Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $184,900
    9% ( $15,000 ) vs Feb 2013
  • Median Sales Price
    $250,000
    1% ( $2,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $88,500
    4% ( $3,450 ) vs Feb 2013
  • Foreclosures 23,583
    Homes for Sale 4,514
    Recently Sold 32,837

Market Summary

There are currently 23,583 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 4,514.

In March, the number of properties that received a foreclosure filing in Chicago, IL was 18% higher than the previous month and 33% lower than the same time last year.

Home sales for February 2014 were down 22% compared with the previous month, and up 5% compared with a year ago. The median sales price of a non-distressed home was $250,000. The median sales price of a foreclosure home was $88,500, or 65% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$88,500 (Median Foreclosure Sales Price) $85,050 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $88,250 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $252,000 (Median Sales Price) $256,000 (Median Sales Price) $259,500 (Median Sales Price) $265,000 (Median Sales Price) $273,000 (Median Sales Price) $88,500 (Median Foreclosure Sales Price) $85,050 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $88,250 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $252,000 (Median Sales Price) $256,000 (Median Sales Price) $259,500 (Median Sales Price) $265,000 (Median Sales Price) $273,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Evanston
75
8.7
% (y-o-y)
$329,000
17.5
% (y-o-y)
21.3%
55.4
% (y-o-y)
Skokie
65
3.2
% (y-o-y)
$226,750
29.6
% (y-o-y)
11.1%
6.4
% (y-o-y)
Cicero
57
23.0
% (y-o-y)
$90,000
16.1
% (y-o-y)
18.9%
26.1
% (y-o-y)
Oak Park
48
15.8
% (y-o-y)
$292,000
0.7
% (y-o-y)
33.7%
47.2
% (y-o-y)
Park Ridge
46
9.5
% (y-o-y)
$348,000
12.3
% (y-o-y)
33.9%
33.1
% (y-o-y)
Elmwood Park
36
47.8
% (y-o-y)
$162,000
12.5
% (y-o-y)
10.5%
20.1
% (y-o-y)
Niles
32
77.8
% (y-o-y)
$230,000
5.7
% (y-o-y)
5.9%
23.7
% (y-o-y)
Morton Grove
26
33.3
% (y-o-y)
$229,000
6.5
% (y-o-y)
Data not available
Harwood Heights
21
25.0
% (y-o-y)
$220,000
22.2
% (y-o-y)
18.1%
8.3
% (y-o-y)
Evergreen Park
21
22.2
% (y-o-y)
$140,000
2.4
% (y-o-y)
40.0%
39.4
% (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: 9.60%
Percentage of vacant homes: 13.75%