Real Estate Market Update for Skokie, IL

Video: Real Estate Community Tour for Skokie, IL

See Real estate community tour for Skokie, IL
Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 13% from one year earlier, and up 3% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 1%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 250-thousand dollars. The number of units sold increased 26% year-over-year, and increased 79% 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 Skokie, IL
Area Information for Skokie, IL
  • Population: 65,004
  • Median Age: 42.08 yr
  • Median Commute Time: 25.42 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 6,460/sq mi
  • Population Change Since 2000: 2.56%
  • Closest Airport: Chicago O'hare International
  • Closest College: Knowledge Systems Institute
  • Closest Jr. College: Northwestern Business College
  • Median Household Income: $69,357
  • Annual Residential Turnover: 12.71%
  • Median Years in Residence: 4.4 yr
  • Median Home Sales Price: $182,500
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 19%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Skokie, IL
Median Age: 42.08 Married: 37% Number of Households: 23,972 Households with Children: 7,494
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 Skokie, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Arie Crown Hebrew Day School 0.1 mi Private PRESCHOOL-8 0 5
      Att Ptach Special Education Program 0.1 mi Private K-8 0 0
      Ombudsman Educational Services 0.2 mi Private 10-12 0 0
      Swift Child Care Center 0.5 mi Private PRESCHOOL-5 0 0
      Madison Elementary School 0.6 mi Public PRESCHOOL-2 0 4
      St Peter Elementary School 0.7 mi Catholic PRESCHOOL-8 0 5
      Elizabeth Meyer School 0.7 mi Public PRESCHOOL-K 0 0
      Skokie Montessori School Inc 0.7 mi Private PRESCHOOL-4 0 0
      Devonshire Elementary School 0.8 mi Public K-5 3 0
      St Paul Lutheran Academy 0.9 mi Private PRESCHOOL-8 0 0
      Lincoln Jr High School 0.9 mi Public 6-8 2-5 3
      Solomon Schechter Day School 1.0 mi Private PRESCHOOL-2 0 0
      Old Orchard Jr High School 1.0 mi Public 6-8 3-5 4
      Oliver Mccracken Middle School 1.1 mi Public 6-8 4 4
      Tiny Tot Preschool & Kindergarten 1.2 mi Private PRESCHOOL-K 0 0
      Jane Stenson School 1.2 mi Public K-5 3 3
      Cheder Lubavitch Hebrew Day School 1.3 mi Private PRESCHOOL-8 0 5
      East Prairie Elementary School 1.4 mi Public PRESCHOOL-8 4 4
      Dr Bessie Rhodes Magnet School 1.4 mi Public K-8 4-5 4
      John Middleton Elementary School 1.5 mi Public 1-5 4 5
      Niles West High School 1.5 mi Public 9-12 4 4
      Gesher Hatorah 1.7 mi Private K-6 0 0
      Highland Elementary School 1.7 mi Public K-5 3 5
      Niles Central 1.8 mi Public 9-12 0 5
      Niles North High School 1.8 mi Public 9-12 4 4
      Orchard Academy 1.8 mi Private 12-12 0 0
      Hillel Torah North Suburban Day School 1.8 mi Private PRESCHOOL-8 0 0
      Fasman Yeshiva High School 1.9 mi Private 9-12 0 4
      Fairview South Elementary School 1.9 mi Public K-8 4-5 5
      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 Skokie, 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.