Chicago, IL 60618 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

Key Findings

1. median sold price: $881,500 — The median sold price establishes current market value and points to sustained demand for SFR and condo stock in 60618; combined with the reported sample analysis, this appears to reflect representative recent sale pricing rather than asking-price expectations. up.
2. median days on market: 298 — Extended median days on market suggests slower sales velocity and greater time-to-contract, which may create pricing friction for sellers who need faster liquidity; pricing and condition will matter more given this slower turnover.
3. median price per square foot: $481 and median market rent: $2,200 — High price-per-square-foot alongside growing rents indicates strong rent comparables supporting valuation for condos and smaller SFRs; investors should weigh the elevated acquisition cost per foot against the upward rent trend. up.
4. Inventory and market balance context — Sample analysis indicates relatively constrained active supply in recent transactions, which, when combined with a market temperature: neutral reading, suggests a balanced market where pricing must align with completed-sale benchmarks; additionally, interest rate pressure: elevated may continue to temper buyer urgency even as the price year-over-year trend: up and rent year-over-year trend: up support underlying demand. elevated interest rate pressure.

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.