Chicago, IL 60622 Real Estate Market Report

ZIP Code: 60622
Report Date: May 2026
Market Temperature: HOT
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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The neighborhood's primary market indicator, median sold price $919,000, indicates elevated transaction values relative to broader Chicago submarkets and should be treated as the representative recent sale benchmark when pricing listings or offers.

2. Despite the high median sold price, liquidity shows signs of slower velocity: median days on market 365 suggests properties are taking longer to close, which may indicate pricing friction or longer negotiation windows even as the market remains active.

3. Pricing efficiency is strong on a per-unit basis: median price per square foot $517 sets a clear competitive threshold for appraisals and comps; sellers should align asking strategy with this per‑square‑foot benchmark to avoid extended time on market.

4. Market context shows a hot market temperature with prices and rents trending upward (up for price year‑over‑year trend and up for rent year‑over‑year trend), but elevated interest rate pressure elevated may curb affordability and requires cautious pricing and marketing strategies to sustain velocity.

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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 60622 Real Estate Market Report

ZIP Code: 60622
Report Date: May 2026
Market Temperature: HOT
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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. $549,900 median sold price is the primary indicator of recent market value in 60622; with a $462,500 median listing price also present, this divergence suggests seller expectations and recent transaction prices remain elevated, supporting a market where closed deals are tracking above many asking prices.

2. The market temperature is hot, and the price year-over-year trend is up, indicating continued upward price momentum; combined with a rent year-over-year trend that is up, this supports investment interest but also elevated interest rate pressure that may temper some buyer urgency.

3. Long transaction times are evident with a median days on market of 232, which suggests slower sales velocity and potential pricing friction despite rising sold prices; this may indicate that some sellers need prolonged exposure to reach the $549,900 median sold price.

4. Inventory appears to be a factor in market dynamics—there is a relatively constrained active supply in the analyzed sample, which, along with a hot market temperature, may sustain upward pressure on sold prices but also increase sensitivity to rising borrowing costs and longer listing durations.

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Notable Properties

The following 3 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.