Chicago, IL 60629 Real Estate Market Report

ZIP Code: 60629
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.

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Key Findings

1. $275,000 median sold price confirms recent transaction values are below asking, suggesting sellers should align offers to realized sale levels; balance in the market supports pricing discipline rather than aggressive markups.

2. $317,450 median listing price indicates a pricing gap versus sold prices, so agents should consider priced-to-compete strategies and staged marketing to reduce the observed 207 days median days on market.

3. 207 days median days on market signals slower sales velocity; sellers should plan for longer listing lifecycles and buyers can expect more negotiation time, so structure offers with realistic timelines.

4. 232.3382556603223 median price per square foot combined with the $275,000 median sold price helps set hyperlocal comps; underwrite offers using these realized metrics rather than listing ambition.

5. With $1,827 median market rent and a 1.91% property tax rate, short-term rental stability and predictable holding costs favor buy-and-hold strategies only if underwriting assumes the reported flat rent trend and moderate interest rate pressure remain unchanged.

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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.