Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $229,000
    4% ( $9,900 ) vs Aug 2013
  • Median Sales Price
    $292,500
    1% ( $2,500 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $99,000
    4% ( $4,000 ) vs Aug 2013
  • Foreclosures 18,926
    Homes for Sale 4,978
    Recently Sold 29,426

Market Summary

There are currently 18,926 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 4,978.

In September, the number of properties that received a foreclosure filing in Chicago, IL was 2% higher than the previous month and 19% lower than the same time last year.

Home sales for August 2014 were up 43% compared with the previous month, and down 30% compared with a year ago. The median sales price of a non-distressed home was $292,500. The median sales price of a foreclosure home was $99,000, or 66% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$99,000 (Median Foreclosure 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) $292,500 (Median 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) $99,000 (Median Foreclosure 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) $292,500 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Evanston
120
24.5
% (y-o-y)
$340,000
1.4
% (y-o-y)
51.8%
58.7
% (y-o-y)
Skokie
80
46.7
% (y-o-y)
$249,000
6.0
% (y-o-y)
23.5%
27.9
% (y-o-y)
Oak Park
69
49.3
% (y-o-y)
$377,500
14.4
% (y-o-y)
33.4%
74.2
% (y-o-y)
Cicero
48
55.6
% (y-o-y)
$120,000
24.4
% (y-o-y)
38.7%
42.0
% (y-o-y)
Elmwood Park
42
46.2
% (y-o-y)
$211,250
25.4
% (y-o-y)
37.5%
31.2
% (y-o-y)
Park Ridge
41
54.4
% (y-o-y)
$339,500
2.9
% (y-o-y)
Data not available
Niles
36
35.7
% (y-o-y)
$249,000
10.7
% (y-o-y)
36.5%
43.1
% (y-o-y)
Morton Grove
30
42.3
% (y-o-y)
$275,000
12.7
% (y-o-y)
27.3%
12.3
% (y-o-y)
Evergreen Park
30
48.3
% (y-o-y)
$155,000
0.0
% (y-o-y)
38.9%
22.6
% (y-o-y)
Franklin Park
22
26.7
% (y-o-y)
$146,750
7.1
% (y-o-y)
18.2%
17.5
% (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: 7.40%
Percentage of vacant homes: 13.75%