Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $239,000
    12% ( $26,100 ) vs Mar 2014
  • Median Sales Price
    $240,000
    2% ( $5,000 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $98,000
    2% ( $2,000 ) vs Mar 2014
  • Foreclosures 15,203
    Homes for Sale 4,971
    Recently Sold 15,323

Market Summary

There are currently 15,203 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 4,971.

In April, the number of properties that received a foreclosure filing in Chicago, IL was 45% lower than the previous month and 1% higher than the same time last year.

Home sales for March 2015 were down 65% compared with the previous month, and down 81% compared with a year ago. The median sales price of a non-distressed home was $240,000. The median sales price of a foreclosure home was $98,000, or 59% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$98,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $245,000 (Median Sales Price) $248,000 (Median Sales Price) $255,000 (Median Sales Price) $270,500 (Median Sales Price) $280,000 (Median Sales Price) $98,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $240,000 (Median Sales Price) $245,000 (Median Sales Price) $248,000 (Median Sales Price) $255,000 (Median Sales Price) $270,500 (Median Sales Price) $280,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Cicero
49
19.7
% (y-o-y)
$95,000
4.0
% (y-o-y)
26.8%
26.3
% (y-o-y)
Evanston
34
47.7
% (y-o-y)
$320,000
8.1
% (y-o-y)
61.7%
18.9
% (y-o-y)
Skokie
33
61.6
% (y-o-y)
$245,500
9.1
% (y-o-y)
16.5%
19.3
% (y-o-y)
Elmwood Park
23
34.3
% (y-o-y)
$176,000
4.6
% (y-o-y)
9.1%
36.7
% (y-o-y)
Evergreen Park
16
15.8
% (y-o-y)
$155,000
7.6
% (y-o-y)
34.0%
23.6
% (y-o-y)
Morton Grove
16
27.3
% (y-o-y)
$238,000
17.8
% (y-o-y)
22.4%
28.6
% (y-o-y)
Oak Park
15
64.3
% (y-o-y)
$310,000
11.3
% (y-o-y)
59.0%
35.7
% (y-o-y)
Park Ridge
12
67.6
% (y-o-y)
$351,500
4.9
% (y-o-y)
35.6%
33.6
% (y-o-y)
Harwood Heights
12
55.6
% (y-o-y)
$247,000
5.6
% (y-o-y)
20.0%
18.4
% (y-o-y)
Franklin Park
11
8.3
% (y-o-y)
$148,500
0.7
% (y-o-y)
24.6%
25.4
% (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%