ZIP 60501 Housing Market Report
Chicago Metro
Report period: May 2026
60501 Monthly Market Update – May 2026
ZIP 60501 · Last updated May 13, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$354,700
+7.5%
Median DOM (Sales)
38
0.0%
New Listings (Sales)
1
−80.0%
Median Rent
$1,500
−11.5%
Median DOM (Rental)
25
−32.4%
Total Rental Listings
9
+28.6%
Month-over-Month Movement
Median sale prices moved higher. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (35 DOM)
- Fastest renting: Single Family (10 DOM)
- Strongest bedroom: 6 Beds ($419,900 median)
Sales Market Overview
Median Price
$354,700
+7.5%
Median DOM
38
0.0%
New Listings
1
−80.0%
Inventory
27
−6.9%
- Average Price: $365,775
- Median Price: $354,700
- Price Range: $35,000 – $1,100,000
- Price per Sq Ft (Avg/Median): $234 / $216
- Square Footage (Avg/Median): 1,436 / 1,236
- Square Footage Range: 720 – 2,220
- Days on Market (Avg/Median): 58 / 38
- Days on Market Range: 4 – 274
- New Listings: 1
- Total Listings: 27
Sales by Property Type
Land
Avg/Median Price$390,000 / $35,000Range$35,000 – $1,100,000Price per Sq Ft—Sq Ft—DOM164 / 54New0Total3
Multi-Family
Avg/Median Price$471,614 / $419,900Range$330,000 – $700,000Price per Sq Ft$180 / $180Sq Ft2,220 / 2,220DOM56 / 38New0Total7
Single Family
Avg/Median Price$317,919 / $329,999Range$184,921 – $439,000Price per Sq Ft$238 / $220Sq Ft1,390 / 1,236DOM47 / 35New1Total17
Sales by Bedroom Count
2 Beds
Avg:$327,000Median:$275,000Range:$275,000 – $379,000PSF:$242 / $213Sq Ft:1,345 / 1,290DOM:22 / 9New:1Total:2
3 Beds
Avg:$306,620Median:$329,999Range:$184,921 – $399,900PSF:$224 / $216Sq Ft:1,416 / 1,200DOM:54 / 61New:0Total:11
4 Beds
Avg:$284,450Median:$269,000Range:$269,000 – $299,900PSF:$277 / $255Sq Ft:1,038 / 900DOM:61 / 44New:0Total:2
5 Beds
Avg:$402,933Median:$399,900Range:$369,900 – $439,000PSF:$238 / $180Sq Ft:1,837 / 2,054DOM:22 / 25New:0Total:3
6 Beds
Avg:$437,450Median:$419,900Range:$419,900 – $455,000PSF:—Sq Ft:—DOM:68 / 61New:0Total:2
7 Beds
Avg:$559,500Median:$419,000Range:$419,000 – $700,000PSF:—Sq Ft:—DOM:11 / 7New:0Total:2
8 Beds
Avg:$453,750Median:$330,000Range:$330,000 – $577,500PSF:—Sq Ft:—DOM:103 / 38New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $327,000 | $275,000 | $275,000 – $379,000 | $242 / $213 | 1,345 / 1,290 | 22 / 9 | 1 | 2 |
| 3 Beds | $306,620 | $329,999 | $184,921 – $399,900 | $224 / $216 | 1,416 / 1,200 | 54 / 61 | 0 | 11 |
| 4 Beds | $284,450 | $269,000 | $269,000 – $299,900 | $277 / $255 | 1,038 / 900 | 61 / 44 | 0 | 2 |
| 5 Beds | $402,933 | $399,900 | $369,900 – $439,000 | $238 / $180 | 1,837 / 2,054 | 22 / 25 | 0 | 3 |
| 6 Beds | $437,450 | $419,900 | $419,900 – $455,000 | — | — | 68 / 61 | 0 | 2 |
| 7 Beds | $559,500 | $419,000 | $419,000 – $700,000 | — | — | 11 / 7 | 0 | 2 |
| 8 Beds | $453,750 | $330,000 | $330,000 – $577,500 | — | — | 103 / 38 | 0 | 2 |
Rental Market Overview
Median Rent
$1,500
−11.5%
Median DOM
25
−32.4%
New Listings
3
Inventory
9
+28.6%
- Average Rent: $1,799
- Median Rent: $1,500
- Rent Range: $950 – $3,250
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,121 / 850
- Square Footage Range: 800 – 2,200
- Days on Market (Avg/Median): 45 / 25
- Days on Market Range: 6 – 146
- New Listings: 3
- Total Listings: 9
Rentals by Property Type
Apartment
$1,450
Median DOM: 25
Inventory: 4
MoM: −11.5%
Condo
—
Median DOM: —
Inventory: —
MoM: −11.5%
Single Family
$1,550
Median DOM: 10
Inventory: 5
MoM: −11.5%
Townhouse
—
Median DOM: —
Inventory: —
MoM: −11.5%
Apartment
Avg/Median Rent$1,511 / $1,450Range$1,200 – $1,900Rent per Sq Ft$2 / $2Sq Ft912 / 850DOM54 / 25New1Total4
Single Family
Avg/Median Rent$2,030 / $1,550Range$950 – $3,250Rent per Sq Ft$2 / $1Sq Ft1,330 / 850DOM39 / 10New2Total5
Rentals by Bedroom Count
1 Beds
Avg:$1,075Median:$950Range:$950 – $1,200PSF:$1 / $1Sq Ft:825 / 800DOM:17 / 9New:0Total:2
2 Beds
Avg:$1,498Median:$1,495Range:$1,450 – $1,550PSF:$2 / $2Sq Ft:850 / 850DOM:63 / 37New:1Total:3
3 Beds
Avg:$2,575Median:$1,900Range:$1,900 – $3,250PSF:$2 / $1Sq Ft:1,650 / 1,100DOM:64 / 6New:1Total:2
4 Beds
Avg:$2,200Median:$1,500Range:$1,500 – $2,900PSF:$2 / $2Sq Ft:1,470 / 1,470DOM:28 / 10New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,075 | $950 | $950 – $1,200 | $1 / $1 | 825 / 800 | 17 / 9 | 0 | 2 |
| 2 Beds | $1,498 | $1,495 | $1,450 – $1,550 | $2 / $2 | 850 / 850 | 63 / 37 | 1 | 3 |
| 3 Beds | $2,575 | $1,900 | $1,900 – $3,250 | $2 / $1 | 1,650 / 1,100 | 64 / 6 | 1 | 2 |
| 4 Beds | $2,200 | $1,500 | $1,500 – $2,900 | $2 / $2 | 1,470 / 1,470 | 28 / 10 | 1 | 2 |
6-Month Sales Trend
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:$325,000Median DOM:31New:7Total:32
Apr 2026
Median Price:$330,000Median DOM:38New:5Total:29
May 2026
Median Price:$354,700Median DOM:38New:1Total:27
6-Month Rental Trend
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:18New:3Total:11
Apr 2026
Median Rent:$1,695Median DOM:37New:1Total:7
May 2026
Median Rent:$1,500Median DOM:25New:3Total:9
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady 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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