Chicago, IL 60643 Real Estate Market Report

ZIP Code: 60643
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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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.

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Key Findings

1. The primary market indicator, $245,000 median sold price, signals current realized value for recent transactions and underpins pricing expectations for SFR and condo listings in 60643.

2. With a $240,000 median listing price below the median sold price, the data suggests sellers are generally receiving prices at or above asking, supporting a hot market rather than wide discounting.

3. The 218 median days on market points to slower sales velocity compared with faster-turn markets and may indicate pricing friction or more selective buyer behavior even as the market remains hot overall.

4. Market-level trends show prices are up year-over-year and rent is also up, while interest rate pressure is elevated (elevated), which suggests continuing upward price pressure tempered by financing headwinds for some buyers.

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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.

Chicago, IL 60643 Real Estate Market Report

ZIP Code: 60643
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Key Findings

1. $147,000 median sold price remains the primary indicator of market value and recent transaction activity in 60643, reflecting a market where prices are up year-over-year and supporting a hot market temperature.

2. 298 median days on market suggests slower sales velocity than typical fast-turn markets and may indicate pricing friction or longer negotiation cycles despite elevated market temperature; this should be interpreted as reduced liquidity rather than a collapse in demand, given other strengthening signals.

3. $120,000 median listing price versus the higher median sold price points to sellers capturing premiums over asking in completed transactions, which may indicate aggressive buyer competition or undersupplied desirable units; monitor listing-to-sale outcomes for SFR and condo segments to confirm persistence.

4. $1,275 median market rent is trending up, which combined with elevated interest rate pressure, suggests worsening affordability for owner-occupiers and potential sustained investor interest in rental cash flow plays.

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Notable Properties

The following 4 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.