Skokie, IL 60077 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

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.

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. The primary market indicator, the median sold price 450,000, confirms recent transaction-level value and aligns with a price trajectory that is up, suggesting continued, if measured, appreciation in the neighborhood while the market temperature remains neutral.
2. The median days on market 334 points to notably slower sales velocity and may indicate increased time for price discovery or more conditional negotiations; this longer holding period suggests pricing friction rather than immediate buying pressure and is consistent with a market that appears more balanced than overheated.
3. The median price per square foot 322 together with a median market rent 2,100 provides a data-backed cross-check for valuation benchmarks; rent is trending up, which supports income-side demand, but these metrics should be interpreted as contextual comparators rather than direct yield calculations.
4. Financing conditions remain a moderating factor: Current 30-year fixed mortgage rates are averaging 6.5% as of June 2026 and interest rate pressure is described as moderate, which may temper some buyer urgency and contribute to the observed longer time on market while not fully stalling transaction activity.

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.