Market Snapshot
- Median listing price
- $377K
- Median rent
- $2,350/mo
- Days on market
- 9 days
- Gross rental yield
- 7.48%
The median listing price in Chicago, IL ZIP 60634 is $377,000 as of October 2026.
The median market rent in Chicago, IL ZIP 60634 is $2,350/month as of October 2026.
The median days on market in Chicago, IL ZIP 60634 is 9 days as of October 2026. The market is currently neutral.
At a median list price of $377,000 and a median rent of $2,350/month, the gross rental yield in Chicago, IL ZIP 60634 is 7.48% as of October 2026.
Chicago, IL 60634 Real Estate Market Report
ZIP Code: 60634
Report Date: October 2026
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
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
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 60634 area are averaging approximately 7.64%, reflecting a high-rate environment for property owners compared to earlier 2026 levels.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price $248,000 is the best current indicator of neighborhood value — recent transactions cluster around this level and suggest pricing should be anchored to actual sales rather than asking prices; use sold comps for underwriting when validating offers.
- There is a meaningful spread between median listing price $377,000 and the median sold price $248,000, which may indicate seller optimism or pricing friction; pricing gaps suggests buyers are selectively purchasing competitively priced or move-in-ready homes while overpriced properties experience longer market exposure.
- Liquidity appears measured: the median days on market 9 reflects generally prompt sales for appropriately priced listings but also implies pricing sensitivity — listings that deviate from market expectations may see slower transaction velocity.
- Macro and cost-of-capital headwinds are relevant — the market shows price year-over-year trend up and rent year-over-year trend up, but interest rate pressure elevated and local mortgage rates noted at approximately 7.64% introduce affordability constraints; elevated interest rate pressure may slow buyer activity and lengthen time-to-contract for marginal listings.
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
Sold below market average
Sold above market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 7.40% rate, 1.3% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 10/10/2026
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