Chicago, IL 60628 Real Estate Market Report

ZIP Code: 60628
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

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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.

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Key Findings

1. The neighborhood’s primary indicator, median sold price, is 159,000, which represents the best current signal of realized market value and recent transaction activity; given the market temperature is neutral, this level suggests stable, modest appreciation rather than sharp movement.

2. There is a meaningful spread between the median listing price of 170,000 and the median sold price of 159,000, which may indicate pricing friction where seller expectations exceed completed transaction prices; sellers should consider aligning list strategy to recent sold comparables to avoid extended time on market.

3. The median days on market is 211, signaling slower sales velocity and longer marketing periods; combined with elevated inventory relative to sales activity, this appears to favor more selective buyer negotiation and requires focused marketing or pricing adjustments to accelerate transactions.

4. Rental fundamentals remain supportive: the median market rent is 1,500 and the rent year-over-year trend is up, indicating continued rental demand that bolsters investor interest, though moderate interest rate pressure and a neutral market temperature counsel cautious underwriting and financing sensitivity analysis.

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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.