Chicago Real Estate: The Basics
Whether you’re a homebuyer, a seller, or a seasoned investor, property data is what fuels your decisions and ensures your long-term returns.
Are you thinking of buying or selling real estate in the Chicago area this year? The Chicago property data you need is right here.
Chicago’s metro market is a large one, spanning more than 10,000 square miles. It includes major cities like Aurora, Naperville, Joliet, Elgin, and Hammond and is home to over 9 million people. It’s the third-most populated metro market in the entire U.S.
|Number of properties||3.8 million|
|Total number of foreclosures*||27,049|
|Overall foreclosure rate||0.71% (1 in every 141 housing units)|
|Median Sales Price||$228,000|
|Average Homeownership Tenure||9.08 years|
|Home Flipping Rate||4.5%|
|Gross Flipping Profit||$89,000|
A Look at Detailed Chicago Property Data
Having a basic knowledge of the Chicago market will only get you so far. If you want to make the smartest buying and selling decisions, detailed property-level data is crucial.
You’ll want access to:
- Ownership data
- Mortgage and financing information
- Sales history
- Property valuations and assessor data
- Geocodes and coordinate data
- Property characteristics like bed/bath, square footage, features, HVAC, construction materials, lot size, and more
- Foreclosure and REO data
- Recorder and deed information