Real Estate Market Update for Chicago, IL
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 15% from one year earlier, and down 4% 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 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 18%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 270-thousand dollars. The number of units sold decreased 1% year-over-year, and increased 10% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 Chicago, IL
Area Information for Chicago, IL
  • Population: 2,703,788
  • Median Age: 32.74 yr
  • Median Commute Time: 31.36 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 11,878/sq mi
  • Population Change Since 2000: -6.21%
  • Closest Airport: Chicago Midway International
  • Closest College: University Of Il-college Of Medicine
  • Closest Jr. College: Malcolm X College-city Clgs Chicago
  • Median Household Income: $47,881
  • Annual Residential Turnover: 17.46%
  • Median Years in Residence: 2.61 yr
  • Median Home Sales Price: $170,000
  • Closest Major Sports Team: White Sox
  • Change Avg. Household Income Since 2000: 23%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Chicago, IL
Median Age: 32.74 Married: 22% Number of Households: 1,065,087 Households with Children: 315,605
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, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Epiphany School 1.3 mi Catholic PRESCHOOL-8 0 4
      Legacy Elementary Charter School 2.1 mi Public PRESCHOOL-8 2-5 5
      St. Gall 2.6 mi Catholic PRESCHOOL-8 0 4
      St. Paul - Our Lady Of Vilna 3.1 mi Catholic PRESCHOOL-8 0 5
      San Miguel/back-of-the-yards 3.1 mi Catholic 6-8 0 5
      St. Nicholas Of Tolentine School 3.3 mi Catholic PRESCHOOL-8 0 5
      Leland Elementary School 3.5 mi Public PRESCHOOL-3 5 5
      Hefferan Elementary School 3.6 mi Public PRESCHOOL-8 2-5 5
      Chicago Jesuit Academy 3.7 mi Catholic 5-8 0 4
      Christ The King Jesuit College Preparatory School 3.7 mi Catholic 9-10 0 4
      St. Pius V School 3.8 mi Catholic PRESCHOOL-8 0 5
      Grimes Elementary School 3.8 mi Public 6-8 3 5
      St. Barbara 4.1 mi Catholic PRESCHOOL-8 0 5
      Lindblom Math & Science Acad High School 4.2 mi Public 7-12 5 4
      Stem Magnet Academy Elementary 4.4 mi Public - 3-5 5
      Academy Of St. Benedict The African 4.5 mi Catholic PRESCHOOL-8 0 4
      Westinghouse High School 4.5 mi Public 9-12 3-5 4
      St. Malachy School 4.6 mi Catholic PRESCHOOL-8 0 5
      St. Gabriel 4.6 mi Catholic PRESCHOOL-8 0 5
      Blair Early Childhood Center 4.7 mi Public PRESCHOOL-1 0 3
      Sheridan Elementary Math & Science Academy 4.7 mi Public K-8 4-5 5
      St. Ignatius College Prep 4.8 mi Catholic 9-12 0 5
      San Miguel School-gary Comer Campus 4.9 mi Catholic 5-8 0 5
      St. Paul Lutheran School 5.2 mi Private K-8 0 5
      Pui Tak Christian School 5.3 mi Private PRESCHOOL-6 0 5
      Northwest Inst For Contemp Academy 5.4 mi Private PRESCHOOL-8 0 5
      Esperanza School 5.5 mi Private 6-12 0 0
      St. Helen School 5.5 mi Catholic PRESCHOOL-8 0 5
      St. Rita High School 5.6 mi Catholic 9-12 0 5
      Mays Elementary Academy 5.7 mi Public K-8 2 5
      Maternity B V M School 5.7 mi Catholic PRESCHOOL-8 0 4
      Erie Elementary Charter School 5.8 mi Public K-8 2-5 5
      Chipper Preschool And Kindergarten 5.9 mi Private PRESCHOOL-K 0 5
      Old St. Marys School 5.9 mi Catholic PRESCHOOL-4 0 5
      Carroll Elementary School 6.1 mi Public K-8 2 5
      Josephinum Academy 6.1 mi Catholic 9-12 0 4
      Chicago Academy For The Arts 6.2 mi Private 9-12 0 5
      Pathways In Education High School 6.4 mi Public - 0 5
      Rowe Elementary School 6.5 mi Public K-3 3 5
      Cambridge School Of Chicago 6.6 mi Private PRESCHOOL-7 0 5
