Chicago, IL 60628 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

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

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 is the median sold price: 140,000, which represents the most reliable recent transaction signal and suggests realized value is well below asking expectations in the sample; the median listing price: 199,950 creates a noticeable spread that may indicate pricing friction between sellers and buyers.
2. Liquidity is slow: the median days on market: 211 points to extended marketing times and slower sales velocity, which may give buyers room to negotiate and suggests sellers should temper price expectations or market concessions to accelerate transactions.
3. Supply appears relatively constrained in the analyzed sample (sample-based observation), so the median price per square foot: 130 is an important benchmark for underwriting and price comparisons; sellers with sub‑market finishes should expect limited upside, while buyers should target properties at or below this per‑sqft level to capture value.
4. Macro and rental context: the median market rent: 1,500 combined with a rent year-over-year trend: up highlights growing rental demand as an alternative exit; financing conditions show Current 30-year fixed mortgage rates in Chicago, IL, are averaging approximately 6.5% as of June 2026, with moderate interest rate pressure that could keep some buyers sidelined near-term.

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.