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: 2,735,230
  • Median Age: 36.76 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 12,015/sq mi
  • Population Change Since 2000: -5.11%
  • 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: $58,655
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $287,500
  • Closest Major Sports Team: Chicago Bulls
  • Change Avg. Household Income Since 2000: 64.37%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Chicago, IL
Median Age: 36.76 Married: 27% Number of Households: 1,069,981 Households with Children: 252,597
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
      Emiliano Zapata Elementary Academy 0.6 mi Public PRESCHOOL-8 4
      John C Burroughs Elementary School 1.8 mi Public PRESCHOOL-8 4
      Acero Charter School - Spc Daniel Zizumbo 2.1 mi Public K-8 3
      Eric Solorio Academy High School 3.0 mi Public 9-12 4
      Acero Charter School - Rufino Tamayo 3.1 mi Public K-8 3
      Noble Street Charter - Uic College Prep 3.2 mi Public 9-12 4
      Mark Twain Elementary School 3.2 mi Public PRESCHOOL-8 4
      Noble Street Charter - Chicago Bulls College Prep 3.7 mi Public 9-12 4
      Stem Magnet Academy Elementary School 3.7 mi Public K-8 5
      Kipp One Academy 3.9 mi Public K-8 3
      Jackson A Elementary Language Academy 4.2 mi Public K-8 4
      Whitney M Young Magnet High School 4.2 mi Public 7-12 5
      Ellen Mitchell Elementary School 4.3 mi Public PRESCHOOL-8 4
      Galileo Math & Science Scholastic Academy Es 4.3 mi Public K-8 4
      John H Kinzie Elementary School 4.3 mi Public PRESCHOOL-8 4
      Robert Healy Elementary School 4.3 mi Public K-8 4
      Mark Sheridan Elementary Math & Science Academy 4.4 mi Public K-8 4
      Mark Skinner West Elementary School 4.5 mi Public PRESCHOOL-8 5
      James Ward Elementary School 4.6 mi Public PRESCHOOL-8 4
      Robert Lindblom Math & Science Acad High School 4.7 mi Public 7-12 4
      Azuela Elementary School 4.7 mi Public PRESCHOOL-8 3
      John Charles Haines Elementary School 4.8 mi Public PRESCHOOL-8 5
      Christopher Columbus Elementary School 4.8 mi Public PRESCHOOL-8 4
      Lasalle Ii Magnet Elementary School 5.2 mi Public PRESCHOOL-8 5
      Noble Street Charter - Noble Street College Prep 5.3 mi Public 9-12 4
      Noble Street Charter - Pritzker College Prep 5.3 mi Public 9-12 4
      South Loop Elementary School 5.3 mi Public PRESCHOOL-8 4
      Pritzker Elementary School 5.3 mi Public PRESCHOOL-8 4
      Noble Street Charter - Itw David Speer Academy 5.8 mi Public 9-12 3
      Noble Street Charter - Muchin College Prep 5.9 mi Public 9-12 3
      Jonathan Burr Elementary School 5.9 mi Public K-8 4
      Pulaski International School Of Chicago 5.9 mi Public PRESCHOOL-8 4
      Skinner North Elementary School 6.2 mi Public K-8 5
      Noble Street Charter - The Noble Academy 6.3 mi Public 9-12 4
      Walter Payton College Preparatory High School 6.4 mi Public 9-12 5
      Horizon Science Academy Charter School - Belmont 6.4 mi Public K-8 3
      Chicago International Charter - Washington Park 6.5 mi Public K-8 3
      Oscar F Mayer Elementary School 6.8 mi Public PRESCHOOL-8 5
      Lasalle Elementary Language Academy 6.9 mi Public K-8 4
      Lincoln Park High School 6.9 mi Public 9-12 4
      William H Prescott Elementary School 6.9 mi Public K-8 4
      Acero Charter School - Carlos Fuentes 7.0 mi Public K-8 3
      Federico Garcia Lorca Elementary School 7.0 mi Public PRESCHOOL-8 3
      Elm Middle School 7.1 mi Public 7-8 4
      Lincoln Elementary School 7.3 mi Public K-8 5
      Kenwood Academy High School 7.3 mi Public 7-12 4
      Devry Advantage Academy High School 7.3 mi Public 11-12 4
