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Chicago Real Estate Overview

Today, July 5, 2009

Market View for Chicago

Info
Avg. Listing Price $466,447 Wk ending Jun 24
-$12,480
-2.6%
w-o-w
Median Sales Price $225,000 Mar '09 - May '09
-$91,500
-28.9%
y-o-y
19,467Homes For Sale 174Open Homes
11,729Recently Sold 15,201Foreclosures

Market Trends for Chicago

Embed Info
Listing price – Chicago
Average Listing Price
$466,447
-2.6%
w-o-w
Median Sales Price
$225,000
-28.9%
y-o-y
Average price/sqft
$115
-40.7%
y-o-y
Number of Sales
5,995
-46.3%
y-o-y
More Chicago Market Trends
Select chart to embed:  
Copy & Paste HTML to embed this graph in your website:

Home Prices for Chicago

Info
google map tile
Most popular
neighborhoods
Avg. listing price
Week ending Jun 24
 
w-o-w

Lakeview
$541,553
-0.4%
Near North Side
$834,616
-2.3%
Lincoln Park
$905,581
-4.5%
DePaul
$857,456
-0.3%
Wicker Park
$596,874
+0.2%
 
Movers & Shakers
Avg. listing price
Week ending Jun 24
 
w-o-w

Avalon Park
$267,918
+42.7%
North Lawndale
$153,748
-12.7%
West Garfield Park
$57,254
-12.0%
South Deering
$89,354
-11.0%
Pullman
$130,060
+11.0%
 
View Chicago Home Prices Map
 

Chicago Summary

Average price per square foot for Chicago IL was $115, a decrease of 40.7% compared to the same period last year. The median sales price for homes in Chicago IL for Mar 09 to May 09 was $225,000 based on 5,995 home sales. Compared to the same period one year ago, the median home sales price decreased 28.9%, or $91,500, and the number of home sales decreased 46.3%.

There are currently 19,467 resale and new homes in Chicago on Trulia, including 174 open houses, as well as 15,201 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Chicago IL was $466,447 for the week ending Jun 24, which represents a decrease of 2.6%, or $12,480, compared to the prior week. Popular neighborhoods in Chicago include Lakeview and Near North Side, with average listing prices of $541,553 and $834,616.

 

Schools in Chicago

Info
DISTRICT
TYPE
GRADES
SCHOOLS
STUDENTS
Central Stickney School District 110
Public
PK - 8
1
460
Chicago Public School District 299
Public
PK - 12
706
407,500
SCHOOL NAME
SCHOOL TYPE
GRADES
PARENT RATING
Franklin Fine Arts Center
Public
K - 8
Burroughs Elementary School
Public
PK - 8
Owen Scholastic Academy
Public
K - 8
Please consult with the school district or a local real estate pro to confirm your eligibility to enroll with a particular district or school.
View all Chicago Schools
 

Community Info for Chicago

Info
More Chicago Community Info

Homes for Sale in Chicago

512 North McClurg Court #2409, Chicago IL
512 N McCl…
$225,000
  1 ba
6507 South Kimbark Avenue #1N, Chicago IL
6507 S Kim…
$349,900
4 br  3 ba
2430 North Lakeview Avenue #7-8S, Chicago IL
2430 N Lak…
$4,495,000
4 br  5 ½ ba
2259 West Rosemont Avenue #G, Chicago IL
2259 W Ros…
$102,900
2 br  2 ba
4038 N Clarendon Avenue #2F, Chicago IL
4038 N Cla…
$439,000
2 br  2 ba
2115 West Farwell Avenue #101, Chicago IL
2115 W Far…
$79,900
2 br  1 ba
View all Chicago Homes for Sale
 
Stats & Trends
Chicago

Real Estate Overview

Market Trends

Schools

Home Prices Map

Community Info

Neighborhoods

Lakeview

Near North Side

View more neighborhoods or ZIPs
  • Albany Park
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  • Near North Side
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  • Washington Heights - Brainerd
  • Washington Park
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  • West Englewood
  • West Garfield Park
  • West Lawn
  • West Pullman
  • West Rogers Park
  • West Town
  • Wicker Park
  • Woodlawn
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  • 60827
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Nearby Cities

