Chicago, IL 60643 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. median sold price: $248,000 is the primary indicator of market value in ZIP 60643 and reflects realized transaction prices in recent activity; given the reported market temperature is hot, sellers can expect firm pricing on closed deals relative to historical asking behavior.
2. median listing price: $330,000 sits noticeably above the median sold price and may indicate a portion of seller expectations that are not yet realized; this pricing gap, together with a relatively constrained active supply, suggests pricing friction that agents should manage via targeted comps and calibrated list-to-contract strategies.
3. median days on market: 137 signals slower sales velocity than a rapid-turn market and may indicate that properties require more marketing or price alignment to reach contract — this should be factored into time-to-close projections and holding cost estimates.
4. median price per square foot: $182 and median market rent: $2,100 combined with rent year-over-year trend up and interest rate pressure elevated suggest continuing demand for rentals but constrained purchase affordability; lenders and investors should account for the reported 30-year fixed rate averaging 6.59% when modeling financing sensitivity and buyer qualification risks.

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.