Chicago, IL 60630 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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

Key Findings

1. $402,000 median sold price establishes recent market value and represents the most reliable indicator of transaction activity in ZIP 60630; this suggests sellers should price with sold comparables foremost and buyers should anchor offers to recent closed sales rather than asking prices. neutral
2. $360,000 median listing price sits below the median sold price, which may indicate a gap between asking expectations and final transaction levels and suggests pricing friction that agents should address through comparables-driven pricing and targeted marketing.
3. 275 median days on market points to slower sales velocity and extended marketing periods for many listings, which may indicate properties requiring updates or aggressive pricing will take longer to transact—consider focused renovation allowances or staged pricing strategies to improve liquidity. down
4. $316 median price per square foot and $1,900 median market rent combined with year-over-year signals — with price trending up and rent trending up — suggest continued demand for both owner-occupier and renter markets, while moderate interest rate pressure (moderate) may temper buyer urgency; position listings to highlight rent-competitive features and financing scenarios to attract mortgage-sensitive buyers. neutral

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.