Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $225,000
    2% ( $4,000 ) vs Sep 2013
  • Median Sales Price
    $289,500
    1% ( $3,000 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $100,000
    1% ( $1,000 ) vs Sep 2013
  • Foreclosures 18,433
    Homes for Sale 2,150
    Recently Sold 31,223

Market Summary

There are currently 18,433 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 2,150.

In October, the number of properties that received a foreclosure filing in Chicago, IL was 9% higher than the previous month and 22% lower than the same time last year.

Home sales for September 2014 were up 46% compared with the previous month, and up 29% compared with a year ago. The median sales price of a non-distressed home was $289,500. The median sales price of a foreclosure home was $100,000, or 65% lower than non-distressed home sales.

Sales Prices - Chicago, IL




Add this chart to your website.

$100,000 (Median Foreclosure Sales Price) $99,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $289,500 (Median Sales Price) $292,500 (Median Sales Price) $290,000 (Median Sales Price) $288,000 (Median Sales Price) $277,000 (Median Sales Price) $260,000 (Median Sales Price) $100,000 (Median Foreclosure Sales Price) $99,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $289,500 (Median Sales Price) $292,500 (Median Sales Price) $290,000 (Median Sales Price) $288,000 (Median Sales Price) $277,000 (Median Sales Price) $260,000 (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
153
18.6
% (y-o-y)
$355,000
9.2
% (y-o-y)
53.8%
43.1
% (y-o-y)
Skokie
112
1.8
% (y-o-y)
$275,500
14.8
% (y-o-y)
27.2%
29.4
% (y-o-y)
Oak Park
98
3.9
% (y-o-y)
$340,000
4.8
% (y-o-y)
41.2%
74.3
% (y-o-y)
Cicero
77
23.0
% (y-o-y)
$114,000
25.3
% (y-o-y)
33.2%
36.8
% (y-o-y)
Elmwood Park
72
10.0
% (y-o-y)
$208,000
23.4
% (y-o-y)
18.3%
34.1
% (y-o-y)
Park Ridge
68
33.3
% (y-o-y)
$382,500
13.5
% (y-o-y)
20.3%
17.1
% (y-o-y)
Niles
62
31.9
% (y-o-y)
$244,000
3.8
% (y-o-y)
15.9%
48.1
% (y-o-y)
Morton Grove
52
31.6
% (y-o-y)
$249,000
1.6
% (y-o-y)
19.5%
11.8
% (y-o-y)
Alsip
48
17.1
% (y-o-y)
$127,500
3.2
% (y-o-y)
42.9%
38.9
% (y-o-y)
Harwood Heights
43
8.5
% (y-o-y)
$250,500
8.9
% (y-o-y)
32.1%
8.2
% (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: 7.30%
Percentage of vacant homes: 13.75%