Real Estate Market Update for Romeoville, IL

Video: Real Estate Community Tour for Romeoville, IL

See Real estate community tour for Romeoville, 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 29% from one year earlier, and down 18% 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 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 5%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 160-thousand dollars. The number of units sold decreased 16% year-over-year, and increased 30% 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 Romeoville, IL
Area Information for Romeoville, IL
  • Population: 40,290
  • Median Age: 30.59 yr
  • Median Commute Time: 29.78 mins
  • Educational Climate*: 3
  • Sales Tax: 8.5%
  • Population Density: 2,185/sq mi
  • Population Change Since 2000: 86.39%
  • Closest Airport: Chicago Midway International
  • Closest College: Lewis University
  • Closest Jr. College: Joliet Junior College
  • Median Household Income: $68,499
  • Annual Residential Turnover: 18.15%
  • Median Years in Residence: 3.71 yr
  • Median Home Sales Price: $120,345
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Romeoville, IL
Median Age: 30.59 Married: 31% Number of Households: 12,386 Households with Children: 6,128
    • 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 Romeoville, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Romeoville High School 0.8 mi Public 9-12 2 2
      Irene King Elem School 1.4 mi Public K-5 2-5 3
      Ludwig Elem School 1.6 mi Public 4-5 4-5 4
      Wilco Area Career Center 1.9 mi Public 11-12 0 0
      A Vito Martinez Middle School 2.0 mi Public 6-8 2-5 4
      St Andrew The Apostle School 2.2 mi Catholic PRESCHOOL-8 0 4
      Walsh Elem School 2.2 mi Public PRESCHOOL-1 0 5
      St Joseph School 2.3 mi Catholic PRESCHOOL-8 0 4
      Robert C Hill Elem School 2.3 mi Public K-5 2-5 4
      Milne Grove Elementary School 2.4 mi Public PRESCHOOL-3 3 4
      Romeoville Christian Academy 2.5 mi Private PRESCHOOL-12 0 4
      St Dennis 2.5 mi Catholic PRESCHOOL-8 0 4
      Little Explorers Christian Montessori 2.7 mi Private PRESCHOOL-K 0 0
      Kelvin Grove Jr High School 2.7 mi Public 4-8 3-5 4
      John J Lukancic Middle School 2.7 mi Public 6-8 2 4
      Taft Grade School 2.8 mi Public K-8 1 4
      Valley View Early Childhood Cntr 2.8 mi Public PRESCHOOL-PRESCHOOL 0 0
      Skoff Elementary 2.8 mi Public K-5 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
      Lockport Township High Sch East 3.1 mi Public 9-12 4 4
      Sch Of Exp Arts & Learn South 3.2 mi Private - 0 0
      William J Butler School 3.6 mi Public K-4 4 5
      Fairmont School 3.9 mi Public PRESCHOOL-8 1 2
      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 Romeoville, 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.