ZIP 60406 Housing Market Report
Chicago Metro
Report period: August 2026
60406 Monthly Market Update – August 2026
ZIP 60406 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$235,000
−5.6%
Median DOM (Sales)
15
−16.7%
New Listings (Sales)
10
−52.4%
Median Rent
$1,395
−0.4%
Median DOM (Rental)
37
0.0%
Total Rental Listings
43
−6.5%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (4 DOM)
- Fastest renting: Condo (8 DOM)
- Strongest bedroom: 7 Beds ($379,900 median)
Sales Market Overview
Median Price
$235,000
−5.6%
Median DOM
15
−16.7%
New Listings
10
−52.4%
Inventory
57
+3.6%
- Average Price: $219,926
- Median Price: $235,000
- Price Range: $19,250 – $459,900
- Price per Sq Ft (Avg/Median): $146 / $153
- Square Footage (Avg/Median): 1,590 / 1,570
- Square Footage Range: 700 – 3,250
- Days on Market (Avg/Median): 47 / 15
- Days on Market Range: 1 – 256
- New Listings: 10
- Total Listings: 57
Sales by Property Type
Condo
Avg/Median Price$113,700 / $89,900Range$64,500 – $235,000Price per Sq Ft$93 / $92Sq Ft1,204 / 900DOM58 / 8New2Total6
Land
Avg/Median Price$57,287 / $39,900Range$19,250 – $120,000Price per Sq Ft—Sq Ft—DOM138 / 83New1Total4
Manufactured
Avg/Median Price$85,950 / $69,900Range$69,900 – $102,000Price per Sq Ft—Sq Ft—DOM8 / 4New1Total2
Multi-Family
Avg/Median Price$289,925 / $284,900Range$99,900 – $459,900Price per Sq Ft—Sq Ft—DOM64 / 25New0Total8
Single Family
Avg/Median Price$246,841 / $249,900Range$89,900 – $435,500Price per Sq Ft$154 / $162Sq Ft1,652 / 1,579DOM34 / 15New6Total37
Sales by Bedroom Count
Studio
Avg:$200,000Median:$200,000Range:$200,000 – $200,000PSF:—Sq Ft:—DOM:214 / 214New:0Total:1
1 Beds
Avg:$64,500Median:$64,500Range:$64,500 – $64,500PSF:$92 / $92Sq Ft:700 / 700DOM:33 / 33New:0Total:1
2 Beds
Avg:$162,855Median:$99,950Range:$69,900 – $295,000PSF:$128 / $110Sq Ft:1,290 / 1,100DOM:50 / 8New:2Total:10
3 Beds
Avg:$217,152Median:$230,000Range:$69,900 – $419,000PSF:$154 / $158Sq Ft:1,541 / 1,504DOM:25 / 11New:4Total:21
4 Beds
Avg:$256,608Median:$279,998Range:$99,900 – $399,873PSF:$148 / $168Sq Ft:1,826 / 1,908DOM:39 / 13New:2Total:9
5 Beds
Avg:$293,860Median:$270,000Range:$209,900 – $435,500PSF:$158 / $137Sq Ft:1,996 / 1,976DOM:70 / 43New:1Total:5
6 Beds
Avg:$327,450Median:$320,000Range:$320,000 – $334,900PSF:$220 / $220Sq Ft:1,456 / 1,456DOM:26 / 25New:0Total:2
7 Beds
Avg:$356,567Median:$379,900Range:$229,900 – $459,900PSF:$71 / $71Sq Ft:3,250 / 3,250DOM:27 / 33New:0Total:3
8 Beds
Avg:$350,000Median:$350,000Range:$350,000 – $350,000PSF:—Sq Ft:—DOM:6 / 6New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $200,000 | $200,000 | $200,000 – $200,000 | — | — | 214 / 214 | 0 | 1 |
| 1 Beds | $64,500 | $64,500 | $64,500 – $64,500 | $92 / $92 | 700 / 700 | 33 / 33 | 0 | 1 |
| 2 Beds | $162,855 | $99,950 | $69,900 – $295,000 | $128 / $110 | 1,290 / 1,100 | 50 / 8 | 2 | 10 |
| 3 Beds | $217,152 | $230,000 | $69,900 – $419,000 | $154 / $158 | 1,541 / 1,504 | 25 / 11 | 4 | 21 |
| 4 Beds | $256,608 | $279,998 | $99,900 – $399,873 | $148 / $168 | 1,826 / 1,908 | 39 / 13 | 2 | 9 |
| 5 Beds | $293,860 | $270,000 | $209,900 – $435,500 | $158 / $137 | 1,996 / 1,976 | 70 / 43 | 1 | 5 |
