Chicago 60653

Cook County, IL · 18,106 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

18affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
50%
severe
Days on market
73
daily
Price cuts
14.1%
of active
Valuation
+41.3%
vs assessor
Look up an address
36
/100
Weak
warming · balanced · prices rising year-over-year.
Price trend
70
Affordability
10
Valuation
35
Economic health
18

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

56/ 100SellerBalancedBuyer
Balanced Market
Needs 40% correction for affordability
DOM: 109d (falling) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)100
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)25
Cancellation Rate (10%)0
Days on Market (5%)100

Balanced market in 60653. List price is roughly fair — focus on condition and value. Payment burden: 50.0% of median income. A 30% price correction needed to reach 30% affordability threshold. Median days on market: 109. Renting is approximately 14% cheaper than buying (price-to-rent ratio: 13.7).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
WARMINGBALANCED

Market is warming with rising prices. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$326,166
▴ 1.5% YoY
Days on market
73
daily · zip_data
Median rent
$1,977
ZORI
Investor score
79/100
cash-flow lens
Active listings
82
90-day

Valuation3 lenses, different anchors

vs assessor
+41.3%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$461,000
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+44.5%
County-wide market — the widest, slowest signal.
Cook+44.5%
Cook+44.5%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$188
Price-to-income8.2×

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How 60653 ranks in IL
percentile vs all Illinois ZIPs · n=1303
Market velocity26%
Supply tightness0%
Affordability0%
Investment yield68%
Appreciation15%

Affordability, supply & momentum

18SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply25.1 mo
Days on Market73d
Inv vs History-7.8%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$1,648
Payment burden50%
Median income · ZIP$39,565
Mortgage rate6.49% · 30yr
Total monthly own$1,974
Monthly rent$1,977
Market dynamics
Price cut %14.1%
Momentumwarming
LeverageBALANCED
Months of supply25.1
Sales (90d)0
Investment analysis
Median rent$1,977
Price-to-rent13.7
Est. cap rate4.7%
Buy vs rentfavors buying

Livability

Walk score11
Transit score60
Bike score

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Cook County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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