Chicago, IL 60621 Real Estate Market Report

ZIP Code: 60621
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 Chicago are 6.30%, which is 0.24% higher than the 6.06% average observed in January 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. $129,000 is the median sold price and serves as the primary indicator of market value and recent transaction activity in ZIP 60621; this level, combined with a notably higher median listing price, suggests pricing friction between seller expectations and actual sale outcomes.

2. 313 median days on market indicates materially slower sales velocity and suggests that transactions are taking substantially longer to close, which may reflect buyer caution and reduced liquidity in the SFR and condo segments.

3. $1,686 median market rent, together with the up rent year-over-year trend, indicates strengthening rental demand that could support investment interest even as for-sale price momentum is softening.

4. 6.30% current 30-year fixed mortgage rate in Chicago (noted as 0.24% higher than the 6.06% January 2026 average) contributes to elevated interest rate pressure and may be suppressing buyer purchasing power despite a market temperature characterized as neutral.

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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.