60647 — Cook County, Illinois Market Snapshot
Housing market data for zip code 60647 in Cook County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
55 sales in 2026 (year to date)
Median Sale Price
$1,215,000
Days to Sell
40
Homes Sold
55
Inventory
45
Sale-to-List
104.0%
New Listings
90
Price/SqFt
$456
Pending Sales
74
Jumbo Loan Likely Needed
The median home in 60647 at $1,215,000 exceeds the 2026 conforming loan limit of $832,750 by $382,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
60647's market is balanced with homes taking an average of 40 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes in 60647 are selling 4.0% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
The median home in 60647 at $1,215,000 exceeds the 2026 conforming loan limit of $832,750 by $382,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 60647 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 60647
To purchase the median home at $1,215,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $9,459.
Monthly Payment
$9,459
Income Required
$405,383
Principal & Interest
$7,486/mo
Down Payment (5%)
$60,750
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 60647.
Estimated Monthly Payment
$7,669
Jumbo loan required. Loan amount exceeds the $832,750 conforming limit for 60647.
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