Chicago, IL 60610 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

Key Findings

1. The neighborhood's primary indicator, the median sold price, is 996,500, which should be treated as the most reliable signal of current market value and recent transaction activity given available data; the long median days on market (347) suggests a slower sales velocity despite completed transactions.
2. There is a clear divergence between asking and realized pricing: median listing price is 2,495,000, indicating substantially higher asking levels relative to the representative recent sale price and suggesting pricing friction or selective seller expectations in higher-end listings.
3. Inventory in the analyzed sample appears as a relatively constrained active supply, which, combined with the observed transaction patterns, may indicate balanced to cautious liquidity rather than rapid turnover; treat sales velocity as moderate-to-slow when planning pricing or time-on-market assumptions.
4. Market-level trends support a steady upward direction for both values and rents: price year-over-year trend is up and rent year-over-year trend is up, while median market rent is 2,626, median price per square foot is 525, and interest rate pressure is moderate—these factors together suggest continued upward pressure on rents and pricing but with moderate financing headwinds to monitor.

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.