Real Estate Market Update for Chicago, 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 49% from one year earlier and down 13% 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 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 29% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 180-thousand dollars. Overall, The number of units sold Increased 13% year-over-year and Increased 32% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. 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: 2,679,998
  • Median Age: 34.88 yr
  • Median Commute Time: 31.36 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 108
  • Sales Tax: 7%
  • Population Density: 11,325/sq mi
  • Population Change Since 2000: -7%
  • Closest Airport: Chicago Midway International
  • Closest College: Vandercook College Of Music
  • Closest Jr. College: City Colls Of Chicago Malcolm
  • Median Household Income: $48,448
  • Annual Residential Turnover: 17.47%
  • Median Years in Residence: 2.6 yr
  • Median Home Sales Price: $203,000
  • Closest Major Sports Team: Chicago White Sox
  • Change Avg. Household Income Since 2000: 25%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for Chicago, IL
Median Age: 34.88 Married: 29% Number of Households: 1,046,024 Households with Children: 319,201
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 Chicago, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Epiphany School 1.3 mi Catholic K - 8 0 4
      Cicero West Elementary School 1.9 mi Public K - 3 0 5
      Consuela B York Alternative High School 2.0 mi Public 9 - 12 0 5
      Legacy Charter School 2.1 mi Public K - 8 2-5 5
      Charles J Sahs Elementary School 2.3 mi Public K - 8 3 4
      J Sterling Morton Alternative School 2.5 mi Public 9 - 12 0 4
      Velma Thomas Early Chldhd Center 2.6 mi Public PRESCHOOL/KINDERGARTEN 0 5
      San Miguel School - Back Yard 3.1 mi Private 5 - 8 0 5
      St Michael School 3.1 mi Catholic K - 8 0 5
      St Nicholas Of Tolentine School 3.2 mi Catholic K - 8 0 5
      Cristo Rey Jesuit High School 3.4 mi Catholic 9 - 12 0 4
      Orozco Community Academy 3.5 mi Public K - 8 3-5 4
      Hefferan Elementary School 3.6 mi Public K - 8 2-5 5
      St Pius V School 3.8 mi Catholic K - 8 0 5
      St Barbara Elementary School 4.1 mi Catholic K - 8 0 5
      Libby Elementary School 4.1 mi Public K - 8 0 5
      Maria High School 4.2 mi Catholic 9 - 12 0 5
      Lindblom Math Science Academy 4.2 mi Public 7 - 12 4-5 4
      Sherman School Of Excellence 4.4 mi Public K - 8 1 5
      St Gabriel School 4.6 mi Catholic K - 8 0 5
      Blair Early Childhood Center 4.7 mi Public SPECIAL EDUCATION 0 3
      Sheridan Math & Science Academy 4.7 mi Public K - 8 3-5 5
      St Ignatius College Preparatory School 4.8 mi Catholic 9 - 12 0 5
      St Paul Lutheran School 5.3 mi Private K - 8 0 5
      Esperanza School 5.5 mi Private SPECIAL EDUCATION 0 0
      Erie Elementary Charter School 5.5 mi Public K - 8 1 5
      St Helen School 5.5 mi Catholic K - 8 0 5
      Wells Preparatory Elementary School 5.6 mi Public K - 8 2 5
      St Rita Of Cascia High School 5.6 mi Catholic 9 - 12 0 5
      Benjamin Mays Academy 5.7 mi Public K - 8 1 5
      Maternity Bvm School 5.7 mi Catholic K - 8 0 4
      Daystar School 5.7 mi Private K - 8 0 4
      St Angela School 5.8 mi Catholic K - 8 0 4
      Doolittle Elementary School 5.9 mi Public K - 8 0 5
      Carroll Rosenwald Elementary School 6.1 mi Public K - 8 1 5
      Josephinum Academy 6.1 mi Catholic 7 - 12 0 4
      Chicago Academy For The Arts 6.2 mi Private 9 - 12 0 5
      Jehovah Lutheran School 6.7 mi Private K - 8 0 4
