Chicago, IL 60637 Real Estate Market Report

ZIP Code: 60637
Report Date: April 2026
Market Temperature: HOT
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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Chicago are averaging 6.37%, which is 0.32% higher than the average rate of 6.05% seen in early March 2026.

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

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Key Findings

1. $207,450 median sold price indicates transaction-level value—price realization is softer than listing expectations and suggests sellers may need to align ask prices with recent comps. down

2. $292,000 median listing price versus sold values suggests a meaningful listing-to-sale gap that may increase negotiation time and contribute to the observed longer sales timelines. moderate

3. 282 median days on market signals slower sales velocity on closed transactions and may indicate pricing friction or selective buyer engagement; sellers should anticipate extended marketing windows.

4. $1,827 median market rent with rent trends up supports stable rental demand—this can partially offset price softness for investor considerations, but do not infer yields absent cap-rate inputs.

5. 1.53% property tax rate is a material local cost; incorporate this fixed expense when modeling affordability and net cash flow for acquisitions.

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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.