Chicago, IL 60614 Real Estate Market Report

ZIP Code: 60614
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 Chicago IL 60614 are 6.5% compared to 6.1% when typical loans in this area originated earlier in 2026.

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. median sold price: $1,650,000 — Recent transactions center on this value, which should be treated as the primary indicator of market value; the relatively long median days on market of 351 suggests a slower sales velocity that may reflect deliberate buyer selection and pricing friction rather than rapid turnover. stable but slower demand

2. median listing price: $2,895,000 vs the median sold price indicates a material gap between asking and realized prices that may reflect elevated seller expectations or a small subset of premium listings; sellers should consider aligning asks with recent transaction benchmarks to improve sale prospects. pricing friction

3. median price per square foot: $636 — At this price per square foot, valuation sensitivity is high for unit-size and amenity differences; combined with a relatively constrained active supply in the analyzed sample, this suggests negotiated deals may be common and appraisals should be closely managed. contextual

4. price year-over-year trend: up and rent year-over-year trend: up, while interest rate pressure: moderate — Rent growth supports investor interest but moderate interest rate pressure and the current mortgage rate environment (Current 30-year fixed mortgage rates in Chicago IL 60614 are 6.5% compared to 6.1% when typical loans in this area originated earlier in 2026) may temper buyer affordability; under these conditions, expect measured price appreciation and continued strength in rental demand. positive momentum

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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 60614 Real Estate Market Report

ZIP Code: 60614
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 Chicago IL 60614 are 6.5% compared to 6.1% when typical loans in this area originated earlier in 2026.

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 primary indicator of market value is the median sold price of 504,500, which signals realized transaction pricing and suggests the neighborhood is experiencing appreciation consistent with the reported price year-over-year trend being up.

2. There is a pronounced gap between the median listing price of 230,000 and the median sold price of 504,500, which may indicate pricing friction or a divergence between seller expectations and recent closed transactions rather than a uniform market repricing.

3. Liquidity appears subdued on velocity measures given a long median days on market of 206, which points to slower transaction cadence even as the market temperature is characterized as neutral—this suggests balanced negotiation leverage between buyers and sellers rather than a one-sided market.

4. Rental fundamentals show strength with a median market rent of 3,300 and a rent year-over-year trend reported as up, while interest rate dynamics are a caution: interest rate pressure is described as moderate and local 30-year fixed mortgage rates are noted as higher than earlier in 2026, which may temper buyer affordability and transaction volume.

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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.