1.1 mi Private PRESCHOOL-K 0 0
      Medgar Evers Primary Academic Center 1.2 mi Public PRESCHOOL-4 3 2
      Garfield Elementary School 1.3 mi Public K-8 1 3
      St Agnes School 1.5 mi Catholic PRESCHOOL-8 0 4
      Washington-mckinley Elementary School 1.6 mi Public K-8 1 4
      Dist 206 Alternative High School 1.8 mi Public 9-12 0 0
      Bloom High School 1.8 mi Public 9-12 0 2
      U S Grant Elementary School 1.9 mi Public K-8 1 3
      Bloom Trail High School 1.9 mi Public 9-12 1 2
      Career Preparation Network 1.9 mi Public UNGRADE-UNGRADE 0 0
      Cornerstone Christian School 1.9 mi Private PRESCHOOL-8 0 0
      Highland School 2.0 mi Public PRESCHOOL-PRESCHOOL 0 0
      Roosevelt Elementary School 2.1 mi Public K-8 1 3
      Greenbriar Elementary School 2.1 mi Public K-8 2 5
      Wagoner Elementary School 2.2 mi Public PRESCHOOL-2 0 2
      St Pauls Lutheran School 2.4 mi Private PRESCHOOL-8 0 4
      Safe School Program 2.4 mi Public 6-12 0 0
      Saukview Elementary School 2.4 mi Public PRESCHOOL-4 1 4
      Marian Catholic High School 2.4 mi Catholic 9-12 0 4
      Wilson Elementary School 2.5 mi Public K-8 0 2
      Academy For Lifelong Learning (all) 2.5 mi Public K-8 0 0
      Beacon Hill Primary Center 2.6 mi Public PRESCHOOL-3 0 3
      Speed Early Learning Center 2.7 mi Public PRESCHOOL-3 0 0
      Speed Program For Adaptive Learn 2.7 mi Public 3-11 0 0
      Speed Independence High School 2.7 mi Public 9-12 0 4
      Speed Independence Elementary School 2.7 mi Public 4-8 0 3
      Kennedy Elementary School 2.7 mi Public K-8 2 3
      Strassburg Elementary School 2.8 mi Public 3-5 0 0
      Serena Hills Elementary School 2.8 mi Public PRESCHOOL-5 1 3
      St Mark Lutheran School 3.0 mi Private 9-12 0 0
      Rickover Jr High School 3.1 mi Public 6-8 0 3
      Nazarene Nursery School And Kindergarten 3.2 mi Private PRESCHOOL-K 0 0
      Sandridge Elementary School 3.5 mi Public K-8 2 2
      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 © 2015
      Local Weather for Chicago Heights, 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.