Chicago, IL 60614 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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price $1,792,500 is the primary indicator of current market value and recent transaction activity; this level, coupled with a median listing price $2,695,000, suggests a meaningful gap between asking and realized prices that may indicate pricing friction rather than a straightforward premium for listed inventory.
2. median sold price $1,792,500 alongside a median days on market 364 points to slower sales velocity for properties that transact; the extended marketing period appears consistent with neutral market temperature, implying buyers and sellers are negotiating under balanced conditions.
3. median sold price $1,792,500 with a median price per square foot 651 supports a high-value, luxury-oriented price tier in 60614; this price density, together with rising rents (median market rent $2,651 and rent year-over-year trend up), suggests sustained demand for higher-quality SFR and condominium inventory.
4. median sold price $1,792,500 should be viewed in the context of financing headwinds: interest rate pressure is assessed as moderate with local 30-year fixed mortgage rates averaging approximately 6.69%, which may temper buyer urgency even as price year-over-year trend remains up.

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.