ZIP 60016 Housing Market Report
Chicago Metro
Report period: July 2026
60016 Monthly Market Update – July 2026
ZIP 60016 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$349,900
0.0%
Median DOM (Sales)
8
−11.1%
New Listings (Sales)
51
−49.5%
Median Rent
$1,950
0.0%
Median DOM (Rental)
28
−3.4%
Total Rental Listings
129
−1.5%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (6 DOM)
- Fastest renting: Single Family (11 DOM)
- Strongest bedroom: 7 Beds ($1,595,000 median)
Sales Market Overview
Median Price
$349,900
0.0%
Median DOM
8
−11.1%
New Listings
51
−49.5%
Inventory
242
+2.5%
- Average Price: $379,535
- Median Price: $349,900
- Price Range: $105,000 – $1,790,000
- Price per Sq Ft (Avg/Median): $253 / $239
- Square Footage (Avg/Median): 1,578 / 1,381
- Square Footage Range: 640 – 8,460
- Days on Market (Avg/Median): 26 / 8
- Days on Market Range: 1 – 348
- New Listings: 51
- Total Listings: 242
Sales by Property Type
Condo
Avg/Median Price$251,195 / $236,900Range$130,000 – $450,000Price per Sq Ft$224 / $223Sq Ft1,132 / 1,100DOM27 / 11New23Total109
Land
Avg/Median Price$499,194 / $329,000Range$105,000 – $1,790,000Price per Sq Ft—Sq Ft—DOM167 / 185New2Total8
Single Family
Avg/Median Price$520,801 / $459,000Range$205,000 – $1,595,000Price per Sq Ft$288 / $280Sq Ft1,998 / 1,677DOM20 / 6New18Total89
Townhouse
Avg/Median Price$392,286 / $397,000Range$200,000 – $539,990Price per Sq Ft$240 / $240Sq Ft1,669 / 1,632DOM15 / 7New8Total36
Sales by Bedroom Count
1 Beds
Avg:$177,654Median:$169,900Range:$130,000 – $275,000PSF:$210 / $203Sq Ft:871 / 900DOM:41 / 7New:3Total:22
2 Beds
Avg:$293,012Median:$284,000Range:$150,000 – $650,000PSF:$238 / $233Sq Ft:1,330 / 1,200DOM:22 / 9New:27Total:105
3 Beds
Avg:$425,923Median:$420,000Range:$200,000 – $699,000PSF:$285 / $279Sq Ft:1,547 / 1,526DOM:20 / 7New:12Total:73
4 Beds
Avg:$613,921Median:$529,000Range:$349,900 – $1,099,000PSF:$258 / $249Sq Ft:2,403 / 2,226DOM:16 / 5New:6Total:28
5 Beds
Avg:$613,000Median:$459,000Range:$399,000 – $1,125,000PSF:$208 / $180Sq Ft:2,844 / 2,216DOM:12 / 2New:1Total:4
6 Beds
Avg:$850,000Median:$850,000Range:$850,000 – $850,000PSF:$283 / $283Sq Ft:3,000 / 3,000DOM:79 / 79New:0Total:1
7 Beds
Avg:$1,595,000Median:$1,595,000Range:$1,595,000 – $1,595,000PSF:$200 / $200Sq Ft:7,983 / 7,983DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $177,654 | $169,900 | $130,000 – $275,000 | $210 / $203 | 871 / 900 | 41 / 7 | 3 | 22 |
| 2 Beds | $293,012 | $284,000 | $150,000 – $650,000 | $238 / $233 | 1,330 / 1,200 | 22 / 9 | 27 | 105 |
| 3 Beds | $425,923 | $420,000 | $200,000 – $699,000 | $285 / $279 | 1,547 / 1,526 | 20 / 7 | 12 | 73 |
| 4 Beds | $613,921 | $529,000 | $349,900 – $1,099,000 | $258 / $249 | 2,403 / 2,226 | 16 / 5 | 6 | 28 |
| 5 Beds | $613,000 | $459,000 | $399,000 – $1,125,000 | $208 / $180 | 2,844 / 2,216 | 12 / 2 | 1 | 4 |
| 6 Beds | $850,000 | $850,000 | $850,000 – $850,000 | $283 / $283 | 3,000 / 3,000 | 79 / 79 | 0 | 1 |
