Chicago, IL 60622 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. 961,000 — The neighborhood’s median sold price is the primary indicator of current market value and recent transaction activity; with the broader price trend showing up, recent sales point to moderate price appreciation in established, desirable pockets.
2. 385 median days on market signals materially slower sales velocity than typical urban turnover and suggests increased pricing friction; combined with the sampled data this appears consistent with relatively constrained active supply and may indicate selective buyer engagement rather than broad-market heat.
3. 471 price per square foot, paired with a 2,650 median market rent and an observed rent trend of up, suggests rent-supported pricing where investment and owner-occupier interest can justify premium per-square-foot values in well-located condos and SFRs.
4. elevated interest rate pressure is a negative headwind for affordability and could extend the current slower liquidity; given the market temperature is neutral, expect a balanced environment where sellers in desirable locations retain negotiating leverage but broader demand may be sensitive to further rate shifts.

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.