Real Estate Market Update for Chicago, IL
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 10% from one year earlier, and did not change 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 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 270-thousand dollars. The number of units sold decreased 9% 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.
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Map Information for Chicago, IL

Area Information for Chicago, IL
  • Population: 2,755,380
  • Median Age: 36.07 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 12,104/sq mi
  • Population Change Since 2000: -4.41%
  • Closest Airport: Chicago Midway International
  • Closest College: University Of Il-college Of Medicine
  • Closest Jr. College: Malcolm X College-city Clgs Chicago
  • Median Household Income: $53,088
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $280,000
  • Closest Major Sports Team: Chicago Bulls
  • Change Avg. Household Income Since 2000: 47.93%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Chicago, IL
Median Age: 36.07 Married: 28% Number of Households: 1,077,063 Households with Children: 264,155
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 Chicago, IL

      School Name Distance Type Grades School Rating Parent Rating
      Greater Lawndale High School For Social Justice 0.5 mi Public 9-12 0 0
      Infinity Math Science And Technology High School 0.5 mi Public 9-12 1 0
      Theodore Herzl Elementary School 1.7 mi Public PRESCHOOL-8 0 0
      Collins Academy High School 2.2 mi Public 9-12 0 0
      Frank W Gunsaulus Elementary Scholastic Academy 2.2 mi Public PRESCHOOL-8 3 0
      St. Bruno School 2.3 mi Catholic PRESCHOOL-8 0 0
      Joseph Kellman Corporate Community Elementary School 2.5 mi Public PRESCHOOL-8 0 0
      Manley Career Academy High School 2.6 mi Public 9-12 0 0
      Clark Academy Prep Magnet High School 2.8 mi Public 9-12 0 0
      Providence - St Mel School 2.8 mi Private PRESCHOOL-12 0 0
      John Marshall Metropolitan High School 2.9 mi Public 9-12 0 0
      Christ The King Jesuit College Preparatory School 3.0 mi Catholic 9-12 0 0
      Legal Prep Charter Academy 3.0 mi Public 9-12 0 0
      Eric Solorio Academy High School 3.1 mi Public 9-12 4 0
      Raby High School 3.3 mi Public 9-12 0 0
      Phoenix Military Academy High School 3.4 mi Public 9-12 2 0
      Simpson Academy High School For Young Women 3.4 mi Public 6-12 0 0
      Richard T Crane Medical Preparatory High School 3.5 mi Public 9-9 1 0
      Westinghouse High School 3.7 mi Public 9-12 3 0
      St Barbara Elementary School 3.7 mi Catholic PRESCHOOL-8 0 0
      Peace And Education Coalition High School 3.8 mi Public 10-12 0 0
      Orr Academy High School 3.9 mi Public 9-12 0 0
      Richards Career Academy High School 4.0 mi Public 9-12 0 0
      Jackson A Elementary Language Academy 4.1 mi Public K-8 4 0
      St. Ignatius College Prep 4.2 mi Catholic 9-12 0 0
      Whitney M Young Magnet High School 4.2 mi Public 7-12 5 0
      Bridgeport Catholic - S Campus 4.3 mi Catholic PRESCHOOL-8 0 0
      Mark Skinner West Elementary School 4.5 mi Public PRESCHOOL-8 5 0
      Milton Brunson Math & Science Specialty Elementary School 4.6 mi Public PRESCHOOL-8 0 0
      Tilden Career Communty Academy High School 4.7 mi Public 9-12 0 0
      Robert Lindblom Math & Science Acad High School 4.7 mi Public 7-12 4 0
      Chicago Virtual Charter School 4.9 mi Public K-12 1 0
      Wells Community Academy High School 5.1 mi Public 9-12 0 0
      St Angela Elementary School 5.2 mi Catholic PRESCHOOL-8 0 0
      De La Salle Institute 5.2 mi Catholic 9-12 0 0
      Josephinum Academy 5.3 mi Catholic 9-12 0 0
      Hope College Preparatory High School 5.3 mi Public 9-12 0 0
      Marine Leadership Academy At Ames 5.4 mi Public 7-12 1 0
      The Chicago Academy For The Arts 5.5 mi Private 9-12 0 0
      Wendell Phillips Academy High School 5.5 mi Public 9-12 0 0
      Holy Trinity High School 5.5 mi Catholic 9-12 0 0
