Chicago, IL 60642 Real Estate Market Report

ZIP Code: 60642
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Chicago (60642) real estate market is currently characterized by a median sold price of $825,000, reflecting a stable market condition. The neighborhood has experienced an upward trend in prices, with the most recent data indicating a positive shift. This solid pricing is supported by strong local economic signals and job creation, despite the challenges posed by elevated interest rates.

Transaction activity appears moderate, with 310 days on market indicating a slower sales velocity. Elevated inventory levels suggest that while there is a healthy demand, the supply is somewhat constrained relative to sales activity. This balance may indicate a shift towards more stable market conditions as sellers adjust their expectations in response to current economic factors.

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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

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.

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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 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.

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Key Findings

1. The median sold price of $825,000 indicates a strong market value, reflecting recent buyer activity.

2. With 310 days on market, properties are experiencing slower sales velocity, suggesting potential pricing friction.

3. The median market rent stands at $2,740, highlighting robust rental demand in the area.

4. The market temperature is currently neutral, indicating balanced conditions between buyers and sellers.

5. Despite elevated interest rate pressure, the market shows a year-over-year trend of prices being up, suggesting resilience in the local economy.

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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.