Chicago, IL 60618 Real Estate Market Report

ZIP Code: 60618
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 60618 area are approximately 6.5%, which is consistent with the average market rates observed throughout 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: $792,000 — The median sold price is the primary indicator of market value and recent transaction activity; this level, combined with a up price year-over-year trend, signals continued nominal appreciation in the neighborhood.

2. median days on market: 289 — Extended days on market point to slower sales velocity and potential pricing friction between buyer and seller expectations; sellers should expect longer marketing periods even as prices trend higher.

3. median price per square foot: $487 — Pricing on a per-square-foot basis remains firm, which supports valuations for both SFR and condominium product types and suggests buyer willingness to pay at current price density despite slower turnover.

4. median market rent: $2,200 and prevailing financing conditions (~6.5% 30-year rates) — Rent growth (up) is supportive of investor demand, but moderate interest rate pressure and the market's neutral temperature imply measured investor underwriting and a balanced risk premium for acquisitions.

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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 60618 Real Estate Market Report

ZIP Code: 60618
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 60618 area are approximately 6.5%, which is consistent with the average market rates observed throughout 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: $426,500 — The median sold price remains the primary indicator of recent market value and shows that closed transactions are occurring at a price point notably above the median listing price; this suggests a divergence between seller asking expectations and final transaction levels and may indicate pricing friction in some segments.

2. Median listing price: $335,400 — The gap between median listing price and median sold price suggests sellers may be repricing or that the sample of recent transactions included higher-end closings; this dynamic appears alongside a neutral market temperature, so buyers and sellers should expect measured negotiation rather than aggressive bidding.

3. Median days on market: 256 — Extended time-to-contract signals slower sales velocity and greater listing exposure before sale; combined with the price spread above, this may indicate selective buyer activity and the need for more targeted pricing or staging to accelerate transactions.

4. Price trend: up and Rent trend: up with Interest rate pressure: moderate — Year-over-year price and rent appreciation support positive fundamentals for both owners and investors, but moderate interest rate pressure (30-year rates ~6.5%) could temper buyer affordability; use caution and consider financing sensitivity when underwriting acquisitions.

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Notable Properties

The following 1 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.