Clarendon Hills, IL 60514 Real Estate Market Report

ZIP Code: 60514
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

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 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Clarendon Hills, IL are 6.35%, reflecting a stable market environment for property owners in this area compared to earlier in 2026.

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. The primary market indicator is the 664,900 median sold price, which anchors recent transactions and signals a relatively strong price point for Clarendon Hills compared with broader regional context; hot market temperature appears to support seller pricing power.

2. Despite a 664,900 median sold price, liquidity appears muted with a median days on market of 371, which suggests slower sales velocity and potential pricing friction for sellers who need quick closings; down year-over-year price trend may be contributing to extended marketing durations.

3. Price efficiency remains high on a unit basis with a median price per square foot of 391, indicating stable per-unit valuation for both single-family and condominium transactions even as headline prices show down movement year-over-year.

4. Rental market strength (with a median market rent of 2,700 and a up rent year-over-year trend) combined with elevated interest rate pressure and a hot market temperature suggests continued investor and landlord interest, while buyers face affordability headwinds from current mortgage rates.

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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.

Clarendon Hills, IL 60514 Real Estate Market Report

ZIP Code: 60514
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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Clarendon Hills, IL are 6.35%, reflecting a stable market environment for property owners in this area compared to earlier in 2026.

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. median sold price $299,000 is the primary indicator of market value and recent transaction activity, and it accompanies a year-over-year price trend that is down, suggesting recent sold prices are softer than the prior year despite broader regional stability.

2. median days on market 224 indicates a prolonged sales cadence that may signal pricing friction or slower transaction velocity even as the market is labeled hot, so sellers should consider realistic pricing and buyers may find more negotiation leverage over time.

3. median price per square foot $243 combined with a strong rental profile (median market rent $2,700) and a rent year-over-year trend that is up suggests investor interest remains supported by rising rents, making buy-and-hold strategies more attractive if purchase pricing aligns with local sold comps.

4. Current 30-year fixed mortgage rates in Clarendon Hills, IL are 6.35%, and with interest rate pressure characterized as elevated, expect higher financing costs to continue influencing affordability and potentially tempering buyer urgency despite the area's hot market temperature.

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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.