Clarendon Hills, IL 60514 Real Estate Market Report

ZIP Code: 60514
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Clarendon Hills, IL is currently characterized by a median sold price of $708,000, reflecting a robust demand despite some fluctuations in listing prices. The neighborhood has increased 15% since 2023, indicating a strong appreciation in property values. This upward trend in sold prices suggests that buyers are willing to pay a premium for homes in this area, which is supported by the overall economic fundamentals in the Chicago metropolitan region.

Market activity shows 338 median days on market, indicating a slower sales velocity, which may suggest a degree of pricing friction as buyers take their time to make decisions. The current inventory conditions reveal elevated inventory levels, with excess supply relative to sales activity, which could impact future pricing dynamics. The median listing price stands at $449,900, highlighting a significant gap between asking prices and actual sold prices, which may reflect seller expectations that are not fully aligned with market realities.

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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.

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Key Findings

1. The median sold price of $708,000 reflects a strong demand for properties in Clarendon Hills, indicating a healthy market environment.

2. With 338 median days on market, the area is experiencing slower sales velocity, suggesting that buyers are taking longer to finalize their purchases.

3. The median listing price of $449,900 shows a notable gap compared to the sold price, indicating potential pricing friction in the market.

4. Current market conditions are characterized by hot temperature, suggesting competitive conditions for sellers despite elevated inventory levels.

5. The median market rent of $2,172 remains stable, reflecting consistent renter demand in the area.

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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.