ZIP 60016 Housing Market Report
Chicago Metro
Report period: May 2026
60016 Monthly Market Update – May 2026
ZIP 60016 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$330,000
0.0%
Median DOM (Sales)
11
−21.4%
New Listings (Sales)
30
−64.3%
Median Rent
$1,950
0.0%
Median DOM (Rental)
29
−17.1%
Total Rental Listings
151
+2.7%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (9 DOM)
- Fastest renting: Townhouse (9 DOM)
- Strongest bedroom: 6 Beds ($850,000 median)
Sales Market Overview
Median Price
$330,000
0.0%
Median DOM
11
−21.4%
New Listings
30
−64.3%
Inventory
221
0.0%
- Average Price: $362,985
- Median Price: $330,000
- Price Range: $100,000 – $1,790,000
- Price per Sq Ft (Avg/Median): $243 / $234
- Square Footage (Avg/Median): 1,513 / 1,375
- Square Footage Range: 640 – 6,000
- Days on Market (Avg/Median): 28 / 11
- Days on Market Range: 1 – 323
- New Listings: 30
- Total Listings: 221
Sales by Property Type
Condo
Avg/Median Price$249,379 / $230,000Range$130,000 – $525,000Price per Sq Ft$220 / $218Sq Ft1,114 / 1,091DOM24 / 11New15Total110
Land
Avg/Median Price$556,000 / $359,100Range$100,000 – $1,790,000Price per Sq Ft—Sq Ft—DOM185 / 264New1Total7
Single Family
Avg/Median Price$512,709 / $489,000Range$220,000 – $995,000Price per Sq Ft$273 / $265Sq Ft1,998 / 1,800DOM26 / 9New9Total71
Townhouse
Avg/Median Price$378,599 / $379,900Range$199,999 – $505,000Price per Sq Ft$243 / $242Sq Ft1,572 / 1,568DOM13 / 9New5Total33
Sales by Bedroom Count
1 Beds
Avg:$175,720Median:$173,600Range:$130,000 – $270,000PSF:$214 / $211Sq Ft:830 / 774DOM:24 / 11New:5Total:25
2 Beds
Avg:$277,250Median:$274,900Range:$169,999 – $650,000PSF:$231 / $225Sq Ft:1,211 / 1,200DOM:23 / 11New:11Total:94
3 Beds
Avg:$432,332Median:$444,000Range:$199,999 – $670,000PSF:$267 / $250Sq Ft:1,673 / 1,611DOM:20 / 10New:7Total:65
4 Beds
Avg:$570,530Median:$559,000Range:$375,000 – $889,000PSF:$259 / $250Sq Ft:2,309 / 2,200DOM:24 / 9New:5Total:23
5 Beds
Avg:$560,903Median:$514,900Range:$430,000 – $749,715PSF:$213 / $215Sq Ft:2,612 / 2,525DOM:26 / 5New:1Total:5
6 Beds
Avg:$922,500Median:$850,000Range:$850,000 – $995,000PSF:$225 / $166Sq Ft:4,500 / 3,000DOM:78 / 19New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $175,720 | $173,600 | $130,000 – $270,000 | $214 / $211 | 830 / 774 | 24 / 11 | 5 | 25 |
| 2 Beds | $277,250 | $274,900 | $169,999 – $650,000 | $231 / $225 | 1,211 / 1,200 | 23 / 11 | 11 | 94 |
| 3 Beds | $432,332 | $444,000 | $199,999 – $670,000 | $267 / $250 | 1,673 / 1,611 | 20 / 10 | 7 | 65 |
| 4 Beds | $570,530 | $559,000 | $375,000 – $889,000 | $259 / $250 | 2,309 / 2,200 | 24 / 9 | 5 | 23 |
| 5 Beds | $560,903 | $514,900 | $430,000 – $749,715 | $213 / $215 | 2,612 / 2,525 | 26 / 5 | 1 | 5 |
| 6 Beds | $922,500 | $850,000 | $850,000 – $995,000 | $225 / $166 | 4,500 / 3,000 | 78 / 19 | 0 | 2 |
Rental Market Overview
Median Rent
$1,950
0.0%
Median DOM
29
−17.1%
New Listings
17
Inventory
151
+2.7%
- Average Rent: $2,306
- Median Rent: $1,950
- Rent Range: $1,150 – $9,552
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,124 / 1,000
- Square Footage Range: 307 – 3,836
- Days on Market (Avg/Median): 65 / 29
