ZIP 60501 Housing Market Report
Chicago Metro
Report period: August 2026
60501 Monthly Market Update – August 2026
ZIP 60501 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$354,900
+1.4%
Median DOM (Sales)
20
+33.3%
New Listings (Sales)
6
−33.3%
Median Rent
$1,500
−9.1%
Median DOM (Rental)
34
−2.9%
Total Rental Listings
12
+9.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (1 DOM)
- Fastest renting: Apartment (14 DOM)
- Strongest bedroom: 7 Beds ($575,000 median)
Sales Market Overview
Median Price
$354,900
+1.4%
Median DOM
20
+33.3%
New Listings
6
−33.3%
Inventory
25
−7.4%
- Average Price: $393,352
- Median Price: $354,900
- Price Range: $35,000 – $1,250,000
- Price per Sq Ft (Avg/Median): $241 / $220
- Square Footage (Avg/Median): 1,543 / 1,236
- Square Footage Range: 900 – 3,056
- Days on Market (Avg/Median): 36 / 20
- Days on Market Range: 1 – 323
- New Listings: 6
- Total Listings: 25
Sales by Property Type
Land
Avg/Median Price$642,500 / $35,000Range$35,000 – $1,250,000Price per Sq Ft—Sq Ft—DOM162 / 1New0Total2
Multi-Family
Avg/Median Price$442,300 / $430,000Range$349,900 – $575,000Price per Sq Ft—Sq Ft—DOM14 / 3New2Total6
Single Family
Avg/Median Price$346,765 / $330,000Range$214,900 – $519,000Price per Sq Ft$241 / $220Sq Ft1,543 / 1,236DOM29 / 20New4Total17
Sales by Bedroom Count
2 Beds
Avg:$255,000Median:$250,000Range:$250,000 – $259,999PSF:$240 / $202Sq Ft:1,095 / 900DOM:1 / 1New:1Total:2
3 Beds
Avg:$345,922Median:$349,700Range:$249,900 – $479,900PSF:$253 / $242Sq Ft:1,438 / 1,204DOM:34 / 27New:1Total:9
4 Beds
Avg:$380,700Median:$289,900Range:$214,900 – $519,000PSF:$189 / $163Sq Ft:2,080 / 1,800DOM:32 / 1New:1Total:4
5 Beds
Avg:$382,200Median:$349,900Range:$329,000 – $430,000PSF:$340 / $340Sq Ft:1,236 / 1,236DOM:17 / 1New:2Total:4
6 Beds
Avg:$432,967Median:$449,900Range:$399,000 – $450,000PSF:—Sq Ft:—DOM:16 / 20New:1Total:3
7 Beds
Avg:$575,000Median:$575,000Range:$575,000 – $575,000PSF:—Sq Ft:—DOM:28 / 28New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $255,000 | $250,000 | $250,000 – $259,999 | $240 / $202 | 1,095 / 900 | 1 / 1 | 1 | 2 |
| 3 Beds | $345,922 | $349,700 | $249,900 – $479,900 | $253 / $242 | 1,438 / 1,204 | 34 / 27 | 1 | 9 |
| 4 Beds | $380,700 | $289,900 | $214,900 – $519,000 | $189 / $163 | 2,080 / 1,800 | 32 / 1 | 1 | 4 |
| 5 Beds | $382,200 | $349,900 | $329,000 – $430,000 | $340 / $340 | 1,236 / 1,236 | 17 / 1 | 2 | 4 |
| 6 Beds | $432,967 | $449,900 | $399,000 – $450,000 | — | — | 16 / 20 | 1 | 3 |
| 7 Beds | $575,000 | $575,000 | $575,000 – $575,000 | — | — | 28 / 28 | 0 | 1 |
Rental Market Overview
Median Rent
$1,500
−9.1%
Median DOM
34
−2.9%
New Listings
2
Inventory
12
+9.1%
- Average Rent: $1,729
- Median Rent: $1,500
- Rent Range: $1,200 – $2,600
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,171 / 1,000
- Square Footage Range: 750 – 1,800
- Days on Market (Avg/Median): 47 / 34
- Days on Market Range: 3 – 237
- New Listings: 2
- Total Listings: 12
Rentals by Property Type
Apartment
$1,450
Median DOM: 14
Inventory: 7
MoM: −9.1%
Condo
$1,400
Median DOM: 36
Inventory: 1
MoM: −9.1%
Single Family
$2,200
Median DOM: 42
Inventory: 4
MoM: −9.1%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −9.1%
Apartment
Avg/Median Rent$1,499 / $1,450Range$1,200 – $1,750Rent per Sq Ft$1 / $2Sq Ft1,110 / 1,000DOM49 / 14New2Total7
Condo
Avg/Median Rent$1,400 / $1,400Range$1,400 – $1,400Rent per Sq Ft$2 / $2Sq Ft900 / 900DOM36 / 36New0Total1
Single Family
Avg/Median Rent$2,212 / $2,200Range$1,500 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,363 / 1,290DOM48 / 42New0Total4
Rentals by Bedroom Count
1 Beds
Avg:$1,200Median:$1,200Range:$1,200 – $1,200PSF:$2 / $2Sq Ft:800 / 800DOM:13 / 13New:0Total:1
2 Beds
Avg:$1,592Median:$1,400Range:$1,350 – $2,200PSF:$2 / $2Sq Ft:1,085 / 900DOM:23 / 14New:2Total:6
3 Beds
Avg:$2,124Median:$1,695Range:$1,650 – $2,600PSF:$2 / $1Sq Ft:1,350 / 1,000DOM:87 / 35New:0Total:4
4 Beds
Avg:$1,500Median:$1,500Range:$1,500 – $1,500PSF:—Sq Ft:—DOM:68 / 68New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,200 | $1,200 | $1,200 – $1,200 | $2 / $2 | 800 / 800 | 13 / 13 | 0 | 1 |
| 2 Beds | $1,592 | $1,400 | $1,350 – $2,200 | $2 / $2 | 1,085 / 900 | 23 / 14 | 2 | 6 |
| 3 Beds | $2,124 | $1,695 | $1,650 – $2,600 | $2 / $1 | 1,350 / 1,000 | 87 / 35 | 0 | 4 |
| 4 Beds | $1,500 | $1,500 | $1,500 – $1,500 | — | — | 68 / 68 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$325,000Median DOM:31New:7Total:32
Apr 2026
Median Price:$330,000Median DOM:38New:5Total:29
May 2026
Median Price:$349,000Median DOM:15New:12Total:29
Jun 2026
Median Price:$330,000Median DOM:7New:10Total:27
Jul 2026
Median Price:$349,900Median DOM:15New:9Total:27
Aug 2026
Median Price:$354,900Median DOM:20New:6Total:25
6-Month Rental Trend
Mar 2026
Median Rent:$1,600Median DOM:18New:3Total:11
Apr 2026
Median Rent:$1,695Median DOM:37New:1Total:7
May 2026
Median Rent:$1,500Median DOM:25New:3Total:8
Jun 2026
Median Rent:$1,550Median DOM:14New:6Total:10
Jul 2026
Median Rent:$1,650Median DOM:35New:2Total:11
Aug 2026
Median Rent:$1,500Median DOM:34New:2Total:12
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower 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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