Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $197,500
    1% ( $2,500 ) vs Jan 2014
  • Median Sales Price
    $248,000
    3% ( $7,000 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $92,500
    2% ( $1,500 ) vs Jan 2014
  • Foreclosures 16,831
    Homes for Sale 4,281
    Recently Sold 19,610

Market Summary

There are currently 16,831 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 4,281.

In February, the number of properties that received a foreclosure filing in Chicago, IL was 36% lower than the previous month and 32% lower than the same time last year.

Home sales for January 2015 were down 30% compared with the previous month, and down 24% compared with a year ago. The median sales price of a non-distressed home was $248,000. The median sales price of a foreclosure home was $92,500, or 63% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$92,500 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $100,000 (Median Foreclosure Sales Price) $99,000 (Median Foreclosure Sales Price) $248,000 (Median Sales Price) $255,000 (Median Sales Price) $270,500 (Median Sales Price) $280,000 (Median Sales Price) $289,750 (Median Sales Price) $292,500 (Median Sales Price) $92,500 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $100,000 (Median Foreclosure Sales Price) $99,000 (Median Foreclosure Sales Price) $248,000 (Median Sales Price) $255,000 (Median Sales Price) $270,500 (Median Sales Price) $280,000 (Median Sales Price) $289,750 (Median Sales Price) $292,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Skokie
79
28.8
% (y-o-y)
$272,500
16.5
% (y-o-y)
30.3%
15.4
% (y-o-y)
Evanston
69
40.0
% (y-o-y)
$304,500
10.2
% (y-o-y)
61.4%
15.9
% (y-o-y)
Cicero
49
34.7
% (y-o-y)
$120,000
40.8
% (y-o-y)
40.4%
18.5
% (y-o-y)
Park Ridge
45
25.0
% (y-o-y)
$350,000
5.5
% (y-o-y)
Data not available
Morton Grove
40
25.0
% (y-o-y)
$248,250
8.4
% (y-o-y)
24.7%
3.9
% (y-o-y)
Oak Park
39
40.9
% (y-o-y)
$307,500
6.6
% (y-o-y)
62.9%
40.6
% (y-o-y)
Elmwood Park
32
25.6
% (y-o-y)
$175,000
5.6
% (y-o-y)
14.3%
12.5
% (y-o-y)
Evergreen Park
25
43.2
% (y-o-y)
$164,000
17.6
% (y-o-y)
43.9%
48.0
% (y-o-y)
Niles
25
13.8
% (y-o-y)
$225,000
6.1
% (y-o-y)
42.2%
15.2
% (y-o-y)
Alsip
23
4.5
% (y-o-y)
$124,500
1.0
% (y-o-y)
28.1%
38.3
% (y-o-y)

Local Info For Chicago

Population:
2,703,466
Cost of Living Index: 115.36
Crime Index: 182.52     Rating: C View crime details
Schools: 594    Average School Rating: C- View individual school rating
Household Median Income: $46,877
Unemployment: 6.80%
Percentage of vacant homes: 13.75%