      Brownell Elementary School 6.7 mi Public K - 6 0 5
      Luther Burbank Elementary School 6.9 mi Public K - 8 1 5
      Chicago Sda Elementary 6.9 mi Private K - 8 0 5
      St Genevieve School 6.9 mi Catholic K - 8 0 4
      St Columbanus School 7.2 mi Catholic K - 8 0 5
      Ancona School 7.2 mi Private K - 8 0 5
      St John Berchmans School 7.3 mi Catholic K - 8 0 4
      St Bernadette School 7.3 mi Catholic K - 8 0 5
      Grace Lutheran School 7.3 mi Private K - 8 0 4
      Franklin Fine Arts Center 7.3 mi Public K - 8 4-5 5
      Immaculate Conception School 7.4 mi Catholic K - 6 0 4
      Most Holy Redeemer School 7.4 mi Catholic K - 8 0 4
      St Josaphat School 7.4 mi Catholic K - 8 0 5
      Univ Of Chicago Lab School 7.5 mi Private K - 12 0 4
      Southeast Elementary School 7.9 mi Public K - 6 3-5 5
      Mount Carmel High School 7.9 mi Catholic 9 - 12 0 5
      Cardinal Bernardin Ecc 7.9 mi Catholic K - 3 0 5
      Vanderpoel Magnet Elementary School 8.0 mi Public K - 8 3-5 4
      St Patrick High School 8.1 mi Catholic 9 - 12 0 4
      Francis W Parker School 8.1 mi Private K - 12 0 5
      Burley Elementary School 8.3 mi Public K - 8 4 5
      Agassiz Elementary School 8.3 mi Public K - 8 2-5 4
      St Bartholomew School 8.4 mi Catholic K - 8 0 4
      St John Fisher School 8.4 mi Catholic K - 8 0 5
      Mcdade Classical School 8.5 mi Public K - 6 5 5
      Audubon Elementary School 8.6 mi Public K - 8 4 5
      John Murphy Elementary School 8.6 mi Public K - 8 2-5 4
      Ridge Academy 8.6 mi Private K - 8 0 5
      Park View Lutheran School 8.7 mi Private K - 8 0 5
      St Andrew School 8.8 mi Catholic K - 8 0 5
      Oak Park Christian Academy 9.0 mi Private K - 8 0 4
      St Benedict High School 9.0 mi Catholic 9 - 12 0 5
      St Benedict Elementary School 9.0 mi Catholic K - 8 0 5
      Keller Regional Gifted Center 9.1 mi Public K - 8 5 5
      Dever Elementary School 9.1 mi Public K - 8 3 5
      Belding Elementary School 9.1 mi Public K - 8 2-5 5
      Luther High School North 9.3 mi Private 9 - 12 0 4
      Vaughn Occupational High School 9.4 mi Public SPECIAL EDUCATION 0 3
      St Edward School 9.4 mi Catholic K - 8 0 5
      Courtenay Language Arts Academy 9.5 mi Public K - 8 4-5 4
      Mcdowell School 9.6 mi Public K - 5 2 5
      Council Oak Montessori School 9.7 mi Private K - 8 0 5
      St Robert Bellarmine School 9.9 mi Catholic K - 8 0 4
      Edison Regional Gifted Center 10.0 mi Public K - 8 5 0
      Stony Creek Elementary School 10.1 mi Public K - 6 2-5 5
      Roseland Christian School 10.2 mi Private K - 8 0 4
      Hazelgreen Elementary School 10.2 mi Public K - 6 3 5
      Prairie Junior High School 10.4 mi Public 7 - 9 3 4
      Beard School 10.4 mi Public SPECIAL EDUCATION 0 5
      St Cornelius School 10.5 mi Catholic K - 8 0 5
      Poe Classical School 10.6 mi Public K - 6 5 4
      Northside Learning Center 10.8 mi Public SPECIAL EDUCATION 0 4
      Goudy Elementary School 11.0 mi Public K - 8 2-5 4
      St Eugene School 11.4 mi Catholic K - 8 0 4
      Sacred Heart School 11.6 mi Catholic K - 8 0 5
      Rickover Naval Academy 11.7 mi Public 9 - 12 3 4
      John L Marsh Elementary School 11.8 mi Public K - 8 2 5
      Bethesda Lutheran School 12.5 mi Private K - 8 0 4
      Ohrboruch School 13.0 mi Private K - 8 0 4
      St Margaret Mary School 13.2 mi Catholic K - 8 0 5
      St Scholastica Academy 13.4 mi Catholic 9 - 12 0 4
      George Washington Elementary School 13.8 mi Public K - 8 3-5 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 © 2010
      Local Weather for Chicago, 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.