Chicago, IL 60629 Real Estate Market Report
ZIP Code: 60629
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.
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
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.
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
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 the Chicago 60629 market are approximately 6.5%, which is consistent with the average rates observed throughout early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The median sold price is 275,000, which should be treated as the primary indicator of realized market value and recent transaction activity; this level, combined with a higher median listing price of 317,000, suggests pricing friction between seller expectations and closed transactions that may require negotiated concessions to reach contract.
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Despite a neutral market temperature, price momentum is positive: year-over-year price direction is reported as up, indicating continued modest appreciation pressure that aligns with the neighborhood’s recent sales values (median sold price 275,000).
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Liquidity appears muted based on a long median days on market of 221, which indicates slower sales velocity and suggests buyers are taking longer to convert offers into closed sales even as prices trend upward.
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Rental dynamics and financing context support demand: median market rent is 1,400 with rent year-over-year trend up, while interest rate pressure is described as moderate and 30‑year fixed mortgage rates are approximately 6.5%, all of which may sustain investor and renter interest around the current median sold price 275,000.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Chicago, IL 60629 Real Estate Market Report
ZIP Code: 60629
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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
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.
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
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 the Chicago 60629 market are approximately 6.5%, which is consistent with the average rates observed throughout early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood's median sold price is 143,450, which serves as the primary indicator of market value and suggests recent transactions are concentrated around this level; given the neutral market temperature, pricing appears balanced rather than strongly directional.
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The median days on market is 345, indicating slower sales velocity that may reflect extended negotiation timelines or selective buyer activity despite balanced conditions.
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The median market rent is 1,650 and the rent year-over-year trend is up, which supports continued investor interest in SFR and condo rentals even as sales pace moderates.
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Price year-over-year trend is up while market temperature is described as neutral; interest rate pressure is moderate, and Current 30-year fixed mortgage rates in the Chicago 60629 market are approximately 6.5%, which may temper buyer affordability and contribute to the observed market balance.
Notable Properties
The following 1 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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.0% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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