Chicago, IL 60643 Real Estate Market Report

ZIP Code: 60643
Report Date: April 2026
Market Temperature: NEUTRAL
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 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Chicago, IL 60643 are averaging 6.50% as of April 9, 2026, which is 0.15% higher than the average rate of 6.35% recorded a year ago.

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. $222,000 median sold price is the best indicator of realized value and suggests that a meaningful gap between asking and sold prices is present, which may indicate pricing friction for sellers who maintain higher asking levels.

2. 200 days median days on market points to slower sales velocity; sellers should expect longer marketing windows and consider staging or targeted pricing to accelerate transactions.

3. $272,450 median listing price versus the median sold price suggests sellers are testing higher price points, so buyers can be selective while sellers may need to align expectations to close within the observed sales range.

4. $1,827 median market rent and a rising rent trend support holding properties for rental income, but acquisition decisions should account for current financing at 6.50% 30-year fixed rates and moderate interest rate pressure.

5. $183.6195508586526 per sqft median price per square foot and a property tax rate of 1.9% are important inputs for underwriting; investors should model sensitivity to longer days on market and the current neutral market temperature when projecting hold vs. flip strategies.

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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.