Chicago, IL 60610 Real Estate Market Report

ZIP Code: 60610
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Chicago, IL 60610 is currently characterized by a median sold price of $1,237,500, reflecting a competitive environment despite a slight recent decrease in prices. The neighborhood has experienced moderate price appreciation overall, with a median listing price of $1,925,000 indicating seller expectations that may not align with current market realities. This discrepancy suggests potential pricing friction as buyers navigate elevated inventory levels in the area.

Transaction activity appears to be moderate, with median days on market at 318, indicating slower sales velocity and a potentially cautious buyer sentiment. The market temperature is assessed as neutral, suggesting a balanced dynamic between supply and demand, though elevated interest rate pressure may impact future buyer engagement. Overall, while the rental market remains strong with a median market rent of $2,740, the current conditions may necessitate strategic pricing adjustments for sellers to enhance competitiveness in this evolving landscape.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Chicago, IL 60610 are averaging 6.38% compared to approximately 5.53% when loans originated in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $1,237,500 is the current median sold price, indicating a competitive market despite recent price adjustments.

2. 318 days on the market reflects a slower sales velocity, suggesting potential buyer hesitation in the current environment.

3. The median listing price of $1,925,000 indicates a significant gap between seller expectations and actual sold prices, which may create pricing friction.

4. The market temperature is neutral, indicating a balanced dynamic between supply and demand.

5. With a median market rent of $2,740, the rental market remains strong, providing a stable income opportunity for landlords.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.