- Days on Market Range: 1 – 349
- New Listings: 17
- Total Listings: 151
Rentals by Property Type
Apartment
$1,950
Median DOM: 49
Inventory: 79
MoM: 0.0%
Condo
$1,825
Median DOM: 28
Inventory: 41
MoM: 0.0%
Single Family
$2,650
Median DOM: 16
Inventory: 23
MoM: 0.0%
Townhouse
$3,300
Median DOM: 9
Inventory: 7
MoM: 0.0%
Apartment
Avg/Median Rent$2,312 / $1,950Range$1,180 – $9,552Rent per Sq Ft$2 / $2Sq Ft994 / 900DOM94 / 49New9Total79
Condo
Avg/Median Rent$1,904 / $1,825Range$1,150 – $3,200Rent per Sq Ft$2 / $2Sq Ft1,050 / 1,000DOM44 / 28New4Total41
Multi-Family
Avg/Median Rent$2,800 / $2,800Range$2,800 – $2,800Rent per Sq Ft$2 / $2Sq Ft1,568 / 1,568DOM58 / 58New0Total1
Single Family
Avg/Median Rent$2,752 / $2,650Range$1,375 – $6,000Rent per Sq Ft$2 / $2Sq Ft1,485 / 1,173DOM35 / 16New2Total23
Townhouse
Avg/Median Rent$3,057 / $3,300Range$2,250 – $3,800Rent per Sq Ft$2 / $2Sq Ft1,476 / 1,450DOM14 / 9New2Total7
Rentals by Bedroom Count
Studio
Avg:$1,370Median:$1,180Range:$1,150 – $1,661PSF:$3 / $3Sq Ft:499 / 499DOM:28 / 28New:0Total:4
1 Beds
Avg:$1,731Median:$1,579Range:$1,375 – $2,550PSF:$2 / $2Sq Ft:779 / 760DOM:64 / 18New:4Total:27
2 Beds
Avg:$2,043Median:$1,900Range:$1,600 – $3,700PSF:$2 / $2Sq Ft:1,056 / 1,000DOM:65 / 29New:11Total:85
3 Beds
Avg:$3,262Median:$2,650Range:$2,300 – $9,552PSF:$2 / $2Sq Ft:1,390 / 1,500DOM:69 / 35New:2Total:26
4 Beds
Avg:$3,937Median:$3,400Range:$2,700 – $7,495PSF:$2 / $2Sq Ft:2,042 / 1,568DOM:56 / 15New:0Total:8
5 Beds
Avg:$6,000Median:$6,000Range:$6,000 – $6,000PSF:$2 / $2Sq Ft:3,836 / 3,836DOM:116 / 116New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,370 | $1,180 | $1,150 – $1,661 | $3 / $3 | 499 / 499 | 28 / 28 | 0 | 4 |
| 1 Beds | $1,731 | $1,579 | $1,375 – $2,550 | $2 / $2 | 779 / 760 | 64 / 18 | 4 | 27 |
| 2 Beds | $2,043 | $1,900 | $1,600 – $3,700 | $2 / $2 | 1,056 / 1,000 | 65 / 29 | 11 | 85 |
| 3 Beds | $3,262 | $2,650 | $2,300 – $9,552 | $2 / $2 | 1,390 / 1,500 | 69 / 35 | 2 | 26 |
| 4 Beds | $3,937 | $3,400 | $2,700 – $7,495 | $2 / $2 | 2,042 / 1,568 | 56 / 15 | 0 | 8 |
| 5 Beds | $6,000 | $6,000 | $6,000 – $6,000 | $2 / $2 | 3,836 / 3,836 | 116 / 116 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$339,000Median DOM:42New:49Total:245
Jan 2026
Median Price:$336,000Median DOM:38New:45Total:221
Feb 2026
Median Price:$340,000Median DOM:27New:54Total:168
Mar 2026
Median Price:$324,900Median DOM:15New:85Total:200
Apr 2026
Median Price:$330,000Median DOM:14New:84Total:221
May 2026
Median Price:$330,000Median DOM:11New:30Total:221
6-Month Rental Trend
Dec 2025
Median Rent:$1,950Median DOM:43New:34Total:148
Jan 2026
Median Rent:$1,800Median DOM:49New:28Total:138
Feb 2026
Median Rent:$1,800Median DOM:48New:27Total:136
Mar 2026
Median Rent:$1,850Median DOM:49New:26Total:135
Apr 2026
Median Rent:$1,950Median DOM:35New:39Total:147
May 2026
Median Rent:$1,950Median DOM:29New:17Total:151
Key Market Takeaways
Median sale prices held steady this month while inventory remained stable. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory increased.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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