Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $225,000
    3% ( $6,000 ) vs May 2013
  • Median Sales Price
    $277,000
    7% ( $17,000 ) vs May 2013
  • Median Foreclosure Sales Price
    $95,000
    6% ( $5,000 ) vs May 2013
  • Foreclosures 21,027
    Homes for Sale 5,524
    Recently Sold 29,227

Market Summary

There are currently 21,027 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 5,524.

In June, the number of properties that received a foreclosure filing in Chicago, IL was 6% higher than the previous month and 35% lower than the same time last year.

Home sales for May 2014 were down 9% compared with the previous month, and down 2% compared with a year ago. The median sales price of a non-distressed home was $277,000. The median sales price of a foreclosure home was $95,000, or 66% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$95,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $89,500 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $85,300 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $277,000 (Median Sales Price) $260,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price) $250,750 (Median Sales Price) $256,000 (Median Sales Price) $95,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $89,500 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $85,300 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $277,000 (Median Sales Price) $260,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price) $250,750 (Median Sales Price) $256,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Evanston
146
15.0
% (y-o-y)
$315,000
4.5
% (y-o-y)
28.6%
67.7
% (y-o-y)
Skokie
87
1.2
% (y-o-y)
$243,500
6.8
% (y-o-y)
30.2%
37.8
% (y-o-y)
Oak Park
79
27.5
% (y-o-y)
$328,750
1.3
% (y-o-y)
48.1%
55.9
% (y-o-y)
Cicero
74
17.8
% (y-o-y)
$108,500
16.7
% (y-o-y)
35.5%
35.5
% (y-o-y)
Park Ridge
60
1.6
% (y-o-y)
$370,000
15.4
% (y-o-y)
7.2%
25.9
% (y-o-y)
Elmwood Park
46
39.5
% (y-o-y)
$188,000
24.7
% (y-o-y)
46.3%
18.1
% (y-o-y)
Evergreen Park
43
30.3
% (y-o-y)
$152,500
1.7
% (y-o-y)
27.2%
49.0
% (y-o-y)
Niles
35
30.0
% (y-o-y)
$220,000
21.7
% (y-o-y)
20.5%
1.2
% (y-o-y)
Morton Grove
34
6.3
% (y-o-y)
$220,000
6.3
% (y-o-y)
Data not available
Franklin Park
32
5.9
% (y-o-y)
$160,000
18.5
% (y-o-y)
40.6%
29.6
% (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: 8.40%
Percentage of vacant homes: 13.75%