Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $239,000
    6% ( $14,000 ) vs Jun 2013
  • Median Sales Price
    $288,000
    4% ( $11,000 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $96,000
    1% ( $1,000 ) vs Jun 2013
  • Foreclosures 20,335
    Homes for Sale 5,558
    Recently Sold 28,001

Market Summary

There are currently 20,335 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 5,558.

In July, the number of properties that received a foreclosure filing in Chicago, IL was 13% lower than the previous month and 10% lower than the same time last year.

Home sales for June 2014 were down 34% compared with the previous month, and down 39% compared with a year ago. The median sales price of a non-distressed home was $288,000. The median sales price of a foreclosure home was $96,000, or 67% lower than non-distressed home sales.

Sales Prices - Chicago, IL




Add this chart to your website.

$96,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $89,500 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $85,300 (Median Foreclosure Sales Price) $288,000 (Median Sales Price) $277,000 (Median Sales Price) $260,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price) $250,750 (Median Sales Price) $96,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $89,500 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $85,300 (Median Foreclosure Sales Price) $288,000 (Median Sales Price) $277,000 (Median Sales Price) $260,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price) $250,750 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
RealtyTrac can supply you with this data through reports or a data license. Contact us now!

Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Evanston
79
26.9
% (y-o-y)
$323,500
8.6
% (y-o-y)
29.7%
66.8
% (y-o-y)
Oak Park
78
32.8
% (y-o-y)
$370,000
5.4
% (y-o-y)
51.3%
61.3
% (y-o-y)
Skokie
72
44.2
% (y-o-y)
$232,500
3.9
% (y-o-y)
23.4%
33.9
% (y-o-y)
Cicero
44
45.7
% (y-o-y)
$106,000
8.7
% (y-o-y)
34.0%
41.8
% (y-o-y)
Park Ridge
40
45.9
% (y-o-y)
$350,000
7.7
% (y-o-y)
Data not available
Elmwood Park
36
52.6
% (y-o-y)
$210,000
28.4
% (y-o-y)
46.9%
21.4
% (y-o-y)
Harwood Heights
32
6.7
% (y-o-y)
$238,750
13.7
% (y-o-y)
16.9%
7.1
% (y-o-y)
Niles
29
48.2
% (y-o-y)
$217,000
15.7
% (y-o-y)
35.3%
0.6
% (y-o-y)
Evergreen Park
26
40.9
% (y-o-y)
$154,000
12.4
% (y-o-y)
32.5%
31.8
% (y-o-y)
Alsip
25
34.2
% (y-o-y)
$134,000
11.7
% (y-o-y)
31.0%
34.8
% (y-o-y)

Local Info For Chicago

Population:
2,703,466
Cost of Living Index: 115.36
Crime Index: 312.73     Rating: D- View crime details
Schools: 594    Average School Rating: C- View individual school rating
Household Median Income: $46,877
Unemployment: 8.20%
Percentage of vacant homes: 13.75%