Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $229,900
    9% ( $19,900 ) vs Feb 2015
  • Median Sales Price
    $245,000
    0% ( $0 ) vs Feb 2015
  • Median Foreclosure Sales Price
    $99,050
    1% ( $1,050 ) vs Feb 2015
  • Foreclosures 14,080
    Homes for Sale 4,384
    Recently Sold 22,757

Market Summary

There are currently 14,080 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 4,384.

In March, the number of properties that received a foreclosure filing in Chicago, IL was 17% lower than the previous month and 53% lower than the same time last year.

Home sales for February 2016 were up 47% compared with the previous month, and up 44% compared with a year ago. The median sales price of a non-distressed home was $245,000. The median sales price of a foreclosure home was $99,050, or 60% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$99,050 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $104,000 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $242,500 (Median Sales Price) $237,000 (Median Sales Price) $90,000 (Median Sales Price) $165,000 (Median Sales Price) $99,050 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $104,000 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $242,500 (Median Sales Price) $237,000 (Median Sales Price) $90,000 (Median Sales Price) $165,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Skokie
80
37.9
% (y-o-y)
$295,000
15.2
% (y-o-y)
30.6%
20.9
% (y-o-y)
Cicero
59
7.3
% (y-o-y)
$145,000
37.4
% (y-o-y)
40.2%
32.0
% (y-o-y)
Evanston
59
59.5
% (y-o-y)
$322,250
7.4
% (y-o-y)
56.2%
61.7
% (y-o-y)
Oak Park
57
171.4
% (y-o-y)
$313,000
4.7
% (y-o-y)
39.3%
33.8
% (y-o-y)
Park Ridge
42
40.0
% (y-o-y)
$353,500
3.2
% (y-o-y)
Data not available
Elmwood Park
42
13.5
% (y-o-y)
$215,000
22.9
% (y-o-y)
26.9%
14.6
% (y-o-y)
Alsip
30
42.9
% (y-o-y)
$160,000
16.8
% (y-o-y)
57.2%
32.1
% (y-o-y)
Harwood Heights
30
200.0
% (y-o-y)
$245,000
0.7
% (y-o-y)
10.2%
20.0
% (y-o-y)
Niles
27
68.8
% (y-o-y)
$220,000
4.3
% (y-o-y)
2.3%
30.4
% (y-o-y)
Franklin Park
26
62.5
% (y-o-y)
$155,000
3.3
% (y-o-y)
32.3%
25.3
% (y-o-y)

Local Info For Chicago

Population:
2,703,466
Cost of Living Index: 115.36
Crime Index: 223.10     Rating: C- View crime details
Schools: 594    Average School Rating: C- View individual school rating
Household Median Income: $46,877
Unemployment: 7.00%
Percentage of vacant homes: 13.75%

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