Chicago, IL 60613 Real Estate Market Report

ZIP Code: 60613
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.

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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 the 60613 area are averaging 6.5%, reflecting a stable market environment for property owners compared to early 2026 origination benchmarks.

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. The neighborhood's primary market value signal is the median sold price of 1,294,500, which should be treated as the representative recent sale benchmark for pricing decisions; representative recent sale supports using realized transactions over ask-based signals.

2. The median days on market is 364, indicating slower sales velocity and meaningful holding time for sellers—this suggests pricing friction and that sellers may need realistic pricing or staging to accelerate offers.

3. Price metrics show a strong per-unit basis with a median price per square foot of 534 while the price year-over-year trend is up, signaling measured appreciation and supporting moderately aggressive pricing for competitively positioned SFR and condominium listings.

4. Rental demand remains firm with a median market rent of 2,300 and the rent year-over-year trend is up; interest rate pressure is described as moderate and mortgage rates are averaging 6.5%, which may keep some buyers rate-sensitive but preserve steady investor interest in rental cashflow.

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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.

Chicago, IL 60613 Real Estate Market Report

ZIP Code: 60613
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.

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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

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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 the 60613 area are averaging 6.5%, reflecting a stable market environment for property owners compared to early 2026 origination benchmarks.

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. The neighborhood's primary market value indicator is the median sold price of $299,900, reflecting realized transaction levels while the price year-over-year trend is up, which supports measured appreciation in recent sales activity.

2. The median listing price of $269,000 sits below the median sold price of $299,900, which may indicate pricing dispersion between current asks and representative recent sale outcomes or that closed transactions skew toward higher-quality or better-located units; this gap suggests pricing friction that sellers and buyers should note when setting expectations.

3. Liquidity appears muted with a median days on market of 203, consistent with slower sales velocity; combined with a relatively constrained active supply in the analyzed sample, this suggests transactions may take longer to execute and that sellers should plan for extended marketing windows — slower market movement.

4. Rental demand trends remain positive with median market rent at $2,460 and a rent year-over-year trend that is up; at the same time, interest rate pressure is described as moderate and Current 30-year fixed mortgage rates in the 60613 area are averaging 6.5%, which keeps financing costs elevated compared to lower-rate environments and may temper buyer affordability despite rising rents.

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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.