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 May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 16% 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 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 2%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 230-thousand dollars. The number of units sold increased 4% year-over-year, and increased 9% 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.
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Map Information for Cook County, IL
Area Information for Cook County, IL
  • Population: 5,211,232
  • Median Age: 34.9 yr
  • Median Commute Time: 29.91 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 5,513/sq mi
  • Population Change Since 2000: -3.08%
  • Closest Airport: Chicago Midway International
  • Closest College: Kendall College
  • Closest Jr. College: Cooking And Hospitality Institute
  • Median Household Income: $55,353
  • Annual Residential Turnover: 15.89%
  • Median Years in Residence: 2.96 yr
  • Median Home Sales Price: $155,000
  • Closest Major Sports Team: Chicago Black Hawks
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Cook County, IL
Median Age: 34.9 Married: 28% Number of Households: 2,003,200 Households with Children: 640,939
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 GreatSchools Rating Parent Rating
      Field Park Elem School 1.9 mi Public K-5 5 5
      Hollywood Elem School 2.2 mi Public K-5 4-5 5
      Forest Hills Elem School 2.4 mi Public K-5 4-5 5
      John Laidlaw Elem School 2.6 mi Public K-5 5 5
      Word Of God Christian Acad 6.3 mi Private K-8 0 5
      Roosevelt School 6.6 mi Public 5-8 5 5
      Oliver W Holmes Elem School 7.1 mi Public PRESCHOOL-5 4 5
      Willard Elem School 7.2 mi Public K-4 4-5 5
      St Nicholas Of Tolentine School 7.5 mi Catholic PRESCHOOL-8 0 5
      St Paul Lutheran School 7.9 mi Private K-8 0 5
      William Hatch Elem School 7.9 mi Public K-5 4-5 5
      Southwest Chicago Christian School 8.3 mi Private PRESCHOOL-8 0 5
      St Paul Lutheran School 8.4 mi Private PRESCHOOL-8 0 5
      Northwest Inst For Contemp Learning Acad 8.7 mi Private PRESCHOOL-8 0 5
      St Germaine School 9.0 mi Catholic PRESCHOOL-8 0 5
      Pathways In Education High School 9.2 mi Public 9-12 0 5
      Kolmar Avenue Elem School 9.5 mi Public PRESCHOOL-5 4 5
      San Miguel/back Of The Yards 9.6 mi Catholic 6-8 0 5
      St Rita High School 9.7 mi Catholic 9-12 0 5
      Lindblom Math & Science Acad High School 9.8 mi Public 7-12 5 4
      St Paul Our Lady Of Vilna 9.9 mi Catholic PRESCHOOL-8 0 5
      Lawn Manor School 10.1 mi Public PRESCHOOL-2 0 5
      St Bernadette School 10.1 mi Catholic PRESCHOOL-8 0 5
      Palos East Elementary School 10.2 mi Public K-5 4 5
      Academy Of St Benedict The African 10.3 mi Catholic PRESCHOOL-8 0 4
      Grace English Lutheran School 10.3 mi Private PRESCHOOL-8 0 4
      St Patrick High School 10.3 mi Catholic 9-12 0 4
      Palos South Middle School 10.5 mi Public 6-8 5 5
      St Pius V School 10.6 mi Catholic PRESCHOOL-8 0 5
      St Malachy School 10.6 mi Catholic PRESCHOOL-8 0 4
      North Ctr Handicapped Children 10.8 mi Private UNGRADE-UNGRADE 0 5
      St Helen School 11.1 mi Catholic PRESCHOOL-8 0 5
      Keller Elementary Gifted Center 11.1 mi Public 1-8 5 5
      Ridge Academy 11.3 mi Private 1-8 0 5
      St Gabriel School 11.3 mi Catholic PRESCHOOL-8 0 5
      Antonia Pantoja High School 11.5 mi Private 10-12 0 0
      Esperanza School 11.6 mi Private 3-12 0 0
      Josephinum Academy 11.6 mi Catholic 9-12 0 4
      Prairie Elem School 12.0 mi Public K-3 5 5
