ZIP 60406 Housing Market Report
Chicago Metro
Report period: May 2026
60406 Monthly Market Update – May 2026
ZIP 60406 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$220,000
0.0%
Median DOM (Sales)
36
+2.9%
New Listings (Sales)
9
−40.0%
Median Rent
$1,395
+3.3%
Median DOM (Rental)
28
−15.2%
Total Rental Listings
51
+21.4%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (21 DOM)
- Fastest renting: Townhouse (12 DOM)
- Strongest bedroom: 8 Beds ($480,000 median)
Sales Market Overview
Median Price
$220,000
0.0%
Median DOM
36
+2.9%
New Listings
9
−40.0%
Inventory
68
+6.3%
- Average Price: $211,436
- Median Price: $220,000
- Price Range: $19,250 – $480,000
- Price per Sq Ft (Avg/Median): $146 / $140
- Square Footage (Avg/Median): 1,534 / 1,520
- Square Footage Range: 600 – 2,400
- Days on Market (Avg/Median): 63 / 36
- Days on Market Range: 2 – 266
- New Listings: 9
- Total Listings: 68
Sales by Property Type
Condo
Avg/Median Price$119,436 / $115,000Range$65,000 – $235,000Price per Sq Ft$119 / $110Sq Ft1,042 / 890DOM90 / 82New1Total11
Land
Avg/Median Price$77,810 / $39,900Range$19,250 – $250,000Price per Sq Ft—Sq Ft—DOM111 / 120New0Total5
Multi-Family
Avg/Median Price$237,829 / $209,900Range$99,900 – $480,000Price per Sq Ft—Sq Ft—DOM32 / 21New0Total7
Single Family
Avg/Median Price$245,217 / $244,900Range$89,000 – $472,000Price per Sq Ft$154 / $156Sq Ft1,630 / 1,600DOM54 / 28New8Total43
Townhouse
Avg/Median Price$232,850 / $175,900Range$175,900 – $289,800Price per Sq Ft$122 / $121Sq Ft1,915 / 1,430DOM99 / 97New0Total2
Sales by Bedroom Count
Studio
Avg:$200,000Median:$200,000Range:$200,000 – $200,000PSF:—Sq Ft:—DOM:123 / 123New:0Total:1
1 Beds
Avg:$77,975Median:$72,900Range:$65,000 – $99,000PSF:$107 / $104Sq Ft:667 / 700DOM:122 / 82New:0Total:4
2 Beds
Avg:$180,903Median:$179,000Range:$89,000 – $295,000PSF:$135 / $123Sq Ft:1,324 / 1,112DOM:63 / 47New:2Total:15
3 Beds
Avg:$235,843Median:$250,000Range:$105,000 – $319,700PSF:$151 / $149Sq Ft:1,644 / 1,520DOM:50 / 26New:4Total:27
4 Beds
Avg:$244,460Median:$235,000Range:$99,900 – $335,900PSF:$157 / $168Sq Ft:1,694 / 1,750DOM:50 / 11New:3Total:10
5 Beds
Avg:$294,160Median:$293,000Range:$175,900 – $472,000PSF:$157 / $135Sq Ft:1,939 / 2,174DOM:57 / 31New:0Total:5
8 Beds
Avg:$480,000Median:$480,000Range:$480,000 – $480,000PSF:—Sq Ft:—DOM:28 / 28New: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 | — | — | 123 / 123 | 0 | 1 |
| 1 Beds | $77,975 | $72,900 | $65,000 – $99,000 | $107 / $104 | 667 / 700 | 122 / 82 | 0 | 4 |
| 2 Beds | $180,903 | $179,000 | $89,000 – $295,000 | $135 / $123 | 1,324 / 1,112 | 63 / 47 | 2 | 15 |
| 3 Beds | $235,843 | $250,000 | $105,000 – $319,700 | $151 / $149 | 1,644 / 1,520 | 50 / 26 | 4 | 27 |
| 4 Beds | $244,460 | $235,000 | $99,900 – $335,900 | $157 / $168 | 1,694 / 1,750 | 50 / 11 | 3 | 10 |
| 5 Beds | $294,160 | $293,000 | $175,900 – $472,000 | $157 / $135 | 1,939 / 2,174 | 57 / 31 | 0 | 5 |
| 8 Beds | $480,000 | $480,000 | $480,000 – $480,000 | — | — | 28 / 28 | 0 | 1 |
