Chicago, IL 60637 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

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

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 signal is the recent median sold price of 271,000, which represents the most reliable indicator of realized value and should anchor pricing and underwriting decisions; this suggests sellers who expect prices near the median listing price may face pricing friction when aligning expectations with actual transactions.
2. There is a notable spread between the median listing price of 314,500 and the median sold price of 271,000, which may indicate persistent seller asking-price optimism and suggests buyers can be selective; pricing strategies should prioritize comparables and recent sales to bridge this gap rather than relying on listing price alone.
3. Market velocity appears slow based on a median days on market of 321, which signals extended marketing timelines and slower sales velocity that may require longer transaction windows and more aggressive buyer outreach or staging to reduce time on market.
4. Rental demand and financing conditions provide mixed signals: median market rent is 1,850 and rent is trending up, but interest rate pressure is recorded as elevated (current 30-year fixed at 6.69% vs. 6.29% earlier in 2026), which may constrain buyer affordability and favor investors or cash buyers 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.