Cities
Median
sales price
Average
listing price
Cicero
$75,000
$170,469
Oak Park
$350,000
$368,788
Joliet
$120,000
$200,246
Crest Hill
$155,731
$181,947
Stickney
$130,000
$211,463
Berwyn
$135,000
$210,868
Local Spotlight
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Advice & Opinions

Recent Q&A in Chicago, IL

Q: HELP! Can we still back out of a house purchase if we have signed a sales agreement but not a contract? 6 answers
Q: Hi my name is Susie. I wanted to know about renting a condo/townhome that is in preforeclosure. 1 answer
Q: Are there any differences between pre-qualify and pre-approve? How long will a pre-qualified or approval? 12 answers
Q: In a presentation to a possible client, what does a realtor mean when talking about strong marketing support? 2 answers
Q: In a presentation to a possible client, what does a realtor mean when talking about strong marketing support? 2 answers

Got a real estate question? 

More Advice & Opinions:
  • Recent Q&A in Chicago, IL
  • Recent blog posts in Chicago, IL
  • Find a real estate professional Chicago, IL

Nearby Cities Real Estate

  • Cicero Real Estate
  • Oak Park Real Estate
  • Jefferson Park Real Estate
  • Joliet Real Estate
  • Crest Hill Real Estate
  • Stickney Real Estate

Nearby Cities Sold Homes

  • Cicero Sold Homes
  • Oak Park Sold Homes
  • Jefferson Park Sold Homes
  • Joliet Sold Homes
  • Crest Hill Sold Homes
  • Stickney Sold Homes

Nearby Cities Home Prices

  • Cicero Home Prices
  • Oak Park Home Prices
  • Jefferson Park Home Prices
  • Joliet Home Prices
  • Crest Hill Home Prices
  • Stickney Home Prices

Chicago Stats & Trends

  • Chicago Market Trends
  • Chicago Schools
  • Chicago Community Info
  • Chicago Home Prices
  • Chicago Real Estate
  • Chicago Recently Sold Homes
Chicago real estate—use Trulia to find real estate in Chicago as well real estate in other cities in Illinois. Trulia provides comprehensive real estate guides with up-to-date information about housing prices, latest Chicago real estate trends, market activity, and neighborhood information. Before buying a house in Chicago, research real estate on Trulia. Understanding the Chicago real estate market is your first step to buying a home in Chicago, Illinois. Our real estate guide gives your a valuable overview of the Chicago real estate market—find Chicago properties, sales statistics, real estate price trends, real estate market activity, comparisons of Chicago schools or Illinois schools, and general demographic information for Chicago, IL. Trulia's real estate guide combines a Chicago map with a detailed list of Chicago neighborhoods, ZIP codes, and nearby cities to help kick-start your search for a home in Chicago.

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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.
Homes for Sale includes resale and new homes on Trulia.
Recently Sold is a count of all known arms-length residential sales in the last 9 months according to public records.
Open Homes refers to listings on Trulia with scheduled open house times.
Foreclosures includes properties in the pre-foreclosure, auction, and bank-owned stages of the foreclosure process.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. All sales figures are compared to the same period one year prior.
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About this Info
Most Popular Neighborhoods are calculated each week based on search behavior on the Trulia website.
Movers 'n Shakers are selected based on the week-over-week percentage change in Average Listing Price.
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Parent Reviews
These reviews include feedback from parents, students, former students, administrators and other staff. This feedback may help you further evaluate and compare schools, along with other information such as test scores, academic programs, school resources, classroom and teacher ratios, etc. The reviews are provided by GreatSchools.

Ask a question about this school on Trulia Voices to learn more about this school or district from residents and other local experts.

  
   
About this Info
Crime statistics for 2006 (most recent year available) are reported by the Federal Bureau of Investigation in the Uniform Crime Report.
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