Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $239,000
    0% ( $0 ) vs Jul 2013
  • Median Sales Price
    $290,000
    1% ( $2,000 ) vs Jul 2013
  • Median Foreclosure Sales Price
    $95,000
    1% ( $1,000 ) vs Jul 2013
  • Foreclosures 19,800
    Homes for Sale 5,497
    Recently Sold 28,255

Market Summary

There are currently 19,800 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 5,497.

In August, the number of properties that received a foreclosure filing in Chicago, IL was 2% lower than the previous month and 14% lower than the same time last year.

Home sales for July 2014 were down 6% compared with the previous month, and down 53% compared with a year ago. The median sales price of a non-distressed home was $290,000. The median sales price of a foreclosure home was $95,000, or 67% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$95,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure 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) $290,000 (Median Sales Price) $288,000 (Median Sales Price) $277,000 (Median Sales Price) $260,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price) $95,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure 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) $290,000 (Median Sales Price) $288,000 (Median Sales Price) $277,000 (Median Sales Price) $260,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Oak Park
71
48.9
% (y-o-y)
$409,000
21.0
% (y-o-y)
47.4%
65.8
% (y-o-y)
Evanston
68
59.8
% (y-o-y)
$326,000
10.7
% (y-o-y)
52.1%
65.5
% (y-o-y)
Skokie
59
58.5
% (y-o-y)
$241,000
5.2
% (y-o-y)
21.2%
36.7
% (y-o-y)
Park Ridge
53
53.9
% (y-o-y)
$335,000
1.5
% (y-o-y)
Data not available
Cicero
50
56.9
% (y-o-y)
$105,500
6.8
% (y-o-y)
36.5%
41.8
% (y-o-y)
Elmwood Park
40
60.8
% (y-o-y)
$198,000
21.1
% (y-o-y)
43.7%
26.6
% (y-o-y)
Morton Grove
33
49.2
% (y-o-y)
$275,000
11.1
% (y-o-y)
20.2%
12.8
% (y-o-y)
Niles
26
55.2
% (y-o-y)
$220,000
5.0
% (y-o-y)
23.9%
12.6
% (y-o-y)
Franklin Park
25
43.2
% (y-o-y)
$160,000
12.1
% (y-o-y)
25.0%
19.4
% (y-o-y)
Evergreen Park
20
64.3
% (y-o-y)
$155,250
4.0
% (y-o-y)
32.7%
25.1
% (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: 8.00%
Percentage of vacant homes: 13.75%