| 6 Beds | $327,450 | $320,000 | $320,000 – $334,900 | $220 / $220 | 1,456 / 1,456 | 26 / 25 | 0 | 2 |
| 7 Beds | $356,567 | $379,900 | $229,900 – $459,900 | $71 / $71 | 3,250 / 3,250 | 27 / 33 | 0 | 3 |
| 8 Beds | $350,000 | $350,000 | $350,000 – $350,000 | — | — | 6 / 6 | 0 | 1 |
Rental Market Overview
Median Rent
$1,395
−0.4%
Median DOM
37
0.0%
New Listings
3
Inventory
43
−6.5%
- Average Rent: $1,415
- Median Rent: $1,395
- Rent Range: $785 – $2,900
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 860 / 800
- Square Footage Range: 308 – 2,294
- Days on Market (Avg/Median): 70 / 37
- Days on Market Range: 2 – 296
- New Listings: 3
- Total Listings: 43
Rentals by Property Type
Apartment
$1,290
Median DOM: 37
Inventory: 32
MoM: −0.4%
Condo
$1,200
Median DOM: 8
Inventory: 1
MoM: −0.4%
Single Family
$1,450
Median DOM: 26
Inventory: 10
MoM: −0.4%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −0.4%
Apartment
Avg/Median Rent$1,336 / $1,290Range$785 – $2,050Rent per Sq Ft$2 / $2Sq Ft748 / 800DOM79 / 37New1Total32
Condo
Avg/Median Rent$1,200 / $1,200Range$1,200 – $1,200Rent per Sq Ft—Sq Ft—DOM8 / 8New1Total1
Single Family
Avg/Median Rent$1,689 / $1,450Range$1,350 – $2,900Rent per Sq Ft$2 / $1Sq Ft1,138 / 1,000DOM55 / 26New1Total10
Rentals by Bedroom Count
Studio
Avg:$1,392Median:$785Range:$785 – $2,000PSF:$2 / $2Sq Ft:579 / 308DOM:31 / 31New:0Total:2
1 Beds
Avg:$1,205Median:$1,200Range:$950 – $1,450PSF:$2 / $2Sq Ft:751 / 800DOM:53 / 17New:2Total:17
2 Beds
Avg:$1,429Median:$1,400Range:$1,250 – $1,700PSF:$2 / $2Sq Ft:852 / 835DOM:91 / 56New:0Total:18
3 Beds
Avg:$1,680Median:$1,500Range:$1,490 – $2,050PSF:$2 / $2Sq Ft:908 / 908DOM:17 / 13New:0Total:3
4 Beds
Avg:$2,265Median:$2,000Range:$1,895 – $2,900PSF:$2 / $2Sq Ft:1,527 / 1,144DOM:81 / 56New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,392 | $785 | $785 – $2,000 | $2 / $2 | 579 / 308 | 31 / 31 | 0 | 2 |
| 1 Beds | $1,205 | $1,200 | $950 – $1,450 | $2 / $2 | 751 / 800 | 53 / 17 | 2 | 17 |
| 2 Beds | $1,429 | $1,400 | $1,250 – $1,700 | $2 / $2 | 852 / 835 | 91 / 56 | 0 | 18 |
| 3 Beds | $1,680 | $1,500 | $1,490 – $2,050 | $2 / $2 | 908 / 908 | 17 / 13 | 0 | 3 |
| 4 Beds | $2,265 | $2,000 | $1,895 – $2,900 | $2 / $2 | 1,527 / 1,144 | 81 / 56 | 1 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$214,900Median DOM:45New:14Total:64
Apr 2026
Median Price:$220,000Median DOM:35New:15Total:64
May 2026
Median Price:$219,000Median DOM:34New:18Total:66
Jun 2026
Median Price:$235,000Median DOM:22New:22Total:57
Jul 2026
Median Price:$249,000Median DOM:18New:21Total:55
Aug 2026
Median Price:$235,000Median DOM:15New:10Total:57
6-Month Rental Trend
Mar 2026
Median Rent:$1,395Median DOM:29New:12Total:43
Apr 2026
Median Rent:$1,350Median DOM:33New:9Total:42
May 2026
Median Rent:$1,295Median DOM:31New:10Total:50
Jun 2026
Median Rent:$1,325Median DOM:74New:5Total:44
Jul 2026
Median Rent:$1,400Median DOM:37New:11Total:46
Aug 2026
Median Rent:$1,395Median DOM:37New:3Total:43
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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