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Chicago, IL 60637 Real Estate Market Report

ZIP Code: 60637
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.

Analysis Window
90 Days
Total Properties Analyzed
57
Active Listings
40
Sold Properties
17

Market Metrics

Median Listing Price
$322,500
Median Sold Price
$260,500
Median Price per Sqft
$163/sqft

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

Median Market Rent
$1,800

Property Taxes

Property Tax Rate
0.98%

Liquidity & Velocity

Median Days on Market
303
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Chicago market are 6.3% compared to the 6.1% average seen earlier in 2026, indicating that property owners who secured loans earlier this year locked in a more favorable rate.

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


Key Findings

  1. The primary market indicator is the median sold price of $260,500, which reflects recent transaction activity and—given the broader price year-over-year trend is up—suggests realized value is rising even as listing expectations differ.

  2. There is a notable gap between the median listing price of $322,500 and the median sold price of $260,500, which may indicate pricing friction where seller expectations exceed what buyers are paying; sellers should consider aligning offers or preparing for longer negotiation windows.

  3. The median days on market of 303 points to slower sales velocity relative to typical fast-moving neighborhoods; with the market temperature characterized as neutral, this suggests balanced conditions but extended time-to-contract that may require targeted marketing or tactical pricing to accelerate closings.

  4. For investors and landlords, the median price per square foot of $163 and median market rent of $1,800, alongside a rent year-over-year trend that is up and interest rate pressure described as moderate, imply rental income growth potential tempered by financing cost sensitivity—prioritize underwriting that stresses moderate rate scenarios.


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

5809 S Blackstone Ave, Chicago, IL 60637
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds
2 baths
2,448 sqft
$2,065,000
Mar 1, 2026
$844/sqft/sqft
150 days on market
5512 S Kenwood Ave, Chicago, IL 60637
Premium

Sold above market average

4 beds
3 baths
2,163 sqft
$915,000
Apr 1, 2026
$423/sqft/sqft
6625 S Woodlawn Ave, Chicago, IL 60637
Market Benchmark

Sold at market average

4 beds
1 baths
2,458 sqft
$422,436
Feb 1, 2026
$172/sqft/sqft
105 days on market
6818 S Harper Ave, Chicago, IL 60637
Premium

Sold above market average

3 beds
1 baths
1,075 sqft
$220,000
Mar 1, 2026
$205/sqft/sqft
126 days on market
6404 S Saint Lawrence Ave, Chicago, IL 60637
Market Benchmark

Sold at market average

4 beds
1 baths
1,397 sqft
$210,000
Mar 1, 2026
$150/sqft/sqft
1134 days on market
6523 S Ellis Ave, Chicago, IL 60637
Value

Sold below market average

4 beds
1 baths
1,290 sqft
$185,500
Mar 1, 2026
$144/sqft/sqft
101 days on market
6934 S Eberhart Ave, Chicago, IL 60637
Value

Sold below market average

4 beds
2 baths
1,601 sqft
$83,000
Mar 1, 2026
$52/sqft/sqft
7022 S Kimbark Ave, Chicago, IL 60637
Value

Sold below market average

2 beds
1 baths
1,385 sqft
$63,000
Feb 1, 2026
$45/sqft/sqft
256 days on market

Chicago, IL 60637 Real Estate Market Report

ZIP Code: 60637
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.

Analysis Window
90 Days
Total Properties Analyzed
33
Active Listings
16
Sold Properties
17

Market Metrics

Median Listing Price
$177,500
Median Sold Price
$235,000
Median Price per Sqft
$154/sqft

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

Median Market Rent
$2,200

Property Taxes

Property Tax Rate
1.29%

Liquidity & Velocity

Median Days on Market
353
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Chicago market are 6.3% compared to the 6.1% average seen earlier in 2026, indicating that property owners who secured loans earlier this year locked in a more favorable rate.

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


Key Findings

  1. $235,000 median sold price is the primary indicator of market value and recent transaction activity; with a price year-over-year trend of up, recent closed sales show appreciation and support continued price strength.

  2. $177,500 median listing price sits notably below the median sold price, which may indicate a pricing gap between current asking prices and realized sale values and suggests pricing friction that sellers and agents should address in negotiations.

  3. 353 median days on market signals slower sales velocity than typical turnover expectations and appears to coexist with a neutral market temperature—this combination suggests relatively constrained active supply but measured buyer activity rather than a rapidly shifting market.

  4. $2,200 median market rent and a rent year-over-year trend of up reinforce steady rental demand; however, moderate interest rate pressure (moderate) and local 30-year fixed mortgage rates around 6.3% compared to 6.1% earlier in 2026 may temper buyer financing capacity in the near term.


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

1363 E 64th St Apt 1, Chicago, IL 60637
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
- baths
2,300 sqft
$300,000
Jan 1, 2026
$130/sqft/sqft
576 days on market
6123 S Kimbark Ave Unit 1n, Chicago, IL 60637
Premium

Sold above market average

3 beds
- baths
1,500 sqft
$293,000
Jun 1, 2025
$195/sqft/sqft
427 days on market
6526 S Kimbark Ave Unit 1n, Chicago, IL 60637
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
- baths
1,700 sqft
$240,000
Aug 1, 2025
$141/sqft/sqft
543 days on market
6614 S Ingleside Ave Apt 1s, Chicago, IL 60637
Premium

Sold above market average

2 beds
- baths
954 sqft
$192,000
Jan 1, 2026
$201/sqft/sqft
330 days on market
1450 E 55th Pl Apt 217s, Chicago, IL 60637
Premium

Sold above market average

2 beds
- baths
850 sqft
$160,000
Sep 1, 2025
$188/sqft/sqft
463 days on market
1450 E 55th Pl Apt 217s, Chicago, IL 60637
Premium

Sold above market average

2 beds
- baths
850 sqft
$160,000
Sep 1, 2025
$188/sqft/sqft
463 days on market
1471 E 69th St Apt 3, Chicago, IL 60637
Value

Sold below market average

2 beds
- baths
1,300 sqft
$155,000
Jun 1, 2025
$119/sqft/sqft
585 days on market
1471 E 69th St Apt 3, Chicago, IL 60637
Value

Sold below market average

2 beds
- baths
1,300 sqft
$155,000
Jun 1, 2025
$119/sqft/sqft
585 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$221/mo
60637 Avg Rent
60637 Cost to Own
Rent$1,800
Own$1,579

20% down, 6.3% rate, 1.0% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

60637 Avg nightly rate
60637 Avg occupancy (days/year)
Nightly rate$188/night
Occupancy128 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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