Chicago Real Estate Market Summary
August 11, 2017
If you’re looking to move to Chicago, we’ve got some of the best information you’ll need to make the best decision about where you’ll move. But, first some basic facts about the windy city and what to expect from a real estate perspective – as of July, 2017 – here are some of the stats:
- $284,000 – Median Sales Price
- $229 per square foot
- $1,700 Median Rent per Month
Median listing price by neighborhood:
Source: Trulia.com
- Chicago has shown a 5% year-over-year rise in median sales price, but a -2% drop in median rent price per month.
About Those Living in Chicago
- 37% are single residents
- 45% are homeowners
- 34 is the median age
- $44,583 is the median household income
- 29% are college educated
Commute Trends
- 67% commute by car
- 27% commute by public transportation
- 2% commute by foot
Source: Trulia.com
For a full Market Report check out Trulia.com
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