      Chicago S D A Academy 6.9 mi Private PRESCHOOL-8 0 5
      St. Genevieve School 6.9 mi Catholic PRESCHOOL-8 0 4
      Chicago Grammar School 6.9 mi Private PRESCHOOL-8 0 5
      Nguzo Saba Moorish Science Academy 7.0 mi Private K-12 0 5
      Skinner North Elementary School 7.0 mi Public K-6 5 5
      Chicago International Academy 7.0 mi Private PRESCHOOL-12 0 5
      St. Columbanus School 7.1 mi Catholic PRESCHOOL-8 0 5
      Ancona School 7.2 mi Private PRESCHOOL-8 0 5
      St. John Berchmans School 7.3 mi Private PRESCHOOL-8 0 4
      St. Bernadette School 7.3 mi Catholic PRESCHOOL-8 0 5
      Grace English Lutheran School 7.3 mi Private PRESCHOOL-7 0 4
      Drexel Learning Center 7.4 mi Private K-8 0 5
      Christ The King 7.5 mi Catholic PRESCHOOL-8 0 5
      Aspira Antonia Pantoja Alternative High School 7.7 mi Private 10-12 0 0
      North Center Handicapped Children 7.9 mi Private UNGRADE-UNGRADE 0 5
      Rescue Missionary Christian School 7.9 mi Private K-8 0 5
      Southeast Elementary School 7.9 mi Public K-6 3-5 5
      Cardinal Bernardin Center 7.9 mi Catholic PRESCHOOL-K 0 5
      St. Patrick High School 8.1 mi Catholic 9-12 0 4
      Francis W Parker School 8.1 mi Private PRESCHOOL-12 0 5
      Burley Elementary School 8.3 mi Public PRESCHOOL-8 4-5 5
      St. Bartholomew School 8.4 mi Catholic PRESCHOOL-8 0 4
      Mcdade Elementary Classical School 8.5 mi Public K-6 5 5
      Audubon Elementary School 8.6 mi Public PRESCHOOL-8 4-5 5
      Disney Ii Elementary School 8.6 mi Public PRESCHOOL-6 4-5 5
      St. Paul Lutheran School 8.6 mi Private PRESCHOOL-8 0 5
      Ridge Academy 8.6 mi Private 1-8 0 5
      St. Andrew School 8.8 mi Catholic PRESCHOOL-8 0 5
      St. Benedict Elementary School 9.0 mi Catholic PRESCHOOL-8 0 5
      Keller Elementary Gifted Magnet School 9.1 mi Public 1-8 5 5
      United Educational Cultural Academy 9.1 mi Private PRESCHOOL-8 0 5
      Vaughn Occupational High School 9.4 mi Public 9-12 0 3
      St. Edward 9.4 mi Catholic PRESCHOOL-8 0 5
      Our Lady Of Victory 9.5 mi Catholic PRESCHOOL-8 0 5
      Bernard Zell Anshe Emet Day School 9.5 mi Private PRESCHOOL-8 0 5
      P L A I D Academy 9.8 mi Private PRESCHOOL-8 0 5
      Lycee Francais 9.9 mi Private PRESCHOOL-12 0 5
      Our Lady Of Lourdes 10.1 mi Private PRESCHOOL-8 0 5
      Union Ridge Elementary School 10.2 mi Public PRESCHOOL-8 4 5
      Prairie Junior High School 10.4 mi Public 7-8 3-5 4
      Beard Elementary School 10.4 mi Public PRESCHOOL-4 0 5
      St. Cornelius 10.5 mi Catholic PRESCHOOL-8 0 5
      Poe Elementary Classical School 10.6 mi Public K-6 5 4
      Northside Learning Center 10.8 mi Public 9-12 0 4
      St. Michael School 10.9 mi Catholic PRESCHOOL-8 0 5
      St. Hilary School 11.0 mi Catholic PRESCHOOL-8 0 4
      Immaculate Conception 11.0 mi Catholic K-8 0 0
      Northside Catholic Academy 11.3 mi Catholic 6-8 0 5
      St. Eugene 11.4 mi Catholic PRESCHOOL-8 0 4
      Our Lady Of Guadalupe 11.5 mi Catholic K-8 0 4
      Yeshivas Tiferes T2v1 11.6 mi Private K-8 0 5
      Sacred Heart School 11.6 mi Catholic K-8 0 5
      Marsh Elementary School 11.8 mi Public PRESCHOOL-8 2 5
      Brisk Academy-yeshivas Brisk 11.9 mi Private 9-12 0 5
      St. Sava Academy 12.0 mi Private PRESCHOOL-8 0 5
      Chicago Jewish Day School 12.0 mi Private PRESCHOOL-8 0 5
      Brickton Montessori School 12.1 mi Private PRESCHOOL-8 0 4
      Yeshiva Shearis Yisroel 13.0 mi Private PRESCHOOL-8 0 4
      St. Margaret Mary School 13.2 mi Catholic PRESCHOOL-8 0 5
      St. Scholastica Academy 13.4 mi Catholic 9-12 0 4
      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 Chicago, 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.