HomeMarketCap.com

ZIP 60637 Chicago, IL Housing Market

City
Chicago
County
Cook County
State
IL
Metro area
Chicago-Naperville-Elgin, IL-IN-WI

Price, Rent & Competition

$243,686

$1,826

49 index

125

Supply & Market Activity

34

20

20.73%

Area profile & market context

Population

52,721

Population density

4,496 / sq mi

Latest market movement

Home value (MoM)

+0.39%

Inventory (MoM)

+4.17%

Buyer competition (MoM)

-7.55%

New listings (MoM)

+9.68%

Homes Pending (MoM)

-9.09%

Price cuts share (MoM)

-3.31%

Typical rent (YoY)

+6.56%

How quickly homes are selling

Selling slower

Homes appear to be going under contract more slowly in this ZIP.

This summary uses one direct sale-speed signal for this ZIP. Supporting ZIP and metro context is shown separately.

Sale-speed figures and broader market activity are shown separately. Missing sale-speed values are not estimated.

Sale-speed measures for this ZIP

  • Homes going pending

    Value: 20 · MoM: -9.09% · YoY: -20.00%

Other local market activity

  • New listings

    Value: 34 · MoM: 9.68% · YoY: 0.00%

  • Homes for sale

    Value: 125 · MoM: 4.17% · YoY: -3.10%

  • Buyer competition

    Value: 49 · MoM: -7.55% · YoY: 8.89%

  • Price cuts share

    Value: 20.73% · MoM: -3.31% · YoY: -17.25%

  • Home sales activity (metro)

    Value: 9,764 · MoM: -9.42% · YoY: 5.60%

ZIP 60637 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60637 in the Chicago housing market is $243,686, with a typical rent of $1,826 per month. That puts the local home-value-to-annual-rent ratio at 11.1.

Key stats

  • ZIP 60637 is around the 22nd percentile of tracked local ZIPs for home value.
  • ZIP 60637 is around the 11th percentile of tracked local ZIPs for buyer competition.
  • The market-level home-value-to-annual-rent ratio is 11.1.
  • 59 homes went pending for every 100 new listings in the current reading.
  • Supply increased while buyer competition eased.
Typical home value
$243,686
Typical rent
$1,826
Homes for sale
125
Buyer competition
49
New listings
34
Homes going pending
20
Listings with price cuts
20.7%
Typical home value — past 12 months
Sep 25 – Aug 26
Up 2.5% over 12 months
Typical home value up 2.5% over the last 12 months in ZIP 60637.
Typical rent — past 12 months
Sep 25 – Aug 26
Up 6.0% over 12 months
Typical rent up 6.0% over the last 12 months in ZIP 60637.
Homes for sale — past 12 months
Sep 25 – Aug 26
Down 4.6% over 12 months
Homes for sale down 4.6% over the last 12 months in ZIP 60637.
New listings — past 12 months
Sep 25 – Aug 26
Up 0.0% over 12 months
New listings up 0.0% over the last 12 months in ZIP 60637.
Homes going pending — past 12 months
Sep 25 – Aug 26
Down 16.7% over 12 months
Homes going pending down 16.7% over the last 12 months in ZIP 60637.
Buyer competition index — past 12 months
Sep 25 – Aug 26
Up 11.4% over 12 months
Buyer competition index up 11.4% over the last 12 months in ZIP 60637.
Listings with price cuts — past 12 months
Sep 25 – Aug 26
Down 24.1% over 12 months
Listings with price cuts down 24.1% over the last 12 months in ZIP 60637.

Price and rent in ZIP 60637

ZIP 60637 is around the 22nd percentile of tracked local ZIPs for home value. ZIP 60637 is around the 42nd percentile of tracked local ZIPs for rent.

ZIP 60637 home value & rent trend (past 12 months)

Typical home value rose 2.5% over the past 12 months, from $237,665 to $243,686. It rose in 10 of 11 monthly readings. The largest monthly gain was +0.6% in February 2026.

Typical rent rose 6.0% over the past 12 months, from $1,723 to $1,826. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.9% in October 2025.

How ZIP 60637 compares to Chicago

ZIP 60637's typical home value is 27.4% below the Chicago median of $335,515. ZIP 60637's typical rent is 1.9% below the Chicago median of $1,862. ZIP 60637's buyer competition is 21.0% below the Chicago median of 62.

Supply, pending activity, and competition

ZIP 60637 is around the 69th percentile of tracked local ZIPs for for-sale inventory. ZIP 60637 is around the 11th percentile of tracked local ZIPs for buyer competition. 59 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 105 and 135 — a 30-point spread across 55 comparable tracked ZIPs.

Nearby markets worth comparing

Relevant nearby ZIP pages include 60615, 60653, 60621, 60649.

Continue your market research

Sources and method

Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.

Explore ZIP Pages in Chicago

ZIP codes at a similar price in other cities

Typical home value within reach of ZIP 60637, in the other tracked markets.