ZIP 60131 Housing Market Report
Chicago Metro
Report period: May 2026
60131 Monthly Market Update – May 2026
ZIP 60131 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$374,900
+7.1%
Median DOM (Sales)
24
−14.3%
New Listings (Sales)
5
−54.5%
Median Rent
$2,100
−16.0%
Median DOM (Rental)
24
0.0%
Total Rental Listings
8
+14.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (12 DOM)
- Fastest renting: Apartment (6 DOM)
- Strongest bedroom: 5 Beds ($525,000 median)
Sales Market Overview
Median Price
$374,900
+7.1%
Median DOM
24
−14.3%
New Listings
5
−54.5%
Inventory
33
+3.1%
- Average Price: $499,538
- Median Price: $374,900
- Price Range: $189,450 – $4,875,000
- Price per Sq Ft (Avg/Median): $281 / $277
- Square Footage (Avg/Median): 1,423 / 1,300
- Square Footage Range: 725 – 3,660
- Days on Market (Avg/Median): 35 / 24
- Days on Market Range: 3 – 262
- New Listings: 5
- Total Listings: 33
Sales by Property Type
Condo
Avg/Median Price$296,000 / $305,000Range$215,000 – $339,000Price per Sq Ft$246 / $242Sq Ft1,232 / 1,260DOM33 / 12New0Total4
Land
Avg/Median Price$2,537,450 / $199,900Range$199,900 – $4,875,000Price per Sq Ft—Sq Ft—DOM50 / 46New0Total2
Single Family
Avg/Median Price$386,015 / $374,999Range$259,000 – $549,990Price per Sq Ft$290 / $312Sq Ft1,467 / 1,308DOM35 / 12New5Total26
Townhouse
Avg/Median Price$189,450 / $189,450Range$189,450 – $189,450Price per Sq Ft$180 / $180Sq Ft1,055 / 1,055DOM28 / 28New0Total1
Sales by Bedroom Count
1 Beds
Avg:$215,000Median:$215,000Range:$215,000 – $215,000PSF:$280 / $280Sq Ft:768 / 768DOM:10 / 10New:0Total:1
2 Beds
Avg:$327,738Median:$305,000Range:$259,000 – $420,000PSF:$336 / $335Sq Ft:1,001 / 912DOM:20 / 7New:2Total:8
3 Beds
Avg:$375,702Median:$374,900Range:$189,450 – $549,990PSF:$264 / $256Sq Ft:1,491 / 1,389DOM:47 / 28New:1Total:17
4 Beds
Avg:$415,250Median:$417,000Range:$374,999 – $439,000PSF:$275 / $276Sq Ft:1,584 / 1,337DOM:22 / 25New:1Total:4
5 Beds
Avg:$525,000Median:$525,000Range:$525,000 – $525,000PSF:$143 / $143Sq Ft:3,660 / 3,660DOM:5 / 5New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $215,000 | $215,000 | $215,000 – $215,000 | $280 / $280 | 768 / 768 | 10 / 10 | 0 | 1 |
| 2 Beds | $327,738 | $305,000 | $259,000 – $420,000 | $336 / $335 | 1,001 / 912 | 20 / 7 | 2 | 8 |
| 3 Beds | $375,702 | $374,900 | $189,450 – $549,990 | $264 / $256 | 1,491 / 1,389 | 47 / 28 | 1 | 17 |
| 4 Beds | $415,250 | $417,000 | $374,999 – $439,000 | $275 / $276 | 1,584 / 1,337 | 22 / 25 | 1 | 4 |
| 5 Beds | $525,000 | $525,000 | $525,000 – $525,000 | $143 / $143 | 3,660 / 3,660 | 5 / 5 | 1 | 1 |
Rental Market Overview
Median Rent
$2,100
−16.0%
Median DOM
24
0.0%
New Listings
1
Inventory
8
+14.3%
- Average Rent: $2,331
- Median Rent: $2,100
- Rent Range: $1,300 – $3,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,125 / 1,000
- Square Footage Range: 600 – 2,100
- Days on Market (Avg/Median): 52 / 24
- Days on Market Range: 6 – 210
- New Listings: 1
- Total Listings: 8
Rentals by Property Type
Apartment
$2,098
Median DOM: 6
Inventory: 3
MoM: −16.0%
Condo
$1,750
Median DOM: 15
Inventory: 2
MoM: −16.0%
Single Family
$2,950
Median DOM: 24
Inventory: 3
MoM: −16.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −16.0%
Apartment
Avg/Median Rent$2,116 / $2,098Range$1,300 – $2,950Rent per Sq Ft$2 / $2Sq Ft772 / 600DOM33 / 6New1Total3
Condo
Avg/Median Rent$1,925 / $1,750Range$1,750 – $2,100Rent per Sq Ft$2 / $2Sq Ft925 / 850DOM25 / 15New0Total2
Single Family
Avg/Median Rent$2,817 / $2,950Range$2,500 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,493 / 1,337DOM83 / 24New0Total3
Rentals by Bedroom Count
1 Beds
Avg:$1,699Median:$1,300Range:$1,300 – $2,098PSF:$2 / $2Sq Ft:772 / 600DOM:6 / 6New:1Total:2
2 Beds
Avg:$2,350Median:$1,750Range:$1,750 – $2,950PSF:$2 / $2Sq Ft:850 / 850DOM:37 / 15New:0Total:2
3 Beds
Avg:$2,533Median:$2,500Range:$2,100 – $3,000PSF:$2 / $2Sq Ft:1,126 / 1,042DOM:25 / 24New:0Total:3
4 Beds
Avg:$2,950Median:$2,950Range:$2,950 – $2,950PSF:$1 / $1Sq Ft:2,100 / 2,100DOM:210 / 210New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,699 | $1,300 | $1,300 – $2,098 | $2 / $2 | 772 / 600 | 6 / 6 | 1 | 2 |
| 2 Beds | $2,350 | $1,750 | $1,750 – $2,950 | $2 / $2 | 850 / 850 | 37 / 15 | 0 | 2 |
| 3 Beds | $2,533 | $2,500 | $2,100 – $3,000 | $2 / $2 | 1,126 / 1,042 | 25 / 24 | 0 | 3 |
| 4 Beds | $2,950 | $2,950 | $2,950 – $2,950 | $1 / $1 | 2,100 / 2,100 | 210 / 210 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$349,900Median DOM:48New:9Total:46
Jan 2026
Median Price:$349,900Median DOM:41New:15Total:48
Feb 2026
Median Price:$349,900Median DOM:25New:10Total:37
Mar 2026
Median Price:$349,900Median DOM:28New:9Total:42
Apr 2026
Median Price:$349,900Median DOM:28New:11Total:32
May 2026
Median Price:$374,900Median DOM:24New:5Total:33
6-Month Rental Trend
Dec 2025
Median Rent:$2,850Median DOM:23New:3Total:9
Jan 2026
Median Rent:$2,400Median DOM:44New:0Total:6
Feb 2026
Median Rent:$2,098Median DOM:29New:2Total:6
Mar 2026
Median Rent:$2,400Median DOM:12New:2Total:7
Apr 2026
Median Rent:$2,500Median DOM:24New:3Total:7
May 2026
Median Rent:$2,100Median DOM:24New:1Total:8
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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