Real Estate Market Update for Chicago, IL

Video: Real Estate Community Tour for Chicago, IL

See Real estate community tour for Chicago, IL Welcome to the Windy City! Chicago is the 3rd largest city in the nation with nearly 3 million residents! Downtown, you'll find Millennium Park and The Magnificent Mile. Navy Pier on Lake Michigan leads to the nearby Crystal Gardens. Other attractions include the famous Willis Tower, Buckingham Fountain, and Lincoln Park. The Cubs, White Sox, Bears, Bulls, and Blackhawks are all historic sports teams. A strong public school system is supported by hundreds of private schools and more than 80 colleges and universities, including prestigious Northwestern University. Wicker Park and Bucktown are perfect if you seek luxury real estate. The Highlands, Beverly, and Gold Coast are also great residential areas. Chicago is not only a global financial center but home for many diverse industries. As a major transportation center, Chicago is served by two International airports O'Hare and Midway. Bus, subway, and elevated train service also guarantee rapid transit. Come and see all the Windy City has to offer!
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 19% from one year earlier, and down 6% 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 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold increased 8% year-over-year, and increased 12% 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.
Welcome to the Windy City! Chicago is the 3rd largest city in the nation with nearly 3 million residents! Downtown, you'll find Millennium Park and The Magnificent Mile. Navy Pier on Lake Michigan leads to the nearby Crystal Gardens. Other attractions include the famous Willis Tower, Buckingham Fountain, and Lincoln Park. The Cubs, White Sox, Bears, Bulls, and Blackhawks are all historic sports teams. A strong public school system is supported by hundreds of private schools and more than 80 colleges and universities, including prestigious Northwestern University. Wicker Park and Bucktown are perfect if you seek luxury real estate. The Highlands, Beverly, and Gold Coast are also great residential areas. Chicago is not only a global financial center but home for many diverse industries. As a major transportation center, Chicago is served by two International airports O'Hare and Midway. Bus, subway, and elevated train service also guarantee rapid transit. Come and see all the Windy City has to offer!
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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 Catholic School 1.3 mi Catholic PRESCHOOL-8 0 4
      Cicero West Elementary School 1.8 mi Public PRESCHOOL-3 0 5
      St Gall Elementary School 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
      Mckinley Elementary School 3.3 mi Public K-3 0 4
      Orozco Elementary Fine Arts & Sciences 3.5 mi Public PRESCHOOL-8 4 4
      Hefferan Elementary School 3.6 mi Public PRESCHOOL-8 4 5
      Chicago Jesuit Academy 3.7 mi Catholic 5-8 0 4
      St. Pius V School 3.8 mi Catholic PRESCHOOL-8 0 5
      Grimes Elementary School 3.8 mi Public PRESCHOOL-8 3 5
      St Barbara Elementary School 4.1 mi Catholic PRESCHOOL-8 0 5
      Lindblom Math & Science Academy High School 4.2 mi Public 7-12 4 4
      Stem Magnet Academy Elementary 4.4 mi Public K-6 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 4 4
      St. Malachy School 4.6 mi Catholic PRESCHOOL-8 0 4
      St Gabriel Elementary School 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 5 5
      St. Ignatius College Prep 4.8 mi Catholic 9-12 0 5
      St Paul Lutheran School 5.3 mi Private K-8 0 5
      Pui Tak Christian School 5.3 mi Private PRESCHOOL-7 0 5
