ZIP 60501 Housing Market Report
Chicago Metro
Report period: March 2026
60501 Monthly Market Update – March 2026
ZIP 60501 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$310,000
+3.5%
Median DOM (Sales)
38
−28.3%
New Listings (Sales)
0
−100.0%
Median Rent
$1,600
0.0%
Median DOM (Rental)
8
−70.4%
Total Rental Listings
10
0.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Townhouse (19 DOM)
- Fastest renting: Condo (8 DOM)
- Strongest bedroom: 8 Beds ($577,500 median)
Sales Market Overview
Median Price
$310,000
+3.5%
Median DOM
38
−28.3%
New Listings
0
−100.0%
Inventory
31
0.0%
- Average Price: $328,394
- Median Price: $310,000
- Price Range: $35,000 – $1,100,000
- Price per Sq Ft (Avg/Median): $215 / $216
- Square Footage (Avg/Median): 1,332 / 1,180
- Square Footage Range: 914 – 2,200
- Days on Market (Avg/Median): 66 / 38
- Days on Market Range: 7 – 216
- New Listings: 0
- Total Listings: 31
Sales by Property Type
Land
Avg/Median Price$390,000 / $35,000Range$35,000 – $1,100,000Price per Sq Ft—Sq Ft—DOM122 / 32New0Total3
Multi-Family
Avg/Median Price$433,043 / $419,900Range$260,000 – $629,000Price per Sq Ft—Sq Ft—DOM69 / 55New0Total7
Single Family
Avg/Median Price$283,632 / $289,900Range$70,000 – $429,900Price per Sq Ft$217 / $220Sq Ft1,307 / 1,180DOM63 / 58New0Total19
Townhouse
Avg/Median Price$294,950 / $274,900Range$274,900 – $315,000Price per Sq Ft$190 / $171Sq Ft1,556 / 1,504DOM23 / 19New0Total2
Sales by Bedroom Count
2 Beds
Avg:$287,200Median:$274,900Range:$274,900 – $299,500PSF:$249 / $171Sq Ft:1,261 / 914DOM:23 / 19New:0Total:2
3 Beds
Avg:$282,719Median:$275,000Range:$70,000 – $429,900PSF:$211 / $220Sq Ft:1,318 / 1,180DOM:56 / 36New:0Total:16
4 Beds
Avg:$296,180Median:$310,000Range:$260,000 – $339,900PSF:$211 / $208Sq Ft:1,446 / 1,250DOM:108 / 123New:0Total:5
6 Beds
Avg:$437,450Median:$419,900Range:$419,900 – $455,000PSF:—Sq Ft:—DOM:34 / 13New:0Total:2
8 Beds
Avg:$518,833Median:$577,500Range:$350,000 – $629,000PSF:—Sq Ft:—DOM:65 / 69New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $287,200 | $274,900 | $274,900 – $299,500 | $249 / $171 | 1,261 / 914 | 23 / 19 | 0 | 2 |
| 3 Beds | $282,719 | $275,000 | $70,000 – $429,900 | $211 / $220 | 1,318 / 1,180 | 56 / 36 | 0 | 16 |
| 4 Beds | $296,180 | $310,000 | $260,000 – $339,900 | $211 / $208 | 1,446 / 1,250 | 108 / 123 | 0 | 5 |
| 6 Beds | $437,450 | $419,900 | $419,900 – $455,000 | — | — | 34 / 13 | 0 | 2 |
| 8 Beds | $518,833 | $577,500 | $350,000 – $629,000 | — | — | 65 / 69 | 0 | 3 |
Rental Market Overview
Median Rent
$1,600
0.0%
Median DOM
8
−70.4%
New Listings
1
Inventory
10
0.0%
- Average Rent: $1,988
- Median Rent: $1,600
- Rent Range: $1,500 – $3,250
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,081 / 900
- Square Footage Range: 700 – 2,200
- Days on Market (Avg/Median): 45 / 8
- Days on Market Range: 3 – 129
- New Listings: 1
- Total Listings: 10
Rentals by Property Type
Apartment
$1,695
Median DOM: 56
Inventory: 3
MoM: 0.0%
Condo
$1,540
Median DOM: 8
Inventory: 4
MoM: 0.0%
Single Family
$3,000
Median DOM: 114
Inventory: 3
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,630 / $1,695Range$1,500 – $1,695Rent per Sq Ft$2 / $2Sq Ft950 / 900DOM56 / 56New0Total3
Condo
Avg/Median Rent$1,560 / $1,540Range$1,500 – $1,600Rent per Sq Ft$2 / $2Sq Ft700 / 700DOM8 / 8New0Total4
Single Family
Avg/Median Rent$2,917 / $3,000Range$2,500 – $3,250Rent per Sq Ft$2 / $2Sq Ft1,675 / 1,470DOM82 / 114New1Total3
Rentals by Bedroom Count
Studio
Avg:$1,695Median:$1,695Range:$1,695 – $1,695PSF:—Sq Ft:—DOM:27 / 27New:0Total:1
2 Beds
Avg:$1,548Median:$1,540Range:$1,500 – $1,600PSF:$2 / $2Sq Ft:740 / 700DOM:18 / 8New:0Total:5
3 Beds
Avg:$2,482Median:$2,500Range:$1,695 – $3,250PSF:$2 / $2Sq Ft:1,518 / 1,355DOM:67 / 84New:1Total:3
4 Beds
Avg:$3,000Median:$3,000Range:$3,000 – $3,000PSF:$2 / $2Sq Ft:1,470 / 1,470DOM:129 / 129New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,695 | $1,695 | $1,695 – $1,695 | — | — | 27 / 27 | 0 | 1 |
| 2 Beds | $1,548 | $1,540 | $1,500 – $1,600 | $2 / $2 | 740 / 700 | 18 / 8 | 0 | 5 |
| 3 Beds | $2,482 | $2,500 | $1,695 – $3,250 | $2 / $2 | 1,518 / 1,355 | 67 / 84 | 1 | 3 |
| 4 Beds | $3,000 | $3,000 | $3,000 – $3,000 | $2 / $2 | 1,470 / 1,470 | 129 / 129 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$290,000Median DOM:57New:8Total:33
Nov 2025
Median Price:$299,900Median DOM:60New:10Total:38
Dec 2025
Median Price:$294,000Median DOM:58New:5Total:36
Jan 2026
Median Price:$311,000Median DOM:70New:5Total:35
Feb 2026
Median Price:$299,500Median DOM:53New:9Total:31
Mar 2026
Median Price:$310,000Median DOM:38New:0Total:31
6-Month Rental Trend
Oct 2025
Median Rent:$1,350Median DOM:17New:3Total:9
Nov 2025
Median Rent:$1,840Median DOM:20New:3Total:9
Dec 2025
Median Rent:$1,495Median DOM:43New:1Total:8
Jan 2026
Median Rent:$1,695Median DOM:44New:2Total:8
Feb 2026
Median Rent:$1,600Median DOM:27New:4Total:10
Mar 2026
Median Rent:$1,600Median DOM:8New:1Total:10
Key Market Takeaways
Median sale prices moved higher this month while inventory remained stable. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory was flat.
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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