Chicago, IL 60621 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

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. $102,000 median sold price anchors market value — recent transactions indicate modest appreciation versus listing expectations; price trends are up year‑over‑year, suggesting sellers are generally realizing gains above earlier comps.
2. $110,000 median listing price sits above the median sold price, which may indicate pricing friction between ask and achieved sale prices and selective buyer acceptance of higher offers in desirable pockets.
3. 372 median days on market points to slower sales velocity and suggests a longer decision cycle for buyers; this, combined with the listed/sold gap, appears to reflect a neutral market temperature where transactions occur but more slowly than in heated markets.
4. $98.24 median price per square foot and $1,650 median market rent support continued investor and rental demand interest; however, elevated interest rate pressure (elevated) may constrain purchase activity and favor buyers who can absorb higher financing costs.

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.