Real Estate Market Update for Orland Park, IL

Video: Real Estate Community Tour for Orland Park, IL

See Real estate community tour for Orland Park, IL
Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 6% from one year earlier, and down 4% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 270-thousand dollars. The number of units sold decreased 53% year-over-year, and decreased 43% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 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
    • 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 K-2 0 4
      Kindercare Learning Center 0.4 mi Private PRESCHOOL-K 0 0
      Sandbox Learning Center 0.7 mi Private PRESCHOOL-K 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
      Misol Montessori Pre-school 2.3 mi Private PRESCHOOL-3 0 0
      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
      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: and Onboard Informatics © 2015
      Local Weather for Orland Park, 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.