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 36% from one year earlier, and down 14% 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 just under 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 63%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 170-thousand dollars. The number of units sold was consistent year-over-year, and decreased 12% 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.
Show Transcript
Map Information for Evergreen Park, IL
Area Information for Evergreen Park, IL
Population:19,206
Median Age:39.5 yr
Median Commute Time:31 mins
Educational Climate*:4
Sales Tax:0%
Population Density:6,075/sq mi
Population Change Since 2000:-7.76%
Closest Airport:Chicago Midway International
Closest College:Saint Xavier University
Closest Jr. College:Richard J Daley Collge-city Co Chicago
Median Household Income:$77,707
Annual Residential Turnover:0%
Median Home Sales Price:$250,000
Closest Major Sports Team:Chicago White Sox
Change Avg. Household Income Since 2000:47.15%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Evergreen Park, IL
Median Age: 39.5Married: 38%Number of Households: 6,943Households with Children: 2,071
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
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.