Chicago, IL 60617 Real Estate Market Report

ZIP Code: 60617
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

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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 Chicago 60617 area are approximately 6.4%, reflecting a stable market environment compared to the average rates observed throughout early 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 neighborhood's primary market value indicator is the median sold price of $179,900, which represents recent transaction-level pricing and, with price trends are up, signals ongoing upward pressure on sale prices.

2. There is a meaningful gap between the median listing price of $225,000 and the median sold price, which may indicate pricing friction where seller expectations exceed recent transaction prices; consider pricing competitively to avoid extended marketing time.

3. The median days on market of 199 points to slower sales velocity and reduced liquidity relative to faster-moving markets; pricing accuracy and targeted marketing may be needed to shorten time to contract.

4. Rental and financing context: the median market rent of $1,475 combined with rent trends are up supports landlord income growth prospects, while financing conditions—Current 30-year fixed mortgage rates in the Chicago 60617 area are approximately 6.4%—and moderate interest rate pressure suggest affordability headwinds that could temper buyer activity.

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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.