      William Jones College Preparatory High School 5.5 mi Public 9-12 5 0
      Urban Prep Academy For Young Men - Bronzeville 5.7 mi Public 9-11 0 0
      Urban Prep Academy For Young Men - Englewood 6.1 mi Public 9-12 0 0
      New Life Christian School 6.1 mi Private PRESCHOOL-8 0 0
      Bogan High School 6.2 mi Public 9-12 0 0
      British International School Of Chicago, Lincoln Park 6.2 mi Private PRESCHOOL-5 0 0
      St Rita Of Cascia High School 6.3 mi Catholic 9-12 0 0
      Walter Payton College Preparatory High School 6.4 mi Public 9-12 5 0
      Franklin Elementary Fine Arts Center 6.6 mi Public K-8 3 0
      St Josaphat School 6.6 mi Catholic PRESCHOOL-8 0 0
      St. Bede The Venerable 6.7 mi Catholic PRESCHOOL-8 0 0
      Lincoln Park Preschool 6.9 mi Private PRESCHOOL-K 0 0
      Latin School Of Chicago Upper 7.0 mi Private PRESCHOOL-12 0 0
      Pathways In Education- Ashburn 7.2 mi Public 9-12 0 0
      Edwin G Foreman High School 7.2 mi Public 9-12 0 0
      Leo Catholic High School 7.3 mi Catholic 9-12 0 0
      Kenwood Academy High School 7.3 mi Public 7-12 4 0
      Francis W Parker School 7.3 mi Private PRESCHOOL-12 0 0
      St Patrick High School 7.4 mi Catholic 9-12 0 0
      Josephine C Locke Elementary School 7.4 mi Public PRESCHOOL-8 2 0
      Midwestern Christian Academy 7.4 mi Private PRESCHOOL-8 0 0
      Augustus H Burley Elementary School 7.5 mi Public K-8 5 0
      Gordon Tech High School 7.7 mi Catholic 9-12 0 0
      University Of Chicago Laboratory Schools 7.7 mi Private PRESCHOOL-12 0 0
      Lane Technical High School 7.7 mi Public 7-12 4 0
      Chicago Academy Adv Tech High School 7.7 mi Public 9-12 0 0
      Neal F Simeon Career Academy High School 7.9 mi Public 9-12 0 0
      Grover Cleveland Elementary School 7.9 mi Public PRESCHOOL-8 2 0
      Alexander Graham Bell Elementary School 7.9 mi Public PRESCHOOL-8 5 0
      Mt Carmel High School 8.1 mi Catholic 9-12 0 0
      Paul Revere Elementary School 8.2 mi Public PRESCHOOL-8 0 0
      St John Lutheran School 8.6 mi Private PRESCHOOL-8 0 0
      St. Edward 8.6 mi Catholic PRESCHOOL-8 0 0
      Mother Mcauley Liberal Arts High School 8.7 mi Catholic 9-12 0 0
      Evergreen Park High School 8.7 mi Public 9-12 3 0
      Br Rice High School 8.8 mi Catholic 9-12 0 0
      Lycee Francais De Chicago 9.1 mi Private PRESCHOOL-12 0 0
      St John Fisher Elementary School 9.2 mi Catholic PRESCHOOL-8 0 0
      St Matthias School 9.4 mi Catholic PRESCHOOL-8 0 0
      Friedrich W Von Steuben Metropolitan Science High School 9.4 mi Public 9-12 4 0
      Uplift Community High School 9.6 mi Public 9-12 0 0
      Ridgewood Community High School 9.6 mi Public 9-12 3 0
      Percy L Julian High School 9.8 mi Public 9-12 0 0
      Northside College Preparatory High School 9.9 mi Public 9-12 5 0
      St Christina School 10.1 mi Catholic PRESCHOOL-8 0 0
      St. Hilary School 10.2 mi Catholic PRESCHOOL-8 0 0
      Morgan Park Academy 10.4 mi Private PRESCHOOL-12 0 0
      Chicago Vocational Career Academy High School 10.5 mi Public 9-12 0 0
      Marist High School 10.7 mi Catholic 9-12 0 0
      Camelot - Chicago Excel Academy High School 10.8 mi Public 9-12 0 0
      Hyman Rickover Naval Academy High School 10.9 mi Public 9-12 2 0
      Hanna Sacks Bais Yaakov High School 11.1 mi Private 9-12 0 0
      Immaculate Conception School 11.1 mi Catholic PRESCHOOL-8 0 0
      Christian Fenger Academy High School 11.2 mi Public 9-12 0 0
      Bowen High School 11.2 mi Public 9-12 0 0
      Resurrection High School 11.5 mi Catholic 9-12 0 0
      St. Thecla 11.5 mi Catholic PRESCHOOL-8 0 0
      Chicago Collegiate Charter School 12.3 mi Public 4-11 0 0
      Stephen F Gale Elementary Community Academy 12.9 mi Public PRESCHOOL-8 0 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.
      Local Weather for Chicago, IL
        Data powered by Attom Data Solutions. Copyright© 2020. Information 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.