Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $195,000
    11% ( $24,000 ) vs Dec 2013
  • Median Sales Price
    $260,000
    5% ( $12,500 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $94,000
    1% ( $1,000 ) vs Dec 2013
  • Foreclosures 16,648
    Homes for Sale 3,962
    Recently Sold 20,756

Market Summary

There are currently 16,648 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 3,962.

In January, the number of properties that received a foreclosure filing in Chicago, IL was 6% lower than the previous month and 17% lower than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $260,000. The median sales price of a foreclosure home was $94,000, or 64% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$94,000 (Median Foreclosure 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) $260,000 (Median 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) $94,000 (Median Foreclosure 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) $260,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Cicero
26
64.4
% (y-o-y)
$140,000
61.8
% (y-o-y)
44.3%
18.5
% (y-o-y)
Elmwood Park
19
62.7
% (y-o-y)
$150,000
11.8
% (y-o-y)
0.7%
11.8
% (y-o-y)
Skokie
15
85.1
% (y-o-y)
$265,000
12.8
% (y-o-y)
32.5%
14.3
% (y-o-y)
Oak Park
12
76.9
% (y-o-y)
$291,000
5.1
% (y-o-y)
36.4%
40.6
% (y-o-y)
Franklin Park
9
62.5
% (y-o-y)
$135,000
4.4
% (y-o-y)
20.7%
4.1
% (y-o-y)
Morton Grove
9
71.0
% (y-o-y)
$250,000
9.1
% (y-o-y)
17.6%
20.6
% (y-o-y)
Evergreen Park
8
70.4
% (y-o-y)
$140,000
6.0
% (y-o-y)
41.6%
56.4
% (y-o-y)
Niles
7
79.4
% (y-o-y)
$225,000
3.0
% (y-o-y)
32.4%
18.1
% (y-o-y)
Alsip
6
79.3
% (y-o-y)
$116,000
5.0
% (y-o-y)
23.5%
29.9
% (y-o-y)
Summit Argo
5
64.3
% (y-o-y)
$139,500
55.0
% (y-o-y)
52.7%
22.2
% (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%