Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $259,900
    2% ( $5,000 ) vs May 2015
  • Median Sales Price
    $258,000
    1% ( $3,000 ) vs May 2015
  • Median Foreclosure Sales Price
    $79,500
    10% ( $9,250 ) vs May 2015
  • Foreclosures 13,618
    Homes for Sale 4,864
    Recently Sold 13,366

Market Summary

There are currently 13,618 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 4,864.

In June, the number of properties that received a foreclosure filing in Chicago, IL was 11% lower than the previous month and 6% higher than the same time last year.

Home sales for May 2016 were down 73% compared with the previous month, and down 71% compared with a year ago. The median sales price of a non-distressed home was $258,000. The median sales price of a foreclosure home was $79,500, or 69% lower than non-distressed home sales.

Sales Prices - Chicago, IL




Add this chart to your website.

$79,500 (Median Foreclosure Sales Price) $88,750 (Median Foreclosure Sales Price) $93,000 (Median Foreclosure Sales Price) $99,100 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $104,000 (Median Foreclosure Sales Price) $258,000 (Median Sales Price) $255,000 (Median Sales Price) $247,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $242,500 (Median Sales Price) $79,500 (Median Foreclosure Sales Price) $88,750 (Median Foreclosure Sales Price) $93,000 (Median Foreclosure Sales Price) $99,100 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $104,000 (Median Foreclosure Sales Price) $258,000 (Median Sales Price) $255,000 (Median Sales Price) $247,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $242,500 (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
Cicero
25
56.1
% (y-o-y)
$147,250
14.6
% (y-o-y)
47.7%
37.3
% (y-o-y)
Skokie
21
68.2
% (y-o-y)
$305,000
14.6
% (y-o-y)
27.1%
24.9
% (y-o-y)
Evanston
18
78.6
% (y-o-y)
$305,000
3.2
% (y-o-y)
38.0%
54.7
% (y-o-y)
Oak Park
15
73.7
% (y-o-y)
$300,000
3.2
% (y-o-y)
47.0%
39.2
% (y-o-y)
Evergreen Park
13
31.6
% (y-o-y)
$167,500
8.1
% (y-o-y)
43.3%
52.7
% (y-o-y)
Elmwood Park
11
77.1
% (y-o-y)
$238,000
7.0
% (y-o-y)
42.9%
29.7
% (y-o-y)
Park Ridge
10
73.7
% (y-o-y)
$395,000
8.2
% (y-o-y)
10.8%
27.4
% (y-o-y)
Morton Grove
10
71.4
% (y-o-y)
$270,000
8.0
% (y-o-y)
76.4%
16.0
% (y-o-y)
Franklin Park
9
60.9
% (y-o-y)
$205,000
65.3
% (y-o-y)
32.7%
5.0
% (y-o-y)
Alsip
8
61.9
% (y-o-y)
$102,000
0.5
% (y-o-y)
19.4%
30.5
% (y-o-y)

Local Info For Chicago

Population:
2,703,466
Cost of Living Index: 115.36
Crime Index: 223.10     Rating: C- View crime details
Schools: 594    Average School Rating: C- View individual school rating
Household Median Income: $46,877
Unemployment: 6.10%
Percentage of vacant homes: 13.75%

Get FREE, unrestricted access for 7 days!
Enjoy FREE access and get:
Exclusive insight into the largest and most
up-to-date database
of foreclosures
Up to 50% savings on foreclosures
The inside scoop on foreclosure deals before
anyone else
Detailed and accurate property information
Online training videos on how to get the best
deals
(and avoid costly mistakes)