Rental Market Overview
Median Rent
$1,395
+3.3%
Median DOM
28
−15.2%
New Listings
7
Inventory
51
+21.4%
- Average Rent: $1,505
- Median Rent: $1,395
- Rent Range: $785 – $2,780
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 956 / 800
- Square Footage Range: 308 – 2,400
- Days on Market (Avg/Median): 57 / 28
- Days on Market Range: 1 – 320
- New Listings: 7
- Total Listings: 51
Rentals by Property Type
Apartment
$1,250
Median DOM: 47
Inventory: 27
MoM: +3.3%
Condo
$1,595
Median DOM: 31
Inventory: 5
MoM: +3.3%
Single Family
$1,550
Median DOM: 14
Inventory: 18
MoM: +3.3%
Townhouse
$2,780
Median DOM: 12
Inventory: 1
MoM: +3.3%
Apartment
Avg/Median Rent$1,321 / $1,250Range$785 – $2,100Rent per Sq Ft$2 / $2Sq Ft772 / 700DOM73 / 47New2Total27
Condo
Avg/Median Rent$1,584 / $1,595Range$1,150 – $2,300Rent per Sq Ft$2 / $2Sq Ft800 / 700DOM37 / 31New1Total5
Single Family
Avg/Median Rent$1,688 / $1,550Range$800 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,115 / 1,087DOM46 / 14New4Total18
Townhouse
Avg/Median Rent$2,780 / $2,780Range$2,780 – $2,780Rent per Sq Ft$1 / $1Sq Ft2,400 / 2,400DOM12 / 12New0Total1
Rentals by Bedroom Count
Studio
Avg:$785Median:$785Range:$785 – $785PSF:$3 / $3Sq Ft:308 / 308DOM:—New:0Total:1
1 Beds
Avg:$1,133Median:$1,150Range:$925 – $1,350PSF:$2 / $2Sq Ft:638 / 640DOM:87 / 67New:0Total:18
2 Beds
Avg:$1,413Median:$1,395Range:$1,216 – $1,700PSF:$2 / $2Sq Ft:845 / 784DOM:23 / 12New:5Total:14
3 Beds
Avg:$1,926Median:$2,050Range:$800 – $2,780PSF:$2 / $2Sq Ft:1,386 / 1,300DOM:52 / 31New:1Total:15
4 Beds
Avg:$2,300Median:$2,500Range:$1,900 – $2,500PSF:$2 / $2Sq Ft:1,491 / 1,144DOM:57 / 14New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $785 | $785 | $785 – $785 | $3 / $3 | 308 / 308 | — | 0 | 1 |
| 1 Beds | $1,133 | $1,150 | $925 – $1,350 | $2 / $2 | 638 / 640 | 87 / 67 | 0 | 18 |
| 2 Beds | $1,413 | $1,395 | $1,216 – $1,700 | $2 / $2 | 845 / 784 | 23 / 12 | 5 | 14 |
| 3 Beds | $1,926 | $2,050 | $800 – $2,780 | $2 / $2 | 1,386 / 1,300 | 52 / 31 | 1 | 15 |
| 4 Beds | $2,300 | $2,500 | $1,900 – $2,500 | $2 / $2 | 1,491 / 1,144 | 57 / 14 | 1 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$225,000Median DOM:62New:12Total:76
Jan 2026
Median Price:$207,997Median DOM:52New:18Total:77
Feb 2026
Median Price:$200,000Median DOM:48New:11Total:64
Mar 2026
Median Price:$214,900Median DOM:45New:14Total:64
Apr 2026
Median Price:$220,000Median DOM:35New:15Total:64
May 2026
Median Price:$220,000Median DOM:36New:9Total:68
6-Month Rental Trend
Dec 2025
Median Rent:$1,350Median DOM:47New:7Total:47
Jan 2026
Median Rent:$1,300Median DOM:36New:8Total:36
Feb 2026
Median Rent:$1,400Median DOM:35New:10Total:40
Mar 2026
Median Rent:$1,395Median DOM:29New:12Total:43
Apr 2026
Median Rent:$1,350Median DOM:33New:9Total:42
May 2026
Median Rent:$1,395Median DOM:28New:7Total:51
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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