| 7 Beds | $1,595,000 | $1,595,000 | $1,595,000 – $1,595,000 | $200 / $200 | 7,983 / 7,983 | 1 / 1 | 0 | 1 |
Rental Market Overview
Median Rent
$1,950
0.0%
Median DOM
28
−3.4%
New Listings
8
Inventory
129
−1.5%
- Average Rent: $2,224
- Median Rent: $1,950
- Rent Range: $800 – $9,960
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,147 / 1,000
- Square Footage Range: 307 – 3,800
- Days on Market (Avg/Median): 57 / 28
- Days on Market Range: 2 – 315
- New Listings: 8
- Total Listings: 129
Rentals by Property Type
Apartment
$1,950
Median DOM: 31
Inventory: 67
MoM: 0.0%
Condo
$1,800
Median DOM: 25
Inventory: 34
MoM: 0.0%
Single Family
$2,100
Median DOM: 11
Inventory: 22
MoM: 0.0%
Townhouse
$3,199
Median DOM: 30
Inventory: 5
MoM: 0.0%
Apartment
Avg/Median Rent$2,155 / $1,950Range$1,180 – $8,534Rent per Sq Ft$2 / $2Sq Ft982 / 900DOM70 / 31New4Total67
Condo
Avg/Median Rent$1,993 / $1,800Range$1,400 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,105 / 1,000DOM50 / 25New3Total34
Multi-Family
Avg/Median Rent$2,550 / $2,550Range$2,550 – $2,550Rent per Sq Ft$1 / $1Sq Ft2,000 / 2,000DOM19 / 19New0Total1
Single Family
Avg/Median Rent$2,292 / $2,100Range$800 – $4,900Rent per Sq Ft$2 / $2Sq Ft1,520 / 1,300DOM25 / 11New1Total22
Townhouse
Avg/Median Rent$4,362 / $3,199Range$2,250 – $9,960Rent per Sq Ft$2 / $2Sq Ft1,490 / 1,080DOM96 / 30New0Total5
Rentals by Bedroom Count
Studio
Avg:$1,419Median:$1,489Range:$1,180 – $1,700PSF:$3 / $3Sq Ft:538 / 550DOM:131 / 72New:0Total:5
1 Beds
Avg:$1,737Median:$1,600Range:$800 – $2,385PSF:$2 / $2Sq Ft:922 / 800DOM:60 / 24New:3Total:30
2 Beds
Avg:$2,071Median:$1,900Range:$1,650 – $3,108PSF:$2 / $2Sq Ft:1,074 / 1,000DOM:49 / 28New:4Total:71
3 Beds
Avg:$3,070Median:$2,700Range:$2,150 – $8,534PSF:$2 / $2Sq Ft:1,571 / 1,550DOM:55 / 28New:1Total:19
4 Beds
Avg:$5,601Median:$3,850Range:$3,695 – $9,960PSF:$2 / $2Sq Ft:2,775 / 2,300DOM:108 / 9New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,419 | $1,489 | $1,180 – $1,700 | $3 / $3 | 538 / 550 | 131 / 72 | 0 | 5 |
| 1 Beds | $1,737 | $1,600 | $800 – $2,385 | $2 / $2 | 922 / 800 | 60 / 24 | 3 | 30 |
| 2 Beds | $2,071 | $1,900 | $1,650 – $3,108 | $2 / $2 | 1,074 / 1,000 | 49 / 28 | 4 | 71 |
| 3 Beds | $3,070 | $2,700 | $2,150 – $8,534 | $2 / $2 | 1,571 / 1,550 | 55 / 28 | 1 | 19 |
| 4 Beds | $5,601 | $3,850 | $3,695 – $9,960 | $2 / $2 | 2,775 / 2,300 | 108 / 9 | 0 | 4 |
6-Month Sales Trend
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:$340,000Median DOM:10New:101Total:239
Jun 2026
Median Price:$349,900Median DOM:9New:101Total:236
Jul 2026
Median Price:$349,900Median DOM:8New:51Total:242
6-Month Rental Trend
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:38New:28Total:140
Jun 2026
Median Rent:$1,950Median DOM:29New:31Total:131
Jul 2026
Median Rent:$1,950Median DOM:28New:8Total:129
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory tightened.
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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