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Chicago, IL 60619 Real Estate Market Report

ZIP Code: 60619
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.


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.

Analysis Window
90 Days
Total Properties Analyzed
122
Active Listings
55
Sold Properties
67

Market Metrics

Median Listing Price
$232,000
Median Sold Price
$172,750
Median Price per Sqft
$148/sqft

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.


Rental Market

Median Market Rent
$1,350

Property Taxes

Property Tax Rate
1.18%

Liquidity & Velocity

Median Days on Market
219
Sale-to-List Ratio
100.0%

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

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 60619 area are averaging 6.5%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. 172,750 is the median sold price and serves as the primary indicator of realized market value in 60619, with a noticeable gap to the median listing price of 232,000 that may indicate pricing friction between seller expectations and closed transactions.

  2. 219 median days on market point to materially slower sales velocity relative to a typical quick-turn market and suggests slower transaction velocity rather than immediate liquidity.

  3. neutral market temperature combined with a year-over-year price trend of up suggests a balanced market where moderate appreciation is occurring without overheating, and median market rent of 1,350 with rent trend up reinforces steady rental demand.

  4. 6.5% average current 30-year fixed mortgage rates and an elevated interest rate pressure signal tighter affordability headwinds for buyers, which may constrain buyer pool depth and prolong time-to-contract in the near term (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.

Recent Transactions

101 E 89th Pl, Chicago, IL 60619
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
2 baths
1,869 sqft
$399,000
Feb 1, 2026
$213/sqft/sqft
518 E 90th St, Chicago, IL 60619
Value

Sold below market average

4 beds
1 baths
3,200 sqft
$385,000
Feb 1, 2026
$120/sqft/sqft
121 days on market
7133 S Indiana Ave, Chicago, IL 60619
Premium

Sold above market average

3 beds
1 baths
1,290 sqft
$335,000
Apr 1, 2026
$260/sqft/sqft
64 days on market
9227 S University Ave, Chicago, IL 60619
Premium

Sold above market average

2 beds
1 baths
667 sqft
$201,449
Feb 1, 2026
$302/sqft/sqft
518 E 95th St, Chicago, IL 60619
Premium

Sold above market average

3 beds
1 baths
1,000 sqft
$199,000
Apr 1, 2026
$199/sqft/sqft
77 days on market
8110 S Prairie Ave, Chicago, IL 60619
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
2,218 sqft
$198,000
Apr 1, 2026
$89/sqft/sqft
1014 E 93rd St, Chicago, IL 60619
Value

Sold below market average

3 beds
2 baths
760 sqft
$69,500
Feb 1, 2026
$91/sqft/sqft
150 days on market
456 E 91st Pl, Chicago, IL 60619
Value

Sold below market average

4 beds
2 baths
1,863 sqft
$65,000
Feb 1, 2026
$35/sqft/sqft
150 days on market

Chicago, IL 60619 Real Estate Market Report

ZIP Code: 60619
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.


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.

Analysis Window
90 Days
Total Properties Analyzed
69
Active Listings
2
Sold Properties
67

Market Metrics

Median Listing Price
$64,900
Median Sold Price
$57,000
Median Price per Sqft
$90/sqft

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.


Rental Market

Median Market Rent
$1,595

Property Taxes

Property Tax Rate
0.64%

Liquidity & Velocity

Median Days on Market
332
Sale-to-List Ratio
100.0%

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

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 60619 area are averaging 6.5%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. The neighborhood's primary market indicator, the 57,000 median sold price, signals low absolute transaction values and should be used as the representative recent sale benchmark when underwriting or pricing comparables; use conservative repair and comp adjustments given this local baseline.

  2. The 332 median days on market points to slower sales velocity and extended listing-to-contract timelines, which may indicate pricing friction or buyer caution; plan for longer marketing windows when forecasting time-to-close or carrying costs.

  3. The 1,595 median market rent combined with a year-over-year rent trend of up suggests steady rental demand supporting buy-and-hold strategies, but investors should stress-test assumptions against the region's elevated interest rate pressure.

  4. Current mortgage pricing context shows 6.5% average 30-year fixed rates in the area while the market temperature is neutral, and price year-over-year trend is up; this mix implies moderate price appreciation potential, but financing costs are a material headwind—structure offers and hold-periods accordingly.


Notable Properties

The following 2 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.

Recent Transactions

8136 S Drexel Ave Apt 3, Chicago, IL 60619
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

2 beds
- baths
975 sqft
$69,900
$72/sqft/sqft
84 days on market
8125 S King Dr Apt D1, Chicago, IL 60619
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
1 baths
700 sqft
$59,900
$86/sqft/sqft
105 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$274/mo
60619 Avg Rent
60619 Cost to Own
Rent$1,350
Own$1,076

20% down, 6.3% rate, 1.2% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

60619 Avg nightly rate
60619 Avg occupancy (days/year)
Nightly rate$145/night
Occupancy112 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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