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: 2,781,445
  • Median Age: 37.04 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 12,207/sq mi
  • Population Change Since 2000: -3.51%
  • 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: $63,374
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $310,000
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: 77.5%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Chicago, IL
Median Age: 37.04 Married: 28% Number of Households: 1,090,309 Households with Children: 253,383
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
      Acero Charter School - Spc Daniel Zizumbo 2.1 mi Public K-8 3
      Edward Everett Elementary School 2.3 mi Public PRESCHOOL-5 4
      Acero Charter School - Brighton Park 2.4 mi Public K-8 3
      Orozco Fine Arts & Sciences Elementary School 2.9 mi Public PRESCHOOL-8 4
      Acero Charter School - Rufino Tamayo 3.1 mi Public K-8 3
      Sor Juana Elementary School 3.4 mi Public K-5 3
      Westinghouse College Preparatory 3.7 mi Public 9-12 3
      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
      Chicago High School For The Arts 4.5 mi Public 9-12 3
      James Ward Elementary School 4.6 mi Public PRESCHOOL-8 4
      John Hancock College Preparatory High School 4.7 mi Public 9-12 4
      Robert Lindblom Math & Science Acad High School 4.7 mi Public 7-12 5
      Azuela Elementary School 4.7 mi Public PRESCHOOL-8 3
      John Charles Haines Elementary School 4.8 mi Public PRESCHOOL-8 4
      Lasalle Ii Magnet Elementary School 5.2 mi Public PRESCHOOL-8 5
      Bronzeville Classical Elementary School 5.2 mi Public K-5 5
      Noble Street Charter - Pritzker College Preparatory 5.3 mi Public 9-12 3
      South Loop Elementary School 5.3 mi Public PRESCHOOL-8 4
      Pritzker Elementary School 5.3 mi Public PRESCHOOL-8 5
      William Jones College Preparatory High School 5.5 mi Public 9-12 5
      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
      Walter Payton College Preparatory High School 6.4 mi Public 9-12 5
      William B Ogden Elementary School 6.5 mi Public K-4 3
      Franklin Elementary Fine Arts Center 6.6 mi Public K-8 4
      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 5
      William H Prescott Elementary School 6.9 mi Public K-8 4
      Intrinsic Charter High School 7.0 mi Public 7-12 3
      Marvin Camras Elementary School 7.1 mi Public PRESCHOOL-8 3
      Lincoln Elementary School 7.3 mi Public K-8 5
      Kenwood Academy High School 7.3 mi Public 7-12 5
      Devry Advantage Academy High School 7.3 mi Public 11-12 4
      Augustus H Burley Elementary School 7.5 mi Public K-8 5
      Tubman Elementary School 7.5 mi Public PRESCHOOL-8 4
      Louisa May Alcott College Preparatory Elementary School 7.5 mi Public PRESCHOOL-8 4
      Lane Technical High School 7.7 mi Public 7-12 5
      Chicago Academy Elementary School 7.7 mi Public PRESCHOOL-8 4
      John J Audubon Elementary School 7.7 mi Public PRESCHOOL-8 4
      Disney Ii Elementary School 7.8 mi Public PRESCHOOL-6 4
      Chicago International Charter - Irving Park 7.8 mi Public K-8 3
      Disney Ii Magnet High School 7.9 mi Public 7-12 4
      Alexander Hamilton Elementary School 7.9 mi Public PRESCHOOL-8 5
      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
      Ole A Thorp Elementary Scholastic Academy 8.1 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
      James G Blaine Elementary School 8.4 mi Public PRESCHOOL-8 5
      Southwest Elementary School 8.7 mi Public K-5 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
      Ernst Prussing Elementary School 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
      Chicago International Charter - Avalon/south Shore 9.6 mi Public K-8 3
      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
      James B Farnsworth Elementary School 10.0 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
      Helen Peirce International Studies Es 10.5 mi Public PRESCHOOL-8 4
      William Howard Taft High School 10.6 mi Public 7-12 4
      Sauganash Elementary School 10.6 mi Public K-8 5
      Oriole Park Elementary School 10.7 mi Public PRESCHOOL-8 4
      Hannah G Solomon Elementary School 10.8 mi Public PRESCHOOL-8 5
      Pennoyer Elementary School 11.0 mi Public K-8 4
      Stone Elementary Scholastic Academy 11.0 mi Public K-8 5
      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-8 4
      Edgebrook Elementary School 11.3 mi Public K-8 4
      Gwendolyn Brooks College Preparatory Academy High School 11.5 mi Public 7-12 5
      Edison Park Elementary School 11.7 mi Public K-8 4
      Stephen Decatur Classical Elementary School 11.9 mi Public K-8 5
      Wildwood Elementary School 12.0 mi Public K-8 5
      George Armstrong International Studi Elementary School Elementary School 12.1 mi Public PRESCHOOL-8 4
      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© 2022. 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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