ZIP 60502 Housing Market Report
Chicago Metro
Report period: August 2026
60502 Monthly Market Update – August 2026
ZIP 60502 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$485,000
+7.8%
Median DOM (Sales)
6
+100.0%
New Listings (Sales)
41
−45.3%
Median Rent
$2,329
+1.4%
Median DOM (Rental)
1
0.0%
Total Rental Listings
166
+6.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (1 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($699,900 median)
Sales Market Overview
Median Price
$485,000
+7.8%
Median DOM
6
+100.0%
New Listings
41
−45.3%
Inventory
122
0.0%
- Average Price: $530,429
- Median Price: $485,000
- Price Range: $225,000 – $1,295,000
- Price per Sq Ft (Avg/Median): $230 / $226
- Square Footage (Avg/Median): 2,311 / 2,067
- Square Footage Range: 784 – 5,724
- Days on Market (Avg/Median): 15 / 6
- Days on Market Range: 1 – 314
- New Listings: 41
- Total Listings: 122
Sales by Property Type
Condo
Avg/Median Price$328,067 / $315,000Range$299,000 – $385,000Price per Sq Ft$203 / $184Sq Ft1,651 / 1,656DOM16 / 1New1Total6
Land
Avg/Median Price$743,750 / $425,000Range$350,000 – $1,250,000Price per Sq Ft—Sq Ft—DOM109 / 20New1Total4
Single Family
Avg/Median Price$650,341 / $639,000Range$299,900 – $1,295,000Price per Sq Ft$238 / $238Sq Ft2,843 / 2,707DOM12 / 5New22Total63
Townhouse
Avg/Median Price$383,621 / $355,000Range$225,000 – $725,000Price per Sq Ft$225 / $221Sq Ft1,718 / 1,671DOM11 / 6New17Total49
Sales by Bedroom Count
2 Beds
Avg:$331,859Median:$330,000Range:$225,000 – $491,990PSF:$222 / $212Sq Ft:1,532 / 1,536DOM:12 / 7New:7Total:27
3 Beds
Avg:$458,842Median:$425,000Range:$261,000 – $799,999PSF:$231 / $226Sq Ft:2,011 / 1,904DOM:12 / 6New:19Total:51
4 Beds
Avg:$713,825Median:$675,000Range:$450,000 – $1,295,000PSF:$239 / $239Sq Ft:3,060 / 2,903DOM:7 / 1New:13Total:32
5 Beds
Avg:$816,725Median:$699,900Range:$559,900 – $1,186,000PSF:$224 / $214Sq Ft:3,681 / 3,414DOM:20 / 5New:1Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $331,859 | $330,000 | $225,000 – $491,990 | $222 / $212 | 1,532 / 1,536 | 12 / 7 | 7 | 27 |
| 3 Beds | $458,842 | $425,000 | $261,000 – $799,999 | $231 / $226 | 2,011 / 1,904 | 12 / 6 | 19 | 51 |
| 4 Beds | $713,825 | $675,000 | $450,000 – $1,295,000 | $239 / $239 | 3,060 / 2,903 | 7 / 1 | 13 | 32 |
| 5 Beds | $816,725 | $699,900 | $559,900 – $1,186,000 | $224 / $214 | 3,681 / 3,414 | 20 / 5 | 1 | 8 |
Rental Market Overview
Median Rent
$2,329
+1.4%
Median DOM
1
0.0%
New Listings
97
Inventory
166
+6.4%
- Average Rent: $2,367
- Median Rent: $2,329
- Rent Range: $1,638 – $4,250
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,280 / 1,232
- Square Footage Range: 685 – 3,264
- Days on Market (Avg/Median): 10 / 1
- Days on Market Range: 1 – 238
- New Listings: 97
- Total Listings: 166
Rentals by Property Type
Apartment
$2,027
Median DOM: 1
Inventory: 95
MoM: +1.4%
Condo
$2,500
Median DOM: 8
Inventory: 3
MoM: +1.4%
Single Family
$2,700
Median DOM: 11
Inventory: 23
MoM: +1.4%
Townhouse
$2,550
Median DOM: 9
Inventory: 45
MoM: +1.4%
Apartment
Avg/Median Rent$2,106 / $2,027Range$1,638 – $3,289Rent per Sq Ft$2 / $2Sq Ft978 / 970DOM4 / 1New66Total95
Condo
Avg/Median Rent$2,350 / $2,500Range$1,850 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,333 / 1,656DOM16 / 8New2Total3
Single Family
Avg/Median Rent$3,058 / $2,700Range$2,195 – $4,250Rent per Sq Ft$2 / $2Sq Ft1,892 / 1,698DOM18 / 11New9Total23
Townhouse
Avg/Median Rent$2,564 / $2,550Range$1,850 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,602 / 1,576DOM18 / 9New20Total45
Rentals by Bedroom Count
1 Beds
Avg:$1,845Median:$1,838Range:$1,638 – $2,360PSF:$2 / $2Sq Ft:751 / 777DOM:7 / 1New:32Total:46
2 Beds
Avg:$2,363Median:$2,300Range:$1,850 – $4,250PSF:$2 / $2Sq Ft:1,271 / 1,210DOM:7 / 1New:46Total:66
3 Beds
Avg:$2,667Median:$2,659Range:$1,999 – $3,289PSF:$2 / $2Sq Ft:1,611 / 1,585DOM:18 / 8New:17Total:47
4 Beds
Avg:$3,782Median:$4,000Range:$2,895 – $4,250PSF:$1 / $2Sq Ft:2,593 / 2,646DOM:15 / 13New:2Total:6
5 Beds
Avg:$4,000Median:$4,000Range:$4,000 – $4,000PSF:$1 / $1Sq Ft:2,762 / 2,762DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,845 | $1,838 | $1,638 – $2,360 | $2 / $2 | 751 / 777 | 7 / 1 | 32 | 46 |
| 2 Beds | $2,363 | $2,300 | $1,850 – $4,250 | $2 / $2 | 1,271 / 1,210 | 7 / 1 | 46 | 66 |
| 3 Beds | $2,667 | $2,659 | $1,999 – $3,289 | $2 / $2 | 1,611 / 1,585 | 18 / 8 | 17 | 47 |
| 4 Beds | $3,782 | $4,000 | $2,895 – $4,250 | $1 / $2 | 2,593 / 2,646 | 15 / 13 | 2 | 6 |
| 5 Beds | $4,000 | $4,000 | $4,000 – $4,000 | $1 / $1 | 2,762 / 2,762 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$475,000Median DOM:11New:27Total:59
Apr 2026
Median Price:$485,000Median DOM:10New:37Total:74
May 2026
Median Price:$481,758Median DOM:8New:37Total:86
Jun 2026
Median Price:$482,792Median DOM:6New:63Total:104
Jul 2026
Median Price:$450,000Median DOM:3New:75Total:122
Aug 2026
Median Price:$485,000Median DOM:6New:41Total:122
6-Month Rental Trend
Mar 2026
Median Rent:$2,287Median DOM:1New:89Total:151
Apr 2026
Median Rent:$2,218Median DOM:1New:97Total:153
May 2026
Median Rent:$2,200Median DOM:1New:86Total:157
Jun 2026
Median Rent:$2,250Median DOM:1New:92Total:151
Jul 2026
Median Rent:$2,297Median DOM:1New:106Total:156
Aug 2026
Median Rent:$2,329Median DOM:1New:97Total:166
Key Market Takeaways
Median sale prices moved higher this month while inventory remained stable. 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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