Real Estate Market Update for Lockport, IL

Video: Real Estate Community Tour for Lockport, IL

See Real estate community tour for Lockport, 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 11% 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 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 22%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 190-thousand dollars. The number of units sold increased 13% year-over-year, and increased 11% 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 Lockport, IL
Area Information for Lockport, IL
  • Population: 25,249
  • Median Age: 34.81 yr
  • Median Commute Time: 29.73 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 2,215/sq mi
  • Population Change Since 2000: 50.03%
  • Closest Airport: Chicago Midway International
  • Closest College: Lewis University
  • Closest Jr. College: Joliet Junior College
  • Median Household Income: $79,636
  • Annual Residential Turnover: 11.83%
  • Median Years in Residence: 4.33 yr
  • Median Home Sales Price: $171,656
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 35%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lockport, IL
Median Age: 34.81 Married: 36% Number of Households: 9,217 Households with Children: 3,567
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 Lockport, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Oak Prairie Jr High School 0.5 mi Public 6-8 4 3
      Reed Elem School 1.6 mi Public 2-3 3-5 4
      Walsh Elem School 1.7 mi Public PRESCHOOL-1 0 5
      Lockport Township High Sch East 2.2 mi Public 9-12 4 4
      Ludwig Elem School 2.2 mi Public 4-5 4-5 4
      Luther J Schilling School 2.3 mi Public PRESCHOOL-4 4-5 4
      William E Young School 2.5 mi Public K-4 4 0
      Kelvin Grove Jr High School 2.7 mi Public 4-8 3-5 4
      William J Butler School 2.7 mi Public K-4 4 5
      St Joseph School 2.8 mi Catholic PRESCHOOL-8 0 4
      Milne Grove Elementary School 2.8 mi Public PRESCHOOL-3 3 4
      Bobbie Noonans Child Care Ii 3.0 mi Private PRESCHOOL-K 0 0
      Bobbie Noonan's Child Care 3.0 mi Private K-K 0 0
      St Dennis 3.3 mi Catholic PRESCHOOL-8 0 4
      Bobbie Noonans Child Care 3.6 mi Private PRESCHOOL-K 0 0
      Taft Grade School 3.6 mi Public K-8 1 4
      Romeoville High School 3.7 mi Public 9-12 2 2
      Goodings Grove School 4.0 mi Public K-4 4-5 5
      Irene King Elem School 4.2 mi Public K-5 2-5 3
      Homer Jr High School 4.3 mi Public 7-8 4-5 4
      Hadley Middle School 4.4 mi Public 5-6 4 4
      Robert C Hill Elem School 4.4 mi Public K-5 2-5 4
      Sch Of Exp Arts & Learn South 4.4 mi Private - 0 0
      St Andrew The Apostle School 4.5 mi Catholic PRESCHOOL-8 0 4
      Wilco Area Career Center 4.6 mi Public 11-12 0 0
      Romeoville Christian Academy 4.6 mi Private PRESCHOOL-12 0 4
      Fairmont School 4.7 mi Public PRESCHOOL-8 1 2
      Valley View Early Childhood Cntr 4.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      A Vito Martinez Middle School 4.8 mi Public 6-8 2-5 4
      John J Lukancic Middle School 5.0 mi Public 6-8 2 4
      Skoff Elementary 5.2 mi Public K-5 3 4
      Sandbox Preschool & Child Care 5.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      Little Explorers Christian Montessori 5.9 mi Private PRESCHOOL-K 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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Lockport, 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.