Real Estate Market Update for Waukegan, IL
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Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 34% from one year earlier, and down 9% 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 90-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 45%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 80-thousand dollars. The number of units sold decreased 19% year-over-year, and increased 3% 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.
Map Information for Waukegan, IL
Area Information for Waukegan, IL
  • Population: 89,715
  • Median Age: 29.86 yr
  • Median Commute Time: 22.26 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,790/sq mi
  • Population Change Since 2000: 1.19%
  • Closest Airport: Chicago O'hare International
  • Closest College: Rosalind Franklin Univ Of Med-science
  • Closest Jr. College: College Of Lake County
  • Median Household Income: $48,605
  • Annual Residential Turnover: 18.76%
  • Median Years in Residence: 2.64 yr
  • Median Home Sales Price: $69,700
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 14%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Waukegan, IL
Median Age: 29.86 Married: 24% Number of Households: 28,507 Households with Children: 12,921
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 Waukegan, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Allendale-transitional Living 0.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      Allendale Independent Living 0.3 mi Private - 0 0
      Clearview Elementary School 0.6 mi Public PRESCHOOL-5 1 3
      St Anastasia School 0.8 mi Catholic PRESCHOOL-8 0 3
      Greenwood Elementary School 0.8 mi Public K-5 2 4
      Jack Benny Middle School 0.8 mi Public 6-8 1 3
      Glen Flora Elementary School 0.8 mi Public K-5 1 2
      Daniel Webster Middle School 0.8 mi Public 6-8 1 4
      Whittier Elementary School 0.9 mi Public K-5 1 0
      Whittier Elementary 0.9 mi Public K-5 0 0
      Glenwood Elementary School 0.9 mi Public K-5 1 4
      Oakdale Elementary School 1.0 mi Public K-5 1 3
      Little Fort Elementary School 1.0 mi Public K-5 2 5
      Lions Mathematics & Science Christian Academy 1.2 mi Private PRESCHOOL-6 0 0
      John S Clark Elementary School 1.2 mi Public K-5 1 4
      Immanuel Evangelical School 1.2 mi Private PRESCHOOL-8 0 4
      Hyde Park Elementary School 1.3 mi Public K-5 1 4
      North Elementary School 1.4 mi Public K-5 2 3
      Waukegan High School 1.5 mi Public 9-12 1 3
      Miguel Juarez Middle School 1.5 mi Public 6-8 1 4
      Epic North Shore School 1.6 mi Public PRESCHOOL-PRESCHOOL 0 0
      Most Blessed Trinity Academy 1.6 mi Catholic PRESCHOOL-8 0 0
      Allendale Becker House 1.6 mi Private - 0 0
      Robert E Abbott Middle School 1.7 mi Public 6-8 1 4
      Waukegan H S Ninth Grade Ctr 1.8 mi Public 9-9 0 0
      Lake County Baptist School 1.8 mi Private PRESCHOOL-12 0 4
      Alternative Optional Edu Center 1.9 mi Public 7-12 0 0
      Washington Elementary School 2.0 mi Public K-5 2-5 5
      Allendale Walter Cherry 2.0 mi Private - 0 0
      Andrew Cooke Magnet Elementary School 2.2 mi Public K-5 2-5 5
      Early Learning Center 2.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      St Martin De Porres High School 2.4 mi Catholic 9-12 0 0
      Thomas Jefferson Middle School 2.5 mi Public 6-8 1 3
      H R Mccall Elementary School 2.5 mi Public K-5 1 4
      Carman-buckner Elementary School 2.6 mi Public K-5 1 0
      Howe Elementary School 2.7 mi Public K-5 1 4
      Lyon Magnet Elementary School 2.8 mi Public K-5 1 4
      Epic Shiloh 2.9 mi Public PRESCHOOL-PRESCHOOL 0 0
      Shelia Daniels Christian Academy 3.1 mi Private PRESCHOOL-8 0 3
      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 Waukegan, 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.