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: $252,500
  • 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 0.7 mi Public 9-12 0 0
      Infinity Math Science And Technology High School 0.7 mi Public 9-12 1 0
      St. Bruno School 1.5 mi Catholic PRESCHOOL-8 0 0
      Frank W Gunsaulus Elementary Scholastic Academy 1.8 mi Public PRESCHOOL-8 3 0
      Eric Solorio Academy High School 2.3 mi Public 9-12 4 0
      Theodore Herzl Elementary School 2.5 mi Public PRESCHOOL-8 0 0
      Collins Academy High School 3.0 mi Public 9-12 0 0
      Joseph Kellman Corporate Community Elementary School 3.3 mi Public PRESCHOOL-8 0 0
      Manley Career Academy High School 3.4 mi Public 9-12 0 0
      Clark Academy Prep Magnet High School 3.4 mi Public 9-12 0 0
      Peace And Education Coalition High School 3.5 mi Public 10-12 0 0
      Providence - St Mel School 3.7 mi Private PRESCHOOL-12 0 0
      Christ The King Jesuit College Preparatory School 3.7 mi Catholic 9-12 0 0
      John Marshall Metropolitan High School 3.8 mi Public 9-12 0 0
      Richards Career Academy High School 3.8 mi Public 9-12 0 0
      Legal Prep Charter Academy 3.8 mi Public 9-12 0 0
      St Barbara Elementary School 4.1 mi Catholic PRESCHOOL-8 0 0
      Simpson Academy High School For Young Women 4.1 mi Public 6-12 0 0
      Raby High School 4.2 mi Public 9-12 0 0
      Phoenix Military Academy High School 4.2 mi Public 9-12 2 0
      Robert Lindblom Math & Science Acad High School 4.2 mi Public 7-12 4 0
      Richard T Crane Medical Preparatory High School 4.2 mi Public 9-9 1 0
      Urban Prep Academy For Young Men - West 4.3 mi Public 9-12 0 0
      Bridgeport Catholic - S Campus 4.4 mi Catholic PRESCHOOL-8 0 0
      Westinghouse High School 4.5 mi Public 9-12 3 0
      Tilden Career Communty Academy High School 4.6 mi Public 9-12 0 0
      Orr Academy High School 4.7 mi Public 9-12 0 0
      St. Ignatius College Prep 4.8 mi Catholic 9-12 0 0
      Jackson A Elementary Language Academy 4.8 mi Public K-8 4 0
      Whitney M Young Magnet High School 4.9 mi Public 7-12 5 0
      Hope College Preparatory High School 5.0 mi Public 9-12 0 0
      Yccs - Youth Connection Charter High School 5.3 mi Public 9-12 0 0
      Milton Brunson Math & Science Specialty Elementary School 5.3 mi Public PRESCHOOL-8 0 0
      Bogan High School 5.4 mi Public 9-12 0 0
      De La Salle Institute 5.4 mi Catholic 9-12 0 0
      Chicago Virtual Charter School 5.5 mi Public K-12 1 0
      Wendell Phillips Academy High School 5.6 mi Public 9-12 0 0
      St Rita Of Cascia High School 5.6 mi Catholic 9-12 0 0
      Urban Prep Academy For Young Men - Englewood 5.8 mi Public 9-12 0 0
      St Angela Elementary School 5.8 mi Catholic PRESCHOOL-8 0 0
      St. Bede The Venerable 5.8 mi Catholic PRESCHOOL-8 0 0
      Wells Community Academy High School 5.9 mi Public 9-12 0 0
      Urban Prep Academy For Young Men - Bronzeville 5.9 mi Public 9-11 0 0
      Josephinum Academy 6.1 mi Catholic 9-12 0 0
      William Jones College Preparatory High School 6.1 mi Public 9-12 5 0
      The Chicago Academy For The Arts 6.2 mi Private 9-12 0 0
      Marine Leadership Academy At Ames 6.3 mi Public 7-12 1 0
      Holy Trinity High School 6.3 mi Catholic 9-12 0 0
      Pathways In Education- Ashburn 6.4 mi Public 9-12 0 0
