Real Estate Market Update for Orland Park, IL
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Welcome to October'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 8% from one year earlier, and down 10% 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 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 37%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 180-thousand dollars. The number of units sold decreased 16% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. 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.
Map Information for Orland Park, IL
Area Information for Orland Park, IL
  • Population: 56,971
  • Median Age: 44.33 yr
  • Median Commute Time: 30.79 mins
  • Educational Climate*: 4
  • Sales Tax: 8.75%
  • Population Density: 2,604/sq mi
  • Population Change Since 2000: 8.3%
  • Closest Airport: Chicago Midway International
  • Closest College: Itt Technical Institute-orland Park
  • Closest Jr. College: Moraine Valley Community College
  • Median Household Income: $80,808
  • Annual Residential Turnover: 10.79%
  • Median Years in Residence: 4.74 yr
  • Median Home Sales Price: $198,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 17%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Orland Park, IL
Median Age: 44.33 Married: 42% Number of Households: 21,860 Households with Children: 6,955
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 Orland Park, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Orland Center School 0.2 mi Public PRESCHOOL-2 0 4
      Kindercare Learning Center 0.4 mi Private PRESCHOOL-K 0 0
      Sandbox Learning Center 0.7 mi Private PRESCHOOL-6 0 0
      Orland Jr High School 0.7 mi Public 6-8 4 4
      High Point Elementary School 0.7 mi Public 3-5 4 5
      Jerling Junior High School 0.7 mi Public 6-8 4 4
      Liberty Elementary School 0.8 mi Public 3-5 4-5 5
      Orland Park Elementary School 1.0 mi Public PRESCHOOL-3 0 5
      St Michael School 1.1 mi Catholic PRESCHOOL-8 0 4
      Sandbox Early Care & Education 1.8 mi Private PRESCHOOL-K 0 0
      South Subrbn Acadmy Of Early Lrng 1.8 mi Private PRESCHOOL-K 0 0
      Prairie Elementary School 1.8 mi Public K-3 5 5
      Carl Sandburg High School 2.1 mi Public 9-12 5 4
      Century Junior High School 2.1 mi Public 6-8 4-5 4
      Fernway Park Elementary School 2.2 mi Public PRESCHOOL-5 3-5 5
      Meadow Ridge School 2.3 mi Public 3-5 4 5
      Arnold W Kruse Ed Center 2.3 mi Public PRESCHOOL-5 4 5
      Centennial School 2.7 mi Public K-3 5 4
      Mary Sears Childrens Academy 2.9 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Center 3.1 mi Private PRESCHOOL-K 0 0
      Misol Montessori Pre-school 3.9 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 © 2014
      Local Weather for Orland Park, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.