Real Estate Market Update for Cook County, IL

Video: Real Estate Community Tour for Cook County, IL

See Real estate community tour for Cook County, IL
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 21% from one year earlier, and down 12% 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 270-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 7%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 220-thousand dollars. The number of units sold decreased 7% year-over-year, and decreased 13% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better 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.
Show Transcript
Map Information for Cook County, IL
Area Information for Cook County, IL
  • Population: 5,262,301
  • Median Age: 36.62 yr
  • Median Commute Time: 32 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 5,566/sq mi
  • Population Change Since 2000: -2.13%
  • Closest Airport: Chicago Midway International
  • Closest College: Concordia University
  • Closest Jr. College: Morton College
  • Median Household Income: $56,270
  • Annual Residential Turnover: 12%
  • Median Home Sales Price: $210,000
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: 28.35%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Cook County, IL
Median Age: 36.62 Married: 34% Number of Households: 1,999,987 Households with Children: 562,273
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 Cook County, IL

      School Name Distance Type Grades School Rating Parent Rating
      Divine Infant Jesus School 3.7 mi Catholic PRESCHOOL-8 0 0
      Westchester Middle School 3.7 mi Public 6-8 4 5
      St Leonard School 4.1 mi Catholic PRESCHOOL-8 0 0
      Mark Twain Elementary School 5.2 mi Public PRESCHOOL-8 4 5
      Abraham Lincoln Elementary School 5.6 mi Public K-5 4 4
      Phoebe A Hearst Elementary School 5.9 mi Public K-8 0 0
      Queen Of Peace High School 6.2 mi Catholic 9-12 0 4
      Fenwick High School 6.5 mi Catholic 9-12 0 4
      Greater Lawndale High School For Social Justice 6.8 mi Public 9-12 0 4
      St. Bruno School 7.1 mi Catholic PRESCHOOL-8 0 0
      Austin Bus & Entrepreneurship High School 7.5 mi Public 9-12 0 4
      Jordan Baptist School 7.5 mi Private K-12 0 0
      St. Bede The Venerable 7.8 mi Catholic PRESCHOOL-8 0 0
      Milton Brunson Math & Science Specialty Elementary School 8.1 mi Public PRESCHOOL-8 0 0
      Community Services West High School 8.1 mi Public 11-12 0 0
      Yccs - Austin Career Education Center 8.2 mi Public 10-12 0 0
      Theodore Herzl Elementary School 8.3 mi Public PRESCHOOL-8 0 0
      Pope John Paul Ii Catholic School 8.4 mi Catholic PRESCHOOL-8 0 0
      St Angela Elementary School 8.4 mi Catholic PRESCHOOL-8 0 0
      Sarah E Goode Stem Academy High School 8.6 mi Public 9-12 0 4
      Catalyst Elementary Charter School 8.7 mi Public K-8 0 0
      Our Lady Of Tepeyac High School 8.8 mi Catholic 9-12 0 0
      Pathways In Education- Ashburn 9.2 mi Public 9-12 0 0
      Raby High School 9.4 mi Public 9-12 0 4
      Claremont Academy Elementary School 9.4 mi Public PRESCHOOL-8 0 0
      Jensen Elementary Scholastic Academy 9.5 mi Public PRESCHOOL-8 0 4
      Br Rice High School 9.6 mi Catholic 9-12 0 4
      Mother Mcauley Liberal Arts High School 9.7 mi Catholic 9-12 0 4
      St Rita Of Cascia High School 9.7 mi Catholic 9-12 0 4
      Robert Lindblom Math & Science Acad High School 9.8 mi Public 7-12 3 4
      Peace And Education Coalition High School 9.9 mi Public 9-12 0 0
      Cristo Rey Jesuit High School 10.2 mi Catholic 9-12 0 4
      St Alexander School 10.3 mi Catholic PRESCHOOL-8 0 0
      Richard T Crane Medical Preparatory High School 10.4 mi Public 9-9 0 0
      Simpson Academy High School For Young Women 10.7 mi Public 6-12 0 0
      Marist High School 10.8 mi Catholic 9-12 0 4
      St Barbara Elementary School 11.0 mi Catholic PRESCHOOL-8 0 0
