Real Estate Market Update for La Grange Park, IL

Video: Real Estate Community Tour for La Grange Park, IL

See Real estate community tour for La Grange Park, IL
Welcome to June'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 38% from one year earlier, and down 20% 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 470-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 63%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 290-thousand dollars. The number of units sold increased 6% year-over-year, and decreased 25% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 La Grange Park, IL
Area Information for La Grange Park, IL
  • Population: 13,532
  • Median Age: 43.39 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 6,063/sq mi
  • Population Change Since 2000: 2.51%
  • Closest Airport: Chicago Midway International
  • Closest College: Loyola Univ-stritch School Of Medicine
  • Closest Jr. College: Triton College
  • Median Household Income: $73,937
  • Annual Residential Turnover: 8%
  • Median Home Sales Price: $316,500
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 36.23%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for La Grange Park, IL
Median Age: 43.39 Married: 44% Number of Households: 5,365 Households with Children: 1,707
    • 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 La Grange Park, IL

      School Name Distance Type Grades School Rating Parent Rating
      Cossitt Ave Elementary School 0.3 mi Public K-6 5 0
      Seventh Ave Elementary School 0.5 mi Public K-6 4 0
      St Johns Lutheran School 0.5 mi Private PRESCHOOL-8 0 0
      Lyons Twp High School 0.6 mi Public 9-12 4 4
      Kensington School Of Lagrange 0.7 mi Private PRESCHOOL-K 0 0
      Creative World Montessori School 0.7 mi Private PRESCHOOL-K 0 0
      St. Francis Xavier 0.8 mi Catholic PRESCHOOL-8 0 0
      St Francis Xavier School 0.8 mi Catholic PRESCHOOL-1 0 0
      Ogden Ave Elementary School 0.8 mi Public K-6 5 0
      Wm F Gurrie Middle School 0.8 mi Public 7-8 4 0
      Spring Ave Elementary School 0.8 mi Public K-6 5 0
      Park Junior High School 0.9 mi Public 7-8 5 0
      Nazareth Academy 1.1 mi Catholic 9-12 0 4
      St Cletus Elementary School 1.2 mi Catholic PRESCHOOL-8 0 0
      Helping Hand School 1.3 mi Private UNGRADE-UNGRADE 0 0
      Ideal Elementary School 1.6 mi Public PRESCHOOL-6 2 0
      Forest Road Elementary School 1.6 mi Public 1-6 5 0
      Barnsdale Road School 1.7 mi Public PRESCHOOL-K 0 0
      The Childrens House Montessori School 1.9 mi Private PRESCHOOL- 0 0
      Highlands Elementary School 2.0 mi Public PRESCHOOL-5 5 0
      St Louise De Marillac School 2.0 mi Catholic PRESCHOOL-8 0 0
      Highlands Middle School 2.1 mi Public 6-8 5 2
      Brook Park Elementary School 2.2 mi Public K-5 3 0
      Acacia Academy 2.5 mi Private 1-12 0 0
      Ombudsman Educational Services-lyons Plus 2.7 mi Private 9-12 0 0
      Hodgkins Elementary School 2.7 mi Public K-6 3 0
      Pleasantdale Elementary School 4.7 mi Public PRESCHOOL-4 4 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 School Review data by
      Local Weather for La Grange Park, 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.