Chicago, IL 60613 Real Estate Market Report

ZIP Code: 60613
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Chicago, IL (ZIP: 60613) is characterized by a median sold price of $1,350,000, reflecting a stable market with moderate price appreciation. The neighborhood has experienced a year-over-year price trend that is up, indicating a strengthening market despite elevated interest rate pressure. This suggests that buyers are still willing to invest at higher price points, which may be attributed to the overall desirability of the area and its amenities.

Transaction activity appears to be moderate, with median days on market reported at 331 days. This extended duration may indicate slower sales velocity, which could be a result of elevated inventory levels relative to sales activity. However, the market temperature remains neutral, suggesting a balanced dynamic between buyers and sellers. The median market rent stands at $3,260, which also reflects stable rental growth, further supporting the attractiveness of the area for potential investors and renters alike.

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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.

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Key Findings

1. The median sold price of $1,350,000 indicates a strong market presence, with prices trending up year-over-year.

2. With median days on market at 331, the market is experiencing slower sales velocity, suggesting potential pricing friction.

3. Elevated interest rate pressure may be influencing buyer affordability, yet the market temperature remains neutral, indicating a balanced buyer-seller dynamic.

4. The median market rent of $3,260 shows stable rental growth, which may attract more renters to the area.

5. Overall, elevated inventory levels suggest excess supply relative to sales activity, which could impact future pricing strategies.

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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.