Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $200,000
    8% ( $16,750 ) vs Sep 2016
  • Median Sales Price
    $190,000
    0% ( $0 ) vs Sep 2016
  • Median Foreclosure Sales Price
    $115,000
    0% ( $0 ) vs Sep 2016
  • Foreclosures 9,742
    Homes for Sale 5,283
    Recently Sold 30,289

Market Summary

There are currently 9,742 properties in Chicago, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 5,283.

In October, the number of properties that received a foreclosure filing in Chicago, IL was 36% higher than the previous month and 36% lower than the same time last year.

Home sales for September 2017 were down 27% compared with the previous month, and up 29% compared with a year ago. The median sales price of a non-distressed home was $190,000. The median sales price of a foreclosure home was $115,000, or 39% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$115,000 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $61,500 (Median Foreclosure Sales Price) $65,000 (Median Foreclosure Sales Price) $60,000 (Median Foreclosure Sales Price) $190,000 (Median Sales Price) $190,000 (Median Sales Price) $186,000 (Median Sales Price) $185,000 (Median Sales Price) $190,000 (Median Sales Price) $190,000 (Median Sales Price) $115,000 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $61,500 (Median Foreclosure Sales Price) $65,000 (Median Foreclosure Sales Price) $60,000 (Median Foreclosure Sales Price) $190,000 (Median Sales Price) $190,000 (Median Sales Price) $186,000 (Median Sales Price) $185,000 (Median Sales Price) $190,000 (Median Sales Price) $190,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Cicero
27
10.0
% (y-o-y)
$179,000
4.8
% (y-o-y)
Data not available
Oak Park
14
27.3
% (y-o-y)
$366,250
13.3
% (y-o-y)
Data not available
Elmwood Park
13
7.1
% (y-o-y)
$265,500
0.2
% (y-o-y)
Data not available
Skokie
12
0.0
% (y-o-y)
$309,500
1.3
% (y-o-y)
Data not available
Evanston
11
15.4
% (y-o-y)
$381,000
5.1
% (y-o-y)
Data not available
Morton Grove
10
400.0
% (y-o-y)
$334,000
6.9
% (y-o-y)
Data not available
Park Ridge
7
16.7
% (y-o-y)
$370,000
7.5
% (y-o-y)
Data not available
Niles
6
20.0
% (y-o-y)
$302,500
3.1
% (y-o-y)
Data not available
Alsip
6
40.0
% (y-o-y)
$147,500
8.5
% (y-o-y)
Data not available
Evergreen Park
4
33.3
% (y-o-y)
$176,250
0.4
% (y-o-y)
Data not available

Local Info For Chicago

Population:
2,703,466
Cost of Living Index: 115.36
Crime Index: 302.37     Rating: D- View crime details
Schools: 594    Average School Rating: C- View individual school rating
Household Median Income: $46,877
Unemployment: 5.50%
Percentage of vacant homes: 13.75%

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