Chicago Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $249,900
    0% ( $900 ) vs May 2014
  • Median Sales Price
    $276,500
    11% ( $26,500 ) vs May 2014
  • Median Foreclosure Sales Price
    $108,000
    11% ( $11,000 ) vs May 2014
  • Foreclosures 14,423
    Homes for Sale 5,550
    Recently Sold 8,485

Market Summary

There are currently 14,423 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 5,550.

In June, the number of properties that received a foreclosure filing in Chicago, IL was 23% lower than the previous month and 29% lower than the same time last year.

Home sales for May 2015 were up 132% compared with the previous month, and down 42% compared with a year ago. The median sales price of a non-distressed home was $276,500. The median sales price of a foreclosure home was $108,000, or 61% lower than non-distressed home sales.

Sales Prices - Chicago, IL




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$108,000 (Median Foreclosure Sales Price) $97,000 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $276,500 (Median Sales Price) $250,000 (Median Sales Price) $240,000 (Median Sales Price) $245,000 (Median Sales Price) $248,000 (Median Sales Price) $255,000 (Median Sales Price) $108,000 (Median Foreclosure Sales Price) $97,000 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $91,000 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $276,500 (Median Sales Price) $250,000 (Median Sales Price) $240,000 (Median Sales Price) $245,000 (Median Sales Price) $248,000 (Median Sales Price) $255,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Evanston
84
42.5
% (y-o-y)
$315,000
0.0
% (y-o-y)
54.7%
28.6
% (y-o-y)
Skokie
66
24.1
% (y-o-y)
$266,250
9.3
% (y-o-y)
24.9%
30.2
% (y-o-y)
Oak Park
57
27.8
% (y-o-y)
$310,000
5.7
% (y-o-y)
39.2%
48.1
% (y-o-y)
Cicero
57
23.0
% (y-o-y)
$128,450
18.4
% (y-o-y)
37.3%
35.5
% (y-o-y)
Elmwood Park
48
4.3
% (y-o-y)
$222,500
18.4
% (y-o-y)
29.7%
46.3
% (y-o-y)
Park Ridge
38
36.7
% (y-o-y)
$365,000
1.4
% (y-o-y)
27.4%
7.2
% (y-o-y)
Morton Grove
35
2.9
% (y-o-y)
$250,000
13.6
% (y-o-y)
16.0%
11.4
% (y-o-y)
Niles
30
14.3
% (y-o-y)
$231,000
5.0
% (y-o-y)
13.4%
20.5
% (y-o-y)
Franklin Park
23
28.1
% (y-o-y)
$124,000
22.5
% (y-o-y)
5.0%
40.6
% (y-o-y)
Alsip
21
5.0
% (y-o-y)
$101,500
32.2
% (y-o-y)
30.5%
33.9
% (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: 6.70%
Percentage of vacant homes: 13.75%