Chicago, IL 60610 Real Estate Market Report

ZIP Code: 60610
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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

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.

---

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

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.

---

Key Findings

1. median sold price: 1,182,500 is the primary indicator of realized market value in 60610 and suggests transaction-level pricing is meaningfully below the current median listing price, signaling a gap between seller expectations and recent closed transactions; this gap may indicate pricing friction that buyers can leverage in negotiations.

2. The market shows slow liquidity as evidenced by a median days on market: 427, which points to substantially extended marketing times and suggests slower sales velocity rather than immediate weakness—pricing patience may be required to close deals at or near current sold levels.

3. Supply versus demand in the analyzed sample appears to reflect relatively constrained active supply compared with sales activity, producing a balanced market temperature described as market temperature: neutral; this balance implies neither strong upward price pressure nor sharp declines, so expect stable but selective buyer interest and moderated appreciation risk (neutral).

4. Fundamentals show mixed signals: median price per square foot: 525 alongside median market rent: 2,595, with broader trends showing price year-over-year trend: up and rent year-over-year trend: up—these indicate ongoing nominal appreciation and improving rental dynamics, although elevated borrowing costs remain a headwind via interest rate pressure: elevated which may constrain some buyer segments elevated interest rate pressure.

---

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.

Chicago, IL 60610 Real Estate Market Report

ZIP Code: 60610
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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

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.

---

Rental Market

---

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

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.

---

Key Findings

1. The neighborhood’s primary market signal is the median sold price of $420,000, which represents recent transaction-level value and suggests pricing is anchored around that level; up price momentum at the broader level supports continued nominal appreciation.

2. There is a meaningful gap between the median listing price of $475,000 and the median sold price, which may indicate seller pricing expectations above realized transaction prices and could create pricing friction during negotiation.

3. Liquidity appears slow when viewed through the lens of median time-to-contract: the median days on market of 226 points to elongated marketing periods and slower sales velocity, which may pressure sellers to consider price or condition concessions; elevated interest rate pressure likely contributes to this dynamic.

4. Rental fundamentals remain a positive, with a median market rent of $2,695 and a reported up rent year-over-year trend, reinforcing demand from investors and owners pursuing rental strategies while the market temperature is broadly described as neutral.

---

Notable Properties

The following 3 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.