Chicago, IL 60617 Real Estate Market Report

ZIP Code: 60617
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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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.

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Key Findings

1. $175,000 median sold price signals transaction-level market value and suggests sellers should price to recent closed comps rather than higher asking points; pricing friction may exist where asking and sold prices diverge.

2. $209,949.5 median listing price vs. closed sales implies a spread that may encourage negotiated concessions or longer marketing periods for listings that do not align with recent sales.

3. 191 days median days on market indicates slower sales velocity, which may require sellers to be patient on pricing and buyers to expect longer negotiation and inspection timelines; this is consistent with a neutral market temperature.

4. $155.84415584415584 median price per square foot and $1,827 median market rent, combined with a 1.91% property tax rate, provide a stable valuation backdrop for underwriting—but rental growth is reported as flat, so do not assume near-term rent-driven appreciation.

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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.