      Northwest Institute For Contemporary Learning Academy 5.4 mi Private PRESCHOOL-8 0 5
      Esperanza School 5.5 mi Private 3-12 0 0
      St Helen School 5.5 mi Catholic PRESCHOOL-8 0 5
      Wells Preparatory Elementary Academy 5.6 mi Public PRESCHOOL-8 3 5
      St Rita Of Cascia High School 5.6 mi Catholic 9-12 0 5
      Maternity Bvm Elementary 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
      Lasalle Ii Lang Acad Elementary School 6.0 mi Public PRESCHOOL-8 4 5
      Carroll Elementary School 6.1 mi Public PRESCHOOL-8 2 5
      Josephinum Academy 6.1 mi Catholic 9-12 0 4
      The Chicago Academy For The Arts 6.2 mi Private 9-12 0 5
      Pathways In Education High School 6.4 mi Public 9-12 0 5
      Cambridge School Of Chicago 6.7 mi Private PRESCHOOL-8 0 5
      Brownell Elementary School 6.7 mi Public PRESCHOOL-6 2 5
      Burbank Elementary School 6.9 mi Public PRESCHOOL-8 3 5
      Chicago Sda Elementary School 6.9 mi Private PRESCHOOL-8 0 5
      St Genevieve School 6.9 mi Catholic PRESCHOOL-8 0 4
      Skinner North Elementary School 7.0 mi Public K-7 5 5
      St. Columbanus School 7.1 mi Catholic PRESCHOOL-8 0 5
      Ancona School 7.2 mi Private PRESCHOOL-8 0 5
      St. Bernadette School 7.3 mi Catholic PRESCHOOL-8 0 5
      Grace English Lutheran School 7.3 mi Private PRESCHOOL-8 0 4
      Christ The King Elementary School 7.5 mi Catholic PRESCHOOL-8 0 5
      Antonia Pantoja 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 1-7 0 5
      Southeast Elementary School 7.9 mi Public K-6 3 5
      Francis W Parker School 8.1 mi Private PRESCHOOL-12 0 5
      St Patrick High School 8.1 mi Catholic 9-12 0 4
      Burley Elementary School 8.3 mi Public PRESCHOOL-8 5 5
      Agassiz Elementary School 8.3 mi Public PRESCHOOL-8 4-5 4
      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 K-6 5 5
      St Paul Lutheran School 8.6 mi Private PRESCHOOL-8 0 5
      Ridge Academy 8.6 mi Private 1-8 0 5
      Park View Lutheran School 8.7 mi Private PRESCHOOL-8 0 5
      St Andrew School 8.8 mi Catholic PRESCHOOL-8 0 5
      St Benedict Elementary School 9.0 mi Catholic 1-5 0 5
      Keller Elementary Gifted Magnet School 9.1 mi Public 1-8 5 5
      Dever Elementary School 9.1 mi Public PRESCHOOL-8 4 5
      Belding Elementary School 9.1 mi Public PRESCHOOL-8 3-5 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
      Plaid Academy 9.6 mi Private PRESCHOOL-8 0 5
      Lycee Francais De Chicago 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 5
      Prairie Jr High School 10.4 mi Public 7-8 3-5 4
      Beard Elementary School 10.4 mi Public PRESCHOOL-3 0 5
      St Cornelius Elementary School 10.5 mi Catholic PRESCHOOL-8 0 5
      Poe Elementary Classical School 10.6 mi Public K-6 5 4
      Epic Academy High School 10.8 mi Public 9-12 0 0
      Northside Learning Center 10.8 mi Public 9-12 0 4
      St. Michael School 10.9 mi Catholic PRESCHOOL-8 0 5
      Goudy Elementary School 11.0 mi Public K-8 4 4
      St. Hilary School 11.0 mi Catholic PRESCHOOL-8 0 4
      Immaculate Conception School - Exchange 11.0 mi Catholic K-8 0 0
      Northside Catholic Academy 11.3 mi Catholic 6-8 0 5
      St Eugene Elementary School 11.4 mi Catholic PRESCHOOL-8 0 4
      Our Lady Of Guadalupe School 11.5 mi Catholic K-8 0 4
      Yeshivas Tiferes Tzvi 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 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
      St Margaret Mary Elementary School 13.2 mi Catholic PRESCHOOL-8 0 5
      St. Florian School 15.0 mi Catholic PRESCHOOL-8 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 © 2015
      Local Weather for Chicago, 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.