Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $259,900
    0% ( $0 ) vs Jul 2015
  • Median Sales Price
    $228,000
    10% ( $25,000 ) vs Jul 2015
  • Median Foreclosure Sales Price
    $65,000
    8% ( $6,000 ) vs Jul 2015
  • Foreclosures 13,798
    Homes for Sale 5,078
    Recently Sold 10,536

Market Summary

There are currently 13,798 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 5,078.

In August, the number of properties that received a foreclosure filing in Chicago, IL was 19% higher than the previous month and 3% higher than the same time last year.

Home sales for July 2016 were down 41% compared with the previous month, and up 337% compared with a year ago. The median sales price of a non-distressed home was $228,000. The median sales price of a foreclosure home was $65,000, or 71% lower than non-distressed home sales.

Sales Prices - Chicago, IL




Add this chart to your website.

$65,000 (Median Foreclosure Sales Price) $71,000 (Median Foreclosure Sales Price) $79,000 (Median Foreclosure Sales Price) $88,750 (Median Foreclosure Sales Price) $93,000 (Median Foreclosure Sales Price) $99,100 (Median Foreclosure Sales Price) $228,000 (Median Sales Price) $253,000 (Median Sales Price) $258,000 (Median Sales Price) $255,000 (Median Sales Price) $247,000 (Median Sales Price) $245,000 (Median Sales Price) $65,000 (Median Foreclosure Sales Price) $71,000 (Median Foreclosure Sales Price) $79,000 (Median Foreclosure Sales Price) $88,750 (Median Foreclosure Sales Price) $93,000 (Median Foreclosure Sales Price) $99,100 (Median Foreclosure Sales Price) $228,000 (Median Sales Price) $253,000 (Median Sales Price) $258,000 (Median Sales Price) $255,000 (Median Sales Price) $247,000 (Median Sales Price) $245,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
RealtyTrac can supply you with this data through reports or a data license. Contact us now!

Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Cicero
19
45.7
% (y-o-y)
$147,000
15.1
% (y-o-y)
38.8%
25.6
% (y-o-y)
Skokie
15
40.0
% (y-o-y)
$316,750
14.7
% (y-o-y)
Data not available
Oak Park
11
42.1
% (y-o-y)
$412,500
16.5
% (y-o-y)
Data not available
Evanston
10
52.4
% (y-o-y)
$315,000
4.5
% (y-o-y)
55.4%
22.0
% (y-o-y)
Elmwood Park
8
55.6
% (y-o-y)
$236,500
5.1
% (y-o-y)
Data not available
Alsip
8
50.0
% (y-o-y)
$144,500
42.4
% (y-o-y)
Data not available
Evergreen Park
6
14.3
% (y-o-y)
$182,000
4.2
% (y-o-y)
Data not available
Franklin Park
6
25.0
% (y-o-y)
$190,000
7.6
% (y-o-y)
31.6%
40.8
% (y-o-y)
Park Ridge
5
16.7
% (y-o-y)
$415,000
3.5
% (y-o-y)
Data not available
Morton Grove
4
0.0
% (y-o-y)
$312,500
23.5
% (y-o-y)
Data not available

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: 6.20%
Percentage of vacant homes: 13.75%

Get FREE, unrestricted access for 7 days!
Enjoy FREE access and get:
Exclusive insight into the largest and most
up-to-date database
of foreclosures
Up to 50% savings on foreclosures
The inside scoop on foreclosure deals before
anyone else
Detailed and accurate property information
Online training videos on how to get the best
deals
(and avoid costly mistakes)