      Augustus H Burley Elementary School 7.5 mi Public K-8 5
      Louis A Agassiz Elementary School 7.5 mi Public PRESCHOOL-8 4
      Louisa May Alcott College Preparatory Elementary School 7.5 mi Public PRESCHOOL-8 5
      Lane Technical High School 7.7 mi Public 7-12 4
      Disney Ii Elementary School 7.8 mi Public PRESCHOOL-6 4
      Disney Ii Magnet High School 7.9 mi Public 7-12 4
      Alexander Hamilton Elementary School 7.9 mi Public PRESCHOOL-8 4
      Bell Elementary School 7.9 mi Public PRESCHOOL-8 5
      Hawthorne Elementary Scholastic Academy 8.0 mi Public K-8 5
      Lenart Elementary Regional Gifted Center 8.1 mi Public PRESCHOOL-8 5
      Kate S Kellogg Elementary School 8.2 mi Public K-8 4
      Louis Nettelhorst Elementary School 8.2 mi Public PRESCHOOL-8 4
      John C Coonley Elementary School 8.4 mi Public K-8 5
      Norman A Bridge Elementary School 8.6 mi Public PRESCHOOL-8 4
      Southwest Elementary School 8.7 mi Public K-5 4
      Horace Greeley Elementary School 8.8 mi Public PRESCHOOL-8 4
      Thomas J Waters Elementary School 8.9 mi Public K-8 4
      Ravenswood Elementary School 8.9 mi Public PRESCHOOL-8 4
      James E Mcdade Elementary Classical School 9.0 mi Public K-6 5
      Walt Disney Magnet Elementary School 9.2 mi Public PRESCHOOL-8 4
      Turner-drew Elementary Language Academy 9.2 mi Public K-8 4
      Thomas A Edison Regional Gifted Center Elementary School 9.2 mi Public K-8 5
      Arthur E Canty Elementary School 9.3 mi Public PRESCHOOL-8 4
      Friedrich W Von Steuben Metropolitan Science High School 9.4 mi Public 9-12 4
      Jean Baptiste Beaubien Elementary School 9.4 mi Public PRESCHOOL-8 4
      J Giles Elementary School 9.5 mi Public 5-8 4
      Union Ridge Elementary School 9.5 mi Public PRESCHOOL-8 4
      Lyman A Budlong Elementary School 9.6 mi Public PRESCHOOL-8 4
      Eliza Chappell Elementary School 9.8 mi Public PRESCHOOL-8 4
      Annie Keller Elementary Gifted Magnet School 9.9 mi Public 1-8 5
      Mount Greenwood Elementary School 9.9 mi Public PRESCHOOL-8 5
      Northside College Preparatory High School 9.9 mi Public 9-12 5
      Minnie Mars Jamieson Elementary School 10.2 mi Public PRESCHOOL-8 4
      John W Garvy Elementary School 10.2 mi Public K-8 4
      J Leigh Elementary School 10.4 mi Public K-4 4
      William Howard Taft High School 10.6 mi Public 7-12 4
      Sauganash Elementary School 10.6 mi Public K-8 5
      Earhart Elementary Options For Knowledge School 10.7 mi Public K-8 4
      Oriole Park Elementary School 10.7 mi Public PRESCHOOL-8 5
      Hannah G Solomon Elementary School 10.8 mi Public PRESCHOOL-8 4
      Pennoyer Elementary School 11.0 mi Public K-8 4
      Stone Elementary Scholastic Academy 11.0 mi Public K-8 4
      Everett Mckinley Dirksen Elementary School 11.1 mi Public PRESCHOOL-8 4
      Norwood Park Elementary School 11.1 mi Public PRESCHOOL-8 4
      Edgar Allan Poe Classical Elementary School 11.2 mi Public K-7 5
      Edgebrook Elementary School 11.3 mi Public K-8 5
      William J Onahan Elementary School 11.3 mi Public PRESCHOOL-8 4
      West Ridge Elementary School 11.4 mi Public PRESCHOOL-8 3
      Hamlin Upper Grade Center 11.5 mi Public 6-8 4
      Edison Park Elementary School 11.7 mi Public K-8 4
      Wildwood Elementary School 12.0 mi Public K-8 5
      Philip Rogers Elementary School 12.3 mi Public PRESCHOOL-8 4
      Christian Ebinger Elementary School 12.3 mi Public K-8 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.
      Local Weather for Chicago, IL
        Data powered by Attom Data Solutions. Copyright© 2021. 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.
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