Near North Side, Chicago, IL Real Estate Market

Sellers in the luxury segment are seeing strong results, with the overall median sale price at $1,750,000 and larger properties commanding significantly more, including 5-bedroom homes at $3,595,000 and 6-bedroom homes at $3,995,000. A median of 44 days on market indicates that well-priced homes are attracting buyers at a steady pace, making accurate pricing from day one a critical advantage.

Buyers in 60610 have meaningful flexibility across budgets, with studios available at a median of $189,900, 1-bedroom homes at $300,000, and 2-bedroom properties at $475,000. Knowing your target bedroom count will help you navigate this wide pricing landscape, especially while financing at the current 30-year mortgage rate of 6.37%.

Rental inventory in 60610 is substantial at 1,141 units, with a median rent of $2,600 per month providing a useful baseline for evaluating income potential. Two-bedroom rentals are commanding $3,900 per month against a median 2-bedroom sale price of $475,000, which may represent a workable entry point for investors seeking income-producing properties in this area.

The 30-year fixed mortgage rate currently sits at 6.37% and the 15-year fixed rate is at 5.72%, both of which carry considerable weight when financing properties near the median sale price of $1,750,000. Even small rate movements translate into thousands of dollars in additional annual carrying costs at this price level, so buyers should model multiple payment scenarios before committing.