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 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 up 20% from one year earlier, and up 7% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 850-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 23%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 740-thousand dollars. The number of units sold decreased 4% year-over-year, and decreased 4% 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: 13,019
  • Median Age: 41.94 yr
  • Median Commute Time: 29.34 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 4,663/sq mi
  • Population Change Since 2000: 5.31%
  • Closest Airport: Chicago Midway International
  • Closest College: Itt Technical Institute-oak Brook
  • Closest Jr. College: Morton College
  • Median Household Income: $133,817
  • Annual Residential Turnover: 8.5%
  • Median Years in Residence: 7.76 yr
  • Median Home Sales Price: $405,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Western Springs, IL
Median Age: 41.94 Married: 47% Number of Households: 4,507 Households with Children: 1,914
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 Western Springs, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St John Of The Cross 0.5 mi Catholic PRESCHOOL-8 0 5
      Sunflower Montessori School 0.6 mi Private PRESCHOOL-K 0 0
      St Cletus School 0.6 mi Catholic PRESCHOOL-8 0 4
      Wm F Gurrie Middle School 0.6 mi Public 7-8 3 5
      Spring Ave Elem School 0.6 mi Public K-6 4-5 5
      St Johns Lutheran School 0.7 mi Private PRESCHOOL-8 0 4
      Creative World Montessori School 0.7 mi Private PRESCHOOL-K 0 0
      Forest Hills Elem School 0.9 mi Public K-5 4-5 5
      Highlands Elem School 0.9 mi Public PRESCHOOL-5 4-5 5
      Kensington School Of The Highlands 1.0 mi Private PRESCHOOL-K 0 0
      Highlands Middle School 1.0 mi Public 6-8 5 5
      Ladse Learning Center 1.1 mi Public PRESCHOOL-PRESCHOOL 0 0
      Seventh Ave Elem School 1.1 mi Public K-6 4 5
      Field Park Elem School 1.1 mi Public K-5 5 5
      Lyons Twp High School 1.2 mi Public 9-12 5 4
      Mcclure Jr High School 1.3 mi Public 6-8 5 4
      Ideal Elem School 1.4 mi Public PRESCHOOL-6 2-5 3
      Cossitt Ave Elem School 1.4 mi Public K-6 4-5 4
      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 1.5 mi Catholic PRESCHOOL-8 0 0
      St Francis Xavier 1.5 mi Catholic PRESCHOOL-8 0 5
      Little Peoples Country 1.5 mi Private PRESCHOOL-K 0 0
      Kensington School Of Lagrange 1.6 mi Private PRESCHOOL-K 0 0
      Acacia Academy 1.6 mi Private 1-12 0 4
      Ogden Ave Elem School 1.6 mi Public K-6 5 4
      John Laidlaw Elem School 1.7 mi Public K-5 5 5
      Ombudsman Educational Services-lyons Plus 1.8 mi Private 9-12 0 0
      Hodgkins Elem School 2.4 mi Public K-6 2-5 4
      Pleasantdale Elementary School 3.8 mi Public PRESCHOOL-4 5 4
      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 Western Springs, 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.