      Plaid Academy 12.0 mi Private PRESCHOOL-8 0 5
      Beard Elem School 12.1 mi Public PRESCHOOL-3 0 5
      Disney Ii Elementary Magnet School 12.1 mi Public K-6 4-5 5
      The Chicago Academy For The Arts 12.4 mi Private 9-12 0 5
      St Sava Academy 12.5 mi Private PRESCHOOL-8 0 5
      United Educational Cultural Acad 12.5 mi Private PRESCHOOL-8 0 5
      Park View Lutheran School 12.6 mi Private PRESCHOOL-8 0 5
      Rosemont Elem School 12.9 mi Public PRESCHOOL-8 4-5 5
      St Cornelius 12.9 mi Catholic PRESCHOOL-8 0 5
      Skinner North Elementary 13.1 mi Public K-7 5 5
      Rescue Missionary Christian School 13.1 mi Private 1-7 0 5
      Mcdade Elem Classical School 13.3 mi Public K-6 5 5
      Summit Learning Center 13.4 mi Public 9-12 0 5
      Triple R Child Care Inc 13.5 mi Private K-K 0 5
      St Paul Lutheran School 14.2 mi Private PRESCHOOL-8 0 5
      Blue Cap School 14.3 mi Private UNGRADE-UNGRADE 0 0
      Northside Learning Center 14.3 mi Public 9-12 0 4
      Bernard Zell Anshe Emet Day School 14.9 mi Private PRESCHOOL-8 0 5
      Our Lady Of Lourdes 14.9 mi Private PRESCHOOL-8 0 5
      Spaulding School 14.9 mi Public PRESCHOOL-3 5 5
      Developmental Learning Pgm Dlp 14.9 mi Public PRESCHOOL-8 0 5
      Cardinal J Bernardin Catholic School 15.0 mi Catholic PRESCHOOL-8 0 5
      Eugene Field Elem School 15.1 mi Public K-5 4-5 5
      Yeshivas Tiferes T2v1 15.4 mi Private K-8 0 5
      John A Bannes Elem School 15.5 mi Public K-5 4 5
      Brisk Academy Yeshivas Brisk 15.6 mi Private 9-12 0 5
      Southwest Christian School 15.7 mi Private K-8 0 5
      Nile Central 15.7 mi Public 9-12 0 5
      Cheder Lubavitch 15.8 mi Private PRESCHOOL-8 0 5
      St Zachary School 16.1 mi Catholic PRESCHOOL-8 0 5
      Plato Academy 16.4 mi Private PRESCHOOL-8 0 5
      Immaculate Conception 16.5 mi Catholic K-8 0 0
      St Peter School 16.5 mi Catholic PRESCHOOL-8 0 5
      St Michael School 16.6 mi Catholic PRESCHOOL-8 0 5
      Chicago Jewish Day School 16.7 mi Private PRESCHOOL-8 0 5
      St Margaret Mary School 17.0 mi Catholic PRESCHOOL-8 0 5
      New Covenent Christian Academy 17.7 mi Private PRESCHOOL-8 0 5
      Echo School 17.8 mi Public 1-12 0 5
      Rice Education Center 18.2 mi Public K-8 0 5
      St Paul Lutheran School 18.5 mi Private PRESCHOOL-8 0 5
      Laren Montessori 18.9 mi Private PRESCHOOL-3 0 5
      Nathan Hale Elementary School 19.0 mi Public K-6 4-5 5
      Indian Grove Elem School 20.0 mi Public PRESCHOOL-5 4-5 5
      Westgate Elem School 20.1 mi Public PRESCHOOL-5 4-5 5
      Miner School 20.2 mi Public UNGRADE-UNGRADE 0 5
      Willowbrook Elem School 20.6 mi Public PRESCHOOL-5 4-5 5
      Hoover Math And Science Academy 20.7 mi Public K-6 5 5
      Christian Heritage Academy 20.8 mi Private PRESCHOOL-12 0 5
      Sieden Prairie Elementary School 20.9 mi Public K-5 4 5
      Middlefork Primary School 21.0 mi Public K-3 5 5
      Maple School 21.2 mi Public 6-8 5 5
      Wescott Elementary School 21.9 mi Public 1-5 5 5
      Patton Elementary School 22.1 mi Public K-5 5 5
      Sacred Heart School 22.5 mi Catholic PRESCHOOL-8 0 5
      Westmoor Elem School 22.7 mi Public K-5 5 5
      James Whitcomb Riley School 23.2 mi Public K-5 0 5
      J W Riley Elem School 23.2 mi Public PRESCHOOL-5 4-5 5
      Dayspring Montessori School 23.2 mi Private PRESCHOOL-K 0 5
      Central School 23.3 mi Public 5-8 5 5
      St John Lutheran School 23.6 mi Private PRESCHOOL-8 0 5
      Lansing Christian School 23.7 mi Private PRESCHOOL-8 0 5
      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 Cook County, 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.