Real Estate Market Update for Western Springs, IL

Video: Real Estate Community Tour for Western Springs, IL

See Real estate community tour for Western Springs, IL
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 11% from one year earlier, and down 17% 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 800-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 630-thousand dollars. The number of units sold decreased 29% year-over-year, and decreased 23% 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 Western Springs, IL
Area Information for Western Springs, IL
  • Population: 12,943
  • Median Age: 44.89 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 4,635/sq mi
  • Population Change Since 2000: 5.91%
  • Closest Airport: Chicago Midway International
  • Closest College: Itt Technical Institute-oak Brook
  • Closest Jr. College: Triton College
  • Median Household Income: $137,298
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $550,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 44.16%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Western Springs, IL
Median Age: 44.89 Married: 55% Number of Households: 4,388 Households with Children: 1,913
    • 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 Western Springs, IL

      School Name Distance Type Grades School Rating Parent Rating
      Sunflower Montessori School 0.6 mi Private PRESCHOOL-K 0 0
      St. John Of The Cross 0.6 mi Catholic PRESCHOOL-8 0 0
      St Cletus Elementary School 0.6 mi Catholic PRESCHOOL-8 0 0
      Wm F Gurrie Middle School 0.6 mi Public 7-8 4 0
      Spring Ave Elementary School 0.6 mi Public K-6 5 0
      St Johns Lutheran School 0.7 mi Private PRESCHOOL-8 0 0
      Creative World Montessori School 0.7 mi Private PRESCHOOL-K 0 0
      Forest Hills Elementary School 0.9 mi Public K-5 5 0
      Highlands Elementary School 0.9 mi Public PRESCHOOL-5 4 0
      Highlands Middle School 1.0 mi Public 6-8 5 2
      Field Park Elementary School 1.1 mi Public K-5 5 0
      Seventh Ave Elementary School 1.1 mi Public K-6 4 0
      Lyons Twp High School 1.2 mi Public 9-12 5 4
      Ideal Elementary School 1.3 mi Public PRESCHOOL-6 3 0
      Mcclure Jr High School 1.3 mi Public 6-8 5 0
      Cossitt Ave Elementary School 1.4 mi Public K-6 5 0
      Helping Hand School 1.4 mi Private UNGRADE-UNGRADE 0 0
      Montessori Sch Of Western Springs 1.4 mi Private PRESCHOOL-K 0 0
      St Francis Xavier School 1.6 mi Catholic PRESCHOOL-1 0 0
      St. Francis Xavier 1.6 mi Catholic PRESCHOOL-8 0 0
      Kensington School Of Lagrange 1.6 mi Private PRESCHOOL-K 0 0
      Ogden Ave Elementary School 1.6 mi Public K-6 5 0
      Acacia Academy 1.6 mi Private 1-12 0 0
      John Laidlaw Elementary School 1.7 mi Public K-5 5 0
      Ombudsman Educational Services - Lyons Plus 1.8 mi Private 9-12 0 0
      Hodgkins Elementary School 2.5 mi Public K-6 2 0
      Pleasantdale Elementary School 3.8 mi Public PRESCHOOL-4 4 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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Western Springs, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.