Chicago, IL 60613 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 market signal is the median sold price of $1,071,000, which anchors recent transaction values and suggests achievable pricing for representative recent sale comps; up price year-over-year trend supports continued modest appreciation.
2. Pricing intensity is reflected in a $541 median price per square foot, paired with a $2,349 median market rent—together these figures indicate strong per-unit pricing and rental market support; rent year-over-year trend is up, reinforcing income-side demand.
3. Market velocity appears slow based on a 387 median days on market, which suggests slower sales velocity and potential pricing friction; given the analyzed sample shows relatively constrained active supply, this may indicate selective buyer activity rather than broad market overheating; market temperature remains neutral.
4. Financing and carry costs are a factor: interest rate pressure is moderate, which may temper bidding aggression and lengthen decision timelines; combined with a neutral market temperature, this points to balanced negotiation leverage for informed sellers and buyers — proceed with measured pricing and contingency planning.

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.