Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $219,000
    0% ( $900 ) vs Nov 2013
  • Median Sales Price
    $272,500
    3% ( $7,500 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $95,000
    10% ( $10,000 ) vs Nov 2013
  • Foreclosures 17,750
    Homes for Sale 3,627
    Recently Sold 25,248

Market Summary

There are currently 17,750 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 3,627.

In December, the number of properties that received a foreclosure filing in Chicago, IL was 48% higher than the previous month and 9% lower than the same time last year.

Home sales for November 2014 were down 56% compared with the previous month, and down 28% compared with a year ago. The median sales price of a non-distressed home was $272,500. The median sales price of a foreclosure home was $95,000, or 65% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$95,000 (Median Foreclosure 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) $272,500 (Median 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) $95,000 (Median Foreclosure 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) $272,500 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Evanston
76
20.8
% (y-o-y)
$355,000
7.7
% (y-o-y)
48.6%
36.3
% (y-o-y)
Skokie
62
23.5
% (y-o-y)
$270,750
16.0
% (y-o-y)
27.0%
27.2
% (y-o-y)
Park Ridge
48
17.2
% (y-o-y)
$340,000
0.4
% (y-o-y)
Data not available
Oak Park
44
38.0
% (y-o-y)
$311,500
2.1
% (y-o-y)
45.7%
52.5
% (y-o-y)
Cicero
40
43.7
% (y-o-y)
$130,000
50.3
% (y-o-y)
39.8%
24.3
% (y-o-y)
Elmwood Park
39
22.0
% (y-o-y)
$176,750
7.0
% (y-o-y)
14.6%
30.1
% (y-o-y)
Niles
28
20.0
% (y-o-y)
$230,000
3.0
% (y-o-y)
40.0%
17.1
% (y-o-y)
Morton Grove
24
22.6
% (y-o-y)
$246,750
3.2
% (y-o-y)
18.5%
12.5
% (y-o-y)
Franklin Park
23
4.5
% (y-o-y)
$150,000
15.4
% (y-o-y)
20.5%
7.7
% (y-o-y)
Harwood Heights
16
38.5
% (y-o-y)
$244,000
5.2
% (y-o-y)
33.4%
6.9
% (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: 6.80%
Percentage of vacant homes: 13.75%