60062 — Cook County, Illinois Market Snapshot
Housing market data for zip code 60062 in Cook County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
27 sales in 2026 (year to date)
Median Sale Price
$622,549
Days to Sell
44
Homes Sold
27
Inventory
19
Sale-to-List
102.1%
New Listings
40
Price/SqFt
$271
Pending Sales
30
Conforming Loan Available
Most homebuyers in 60062 can comfortably use conventional financing. The median home price of $622,549 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
60062's market is balanced with homes taking an average of 44 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes in 60062 are selling 2.1% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 60062 can comfortably use conventional financing. The median home price of $622,549 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 60062 are set at the county level.
2026 Loan Limits — Cook County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 60062
To purchase the median home at $622,549 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,920.
Monthly Payment
$4,920
Income Required
$210,847
Principal & Interest
$3,836/mo
Down Payment (5%)
$31,127
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 60062.
Estimated Monthly Payment
$4,003
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