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 July'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 24% from one year earlier, and down 5% 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 4%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 260-thousand dollars. The number of units sold decreased 2% year-over-year, and increased 9% 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.
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
      Nazareth Academy 1.7 mi Catholic 9-12 0 4
      Riverside Brookfield Twp High School 2.2 mi Public 9-12 3 4
      Westchester Middle School 3.7 mi Public 6-8 4 5
      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
      Aqsa School 6.2 mi Private PRESCHOOL-12 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
      Austin Bus & Entrepreneurship High School 7.5 mi Public 9-12 0 4
      Jordan Baptist School 7.5 mi Private K-12 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
      Theodore Herzl Elementary School 8.3 mi Public PRESCHOOL-8 0 0
      Legal Prep Charter Academy 8.5 mi Public 9-12 0 0
      Sarah E Goode Stem Academy High School 8.6 mi Public 9-12 0 4
      North Lawndale College Prep - Christiana 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
      Back Of The Yards Ib High School 9.4 mi Public 9-12 0 4
      Jensen Elementary Scholastic Academy 9.5 mi Public PRESCHOOL-8 0 4
      Br Rice High School 9.6 mi Catholic 9-12 0 4
      East Leyden High School 9.6 mi Public 9-12 2 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 Patrick High School 10.3 mi Catholic 9-12 0 3
      Carl Sandburg High School 10.6 mi Public 9-12 5 4
      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
      Tilden Career Communty Academy High School 11.2 mi Public 9-12 0 3
      Excel Academy - Englewood High School 11.2 mi Public 9-12 0 0
      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
      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 11.5 mi Private 10-12 0 0
      Luther North College Prep 11.6 mi Private 9-12 0 4
      Team Englewood Community Academy High School 11.7 mi Public 9-12 0 5
      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
      Walter Q Gresham Elementary School 11.9 mi Public PRESCHOOL-8 0 0
      Chicago Virtual Charter School 12.1 mi Public K-12 3 0
      Youth Connections Charter High School 12.1 mi Public 10-12 0 3
      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
      William Jones College Preparatory High School 12.9 mi Public 9-12 5 4
      Gordon Tech High School 13.0 mi Catholic 9-12 0 4
      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
      Walter Payton College Preparatory High School 13.4 mi Public 9-12 5 4
      Paul Revere Elementary School 13.7 mi Public PRESCHOOL-8 0 0
      Univ Of Chicago Lab School 13.8 mi Private PRESCHOOL-12 0 3
      Shabazz International Charter School Shabazz Academy 13.8 mi Public K-8 0 0
      Christian Fenger Academy High School 13.9 mi Public 9-12 0 3
      Latin School Of Chicago Upper 13.9 mi Private PRESCHOOL-12 0 0
      Mt Carmel High School 14.0 mi Catholic 9-12 0 4
      Francis W Parker School 14.1 mi Private PRESCHOOL-12 0 0
      Lycee Francais De Chicago 14.6 mi Private PRESCHOOL-12 0 0
      Gwendolyn Brooks College Preparatory Academy Hs 14.7 mi Public 9-12 5 4
      Bais Yaakov High School 15.0 mi Private 9-12 0 0
      Uplift Community High School 15.5 mi Public 9-12 0 4
      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
      The Willows Academy 16.4 mi Private 6-12 0 0
      Notre Dame High School College Prep 16.5 mi Catholic 9-12 0 0
      Northridge Preparatory School 16.7 mi Catholic 6-12 0 0
      Sullivan High School 16.9 mi Public 9-12 0 3
      Chicago Waldorf School 17.0 mi Private PRESCHOOL-12 0 0
      Springman Middle School 18.2 mi Public 6-8 4 5
      Dr Bessie Rhodes Magnet School 18.2 mi Public K-8 4 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
      Christian Heritage Academy 20.8 mi Private PRESCHOOL-12 0 0
      St Viator High School 21.0 mi Catholic 9-12 0 4
      Colin Powell Middle School 21.0 mi Public 6-8 2 4
      Tefft Middle School 21.2 mi Public 7-8 3 4
      Sunset Ridge Elementary School 21.2 mi Public 4-8 5 0
      John Hersey High School 21.3 mi Public 9-12 5 4
      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
      Wm Fremd High School 22.6 mi Public 9-12 4 4
      Palatine High School 24.2 mi Public 9-12 3 4
      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.