      Leo Catholic High School 6.7 mi Catholic 9-12 0 0
      New Life Christian School 6.9 mi Private PRESCHOOL-8 0 0
      British International School Of Chicago, Lincoln Park 7.0 mi Private PRESCHOOL-5 0 0
      Walter Payton College Preparatory High School 7.1 mi Public 9-12 5 0
      Kenwood Academy High School 7.3 mi Public 7-12 4 0
      Franklin Elementary Fine Arts Center 7.3 mi Public K-8 3 0
      Neal F Simeon Career Academy High School 7.4 mi Public 9-12 0 0
      St Josaphat School 7.4 mi Catholic PRESCHOOL-8 0 0
      University Of Chicago Laboratory Schools 7.5 mi Private PRESCHOOL-12 0 0
      Lincoln Park Preschool 7.7 mi Private PRESCHOOL-K 0 0
      Latin School Of Chicago Upper 7.7 mi Private PRESCHOOL-12 0 0
      Mother Mcauley Liberal Arts High School 7.9 mi Catholic 9-12 0 0
      Mt Carmel High School 7.9 mi Catholic 9-12 0 0
      Paul Revere Elementary School 7.9 mi Public PRESCHOOL-8 0 0
      Edwin G Foreman High School 7.9 mi Public 9-12 0 0
      Br Rice High School 8.0 mi Catholic 9-12 0 0
      Josephine C Locke Elementary School 8.0 mi Public PRESCHOOL-8 2 0
      St Patrick High School 8.1 mi Catholic 9-12 0 0
      Francis W Parker School 8.1 mi Private PRESCHOOL-12 0 0
      Midwestern Christian Academy 8.2 mi Private PRESCHOOL-8 0 0
      Chicago Academy Adv Tech High School 8.4 mi Public 9-12 0 0
      St John Fisher Elementary School 8.4 mi Catholic PRESCHOOL-8 0 0
      Gordon Tech High School 8.5 mi Catholic 9-12 0 0
      Lane Technical High School 8.5 mi Public 7-12 4 0
      Grover Cleveland Elementary School 8.8 mi Public PRESCHOOL-8 2 0
      Alexander Graham Bell Elementary School 8.8 mi Public PRESCHOOL-8 5 0
      Percy L Julian High School 9.1 mi Public 9-12 0 0
      St Christina School 9.3 mi Catholic PRESCHOOL-8 0 0
      St John Lutheran School 9.3 mi Private PRESCHOOL-8 0 0
      St. Edward 9.4 mi Catholic PRESCHOOL-8 0 0
      Morgan Park Academy 9.7 mi Private PRESCHOOL-12 0 0
      Marist High School 9.9 mi Catholic 9-12 0 0
      Lycee Francais De Chicago 9.9 mi Private PRESCHOOL-12 0 0
      Camelot - Chicago Excel Academy High School 10.1 mi Public 9-12 0 0
      J Giles Elementary School 10.1 mi Public 5-8 0 0
      Chicago Vocational Career Academy High School 10.1 mi Public 9-12 0 0
      St Matthias School 10.2 mi Catholic PRESCHOOL-8 0 0
      Friedrich W Von Steuben Metropolitan Science High School 10.2 mi Public 9-12 4 0
      Ridgewood Community High School 10.2 mi Public 9-12 3 0
      Uplift Community High School 10.4 mi Public 9-12 0 0
      Christian Fenger Academy High School 10.5 mi Public 9-12 0 0
      Northside College Preparatory High School 10.8 mi Public 9-12 5 0
      Bowen High School 10.9 mi Public 9-12 0 0
      St. Hilary School 11.0 mi Catholic PRESCHOOL-8 0 0
      Chicago Collegiate Charter School 11.7 mi Public 4-11 0 0
      Hyman Rickover Naval Academy High School 11.7 mi Public 9-12 2 0
      Immaculate Conception School 11.8 mi Catholic PRESCHOOL-8 0 0
      Hanna Sacks Bais Yaakov High School 11.9 mi Private 9-12 0 0
      Resurrection High School 12.1 mi Catholic 9-12 0 0
      St. Thecla 12.2 mi Catholic PRESCHOOL-8 0 0
      Stephen F Gale Elementary Community Academy 13.8 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.