Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $219,900
    2% ( $5,100 ) vs Oct 2013
  • Median Sales Price
    $280,000
    3% ( $10,000 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $105,000
    5% ( $5,000 ) vs Oct 2013
  • Foreclosures 18,054
    Homes for Sale 3,150
    Recently Sold 31,045

Market Summary

There are currently 18,054 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 3,150.

In November, the number of properties that received a foreclosure filing in Chicago, IL was 22% lower than the previous month and 25% lower than the same time last year.

Home sales for October 2014 were down 2% compared with the previous month, and up 43% compared with a year ago. The median sales price of a non-distressed home was $280,000. The median sales price of a foreclosure home was $105,000, or 62% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$105,000 (Median Foreclosure 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) $280,000 (Median Sales Price) $290,000 (Median Sales Price) $292,500 (Median Sales Price) $290,000 (Median Sales Price) $288,000 (Median Sales Price) $277,000 (Median Sales Price) $105,000 (Median Foreclosure 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) $280,000 (Median Sales Price) $290,000 (Median Sales Price) $292,500 (Median Sales Price) $290,000 (Median Sales Price) $288,000 (Median Sales Price) $277,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Evanston
159
55.9
% (y-o-y)
$354,500
10.8
% (y-o-y)
43.0%
46.9
% (y-o-y)
Skokie
121
21.0
% (y-o-y)
$275,000
16.3
% (y-o-y)
26.9%
25.7
% (y-o-y)
Oak Park
103
39.2
% (y-o-y)
$320,000
3.4
% (y-o-y)
40.6%
64.1
% (y-o-y)
Park Ridge
90
25.0
% (y-o-y)
$345,000
6.2
% (y-o-y)
8.0%
22.2
% (y-o-y)
Cicero
85
7.6
% (y-o-y)
$130,000
22.6
% (y-o-y)
38.5%
41.0
% (y-o-y)
Elmwood Park
70
11.1
% (y-o-y)
$194,000
14.1
% (y-o-y)
21.6%
29.4
% (y-o-y)
Morton Grove
57
72.7
% (y-o-y)
$242,500
4.9
% (y-o-y)
Data not available
Niles
49
8.9
% (y-o-y)
$250,500
6.6
% (y-o-y)
39.3%
45.7
% (y-o-y)
Harwood Heights
39
35.0
% (y-o-y)
$247,500
7.6
% (y-o-y)
33.4%
6.6
% (y-o-y)
Franklin Park
38
65.2
% (y-o-y)
$150,000
15.4
% (y-o-y)
23.0%
19.2
% (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: 7.20%
Percentage of vacant homes: 13.75%