      St John Fisher Elementary School 11.0 mi Catholic PRESCHOOL-8 0 0
      St Christina School 11.0 mi Catholic PRESCHOOL-8 0 0
      Camelot - Excel Englewood High School 11.2 mi Public 9-12 0 3
      Intrinsic Charter High School 11.2 mi Public 7-11 0 4
      Roberto Clemente Community Academy High School 11.2 mi Public 9-12 0 4
      Bridgeport Catholic - S Campus 11.3 mi Catholic PRESCHOOL-8 0 4
      Midwestern Christian Academy 11.3 mi Private PRESCHOOL-8 0 0
      Jackson A Elementary Language Academy 11.3 mi Public K-8 5 0
      St. Ignatius College Prep 11.5 mi Catholic 9-12 0 4
      John H Vanderpoel Elementary Magnet School 11.5 mi Public K-8 2 0
      Antonia Pantoja High School 11.6 mi Private 10-12 0 0
      Luther North College Prep 11.6 mi Private 9-12 0 4
      Prologue-joshua Johnston Charter School 11.7 mi Public 9-12 0 4
      Amandla Elementary Charter School 11.8 mi Public 5-12 0 3
      Wells Community Academy High School 11.9 mi Public 9-12 0 3
      Chicago Virtual Charter School 12.1 mi Public K-12 3 0
      Prologue Early College High School 12.2 mi Public 9-12 0 0
      St John Lutheran School 12.2 mi Private PRESCHOOL-8 0 0
      Holy Trinity High School 12.2 mi Catholic 9-12 0 4
      Morgan Park Academy 12.3 mi Private PRESCHOOL-12 0 0
      De La Salle Institute 12.3 mi Catholic 9-12 0 4
      John W Garvy Elementary School 12.4 mi Public K-8 4 0
      The Chicago Academy For The Arts 12.4 mi Private 9-12 0 0
      Wendell Phillips Academy High School 12.4 mi Public 9-12 0 4
      St. Edward 12.7 mi Catholic PRESCHOOL-8 0 0
      St Alphonsus/st Patrick School 12.8 mi Catholic PRESCHOOL-8 0 0
      Immaculate Conception School 12.9 mi Catholic PRESCHOOL-8 0 0
      Resurrection High School 13.1 mi Catholic 9-12 0 4
      Lane Technical High School 13.1 mi Public 7-12 5 4
      James E Mcdade Elementary Classical School 13.3 mi Public K-6 5 0
      Catherine Cook School 13.6 mi Private PRESCHOOL-8 0 5
      St. Thecla 13.7 mi Catholic PRESCHOOL-8 0 0
      Latin School Of Chicago Upper 13.9 mi Private PRESCHOOL-12 0 0
      Francis W Parker School 14.1 mi Private PRESCHOOL-12 0 0
      St Matthias School 14.6 mi Catholic PRESCHOOL-8 0 0
      Lycee Francais De Chicago 14.6 mi Private PRESCHOOL-12 0 0
      Bais Yaakov High School 15.0 mi Private 9-12 0 0
      Cardinal Joseph Bernardin Catholic School 15.0 mi Catholic PRESCHOOL-8 0 0
      Lubavitch Girls High School 15.5 mi Private 9-12 0 0
      Victor J Andrew High School 15.5 mi Public 9-12 5 4
      Southwest Chicago Christian School 15.8 mi Private K-8 0 0
      The Willows Academy 16.4 mi Private 6-12 0 0
      Notre Dame College Prep 16.5 mi Catholic 9-12 0 0
      Northridge Preparatory School 16.7 mi Catholic 6-12 0 0
      Springman Middle School 18.2 mi Public 6-8 4 5
      St Emily Elementary School 18.4 mi Catholic PRESCHOOL-8 0 0
      Glenbrook South High School 19.7 mi Public 9-12 4 4
      Attea Middle School 19.8 mi Public 6-8 5 4
      South Middle School 20.0 mi Public 6-8 5 4
      Loyola Academy 20.0 mi Catholic 9-12 0 4
      St Joseph School 20.4 mi Catholic PRESCHOOL-8 0 0
      St. Francis Xavier 20.4 mi Catholic PRESCHOOL-8 0 0
      Baker Demonstration School 20.6 mi Private PRESCHOOL-8 0 5
      Christian Heritage Academy 20.8 mi Private PRESCHOOL-12 0 0
      Colin Powell Middle School 21.0 mi Public 6-8 2 4
      Sunset Ridge Elementary School 21.2 mi Public 4-8 5 0
      Thomas Middle School 21.5 mi Public 6-8 5 5
      North Shore Country Day School 21.5 mi Private K-12 0 4
      Macarthur Middle School 21.6 mi Public 6-8 4 4
      Marian Catholic High School 22.3 mi Catholic 9-12 0 4
      Illiana Christian High School 22.5 mi Private 9-12 0 4
      St Theresa School 23.7 mi Catholic PRESCHOOL-8 0 0
      Valeo Academy 26.3 mi Private K-12 0 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Cook County, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.