Chicago, IL 60628 Real Estate Market Report

ZIP Code: 60628
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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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 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Chicago, IL 60628 are approximately 6.50% compared to an average of 5.75% in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $145,000 median sold price indicates realized market value and, when paired with the $170,000 median listing price, suggests pricing friction between list and sale outcomes that may require seller concessions or time to close transactions.

2. 189 days median days on market signals slower sales velocity and may indicate the need for more aggressive pricing or marketing to improve liquidity in a market that currently appears moderate.

3. $132.17147435897436 median price per square foot provides a unit-value benchmark to align offers and comps when evaluating individual properties; use this figure to screen for overpriced listings versus representative recent sales.

4. $1,827 median market rent and 1.91% property tax rate frame holding cost and cashflow sensitivity considerations for investors, though rental yield calculations are not available in the provided data.

5. Mortgage cost comparison (6.50% current vs 5.75% early-2026) combined with flagged elevated interest rate pressure suggests affordability headwinds that could moderate buyer activity and prolong time-to-contract unless rates or buyer incentives change.

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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.