Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $249,000
    0% ( $900 ) vs Jun 2014
  • Median Sales Price
    $290,500
    5% ( $14,000 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $109,000
    1% ( $1,000 ) vs Jun 2014
  • Foreclosures 14,100
    Homes for Sale 5,533
    Recently Sold 6,457

Market Summary

There are currently 14,100 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 5,533.

In July, the number of properties that received a foreclosure filing in Chicago, IL was 36% higher than the previous month and 11% higher than the same time last year.

Home sales for June 2015 were down 40% compared with the previous month, and down 48% compared with a year ago. The median sales price of a non-distressed home was $290,500. The median sales price of a foreclosure home was $109,000, or 62% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$109,000 (Median Foreclosure Sales Price) $108,000 (Median Foreclosure Sales Price) $97,000 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $290,500 (Median Sales Price) $276,500 (Median Sales Price) $250,000 (Median Sales Price) $240,000 (Median Sales Price) $245,000 (Median Sales Price) $248,000 (Median Sales Price) $109,000 (Median Foreclosure Sales Price) $108,000 (Median Foreclosure Sales Price) $97,000 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $290,500 (Median Sales Price) $276,500 (Median Sales Price) $250,000 (Median Sales Price) $240,000 (Median Sales Price) $245,000 (Median Sales Price) $248,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Oak Park
49
37.2
% (y-o-y)
$332,500
10.1
% (y-o-y)
43.3%
51.3
% (y-o-y)
Skokie
42
41.7
% (y-o-y)
$275,000
18.3
% (y-o-y)
27.3%
23.4
% (y-o-y)
Evanston
38
52.5
% (y-o-y)
$315,000
2.6
% (y-o-y)
41.0%
29.7
% (y-o-y)
Elmwood Park
37
0.0
% (y-o-y)
$225,000
6.5
% (y-o-y)
36.1%
47.2
% (y-o-y)
Cicero
35
22.2
% (y-o-y)
$129,900
21.4
% (y-o-y)
31.1%
34.6
% (y-o-y)
Park Ridge
27
32.5
% (y-o-y)
$365,000
4.3
% (y-o-y)
Data not available
Morton Grove
23
0.0
% (y-o-y)
$251,500
3.7
% (y-o-y)
16.5%
9.3
% (y-o-y)
Niles
21
32.3
% (y-o-y)
$230,000
6.0
% (y-o-y)
15.2%
35.3
% (y-o-y)
Evergreen Park
20
23.1
% (y-o-y)
$164,000
6.5
% (y-o-y)
61.4%
32.5
% (y-o-y)
Alsip
18
28.0
% (y-o-y)
$101,500
24.3
% (y-o-y)
42.4%
31.0
% (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: 6.90%
Percentage of vacant homes: 13.75%