ZIP 60505 Housing Market Report
Chicago Metro
Report period: May 2026
60505 Monthly Market Update – May 2026
ZIP 60505 · Last updated May 13, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$255,000
0.0%
Median DOM (Sales)
10
+25.0%
New Listings (Sales)
6
−84.6%
Median Rent
$1,770
+4.1%
Median DOM (Rental)
16
0.0%
Total Rental Listings
71
−2.7%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (8 DOM)
- Fastest renting: Apartment (7 DOM)
- Strongest bedroom: 8 Beds ($345,000 median)
Sales Market Overview
Median Price
$255,000
0.0%
Median DOM
10
+25.0%
New Listings
6
−84.6%
Inventory
92
−6.1%
- Average Price: $283,055
- Median Price: $255,000
- Price Range: $6,500 – $1,499,000
- Price per Sq Ft (Avg/Median): $215 / $210
- Square Footage (Avg/Median): 1,335 / 1,140
- Square Footage Range: 502 – 3,476
- Days on Market (Avg/Median): 36 / 10
- Days on Market Range: 2 – 330
- New Listings: 6
- Total Listings: 92
Sales by Property Type
Condo
Avg/Median Price$163,550 / $149,000Range$119,900 – $238,900Price per Sq Ft$205 / $187Sq Ft834 / 750DOM18 / 15New0Total18
Land
Avg/Median Price$330,908 / $44,000Range$6,500 – $1,499,000Price per Sq Ft—Sq Ft—DOM140 / 120New0Total12
Multi-Family
Avg/Median Price$401,250 / $340,000Range$315,000 – $560,000Price per Sq Ft$189 / $189Sq Ft1,800 / 1,800DOM11 / 8New0Total4
Single Family
Avg/Median Price$301,321 / $285,000Range$150,000 – $595,000Price per Sq Ft$219 / $213Sq Ft1,492 / 1,307DOM29 / 8New6Total57
Townhouse
Avg/Median Price$346,000 / $346,000Range$346,000 – $346,000Price per Sq Ft$221 / $221Sq Ft1,563 / 1,563DOM106 / 106New0Total1
Sales by Bedroom Count
1 Beds
Avg:$148,380Median:$133,900Range:$119,900 – $275,000PSF:$226 / $226Sq Ft:672 / 555DOM:23 / 17New:0Total:10
2 Beds
Avg:$246,665Median:$212,900Range:$169,900 – $519,900PSF:$241 / $221Sq Ft:1,063 / 978DOM:41 / 11New:1Total:20
3 Beds
Avg:$311,539Median:$299,900Range:$200,000 – $595,000PSF:$219 / $217Sq Ft:1,470 / 1,300DOM:19 / 8New:4Total:31
4 Beds
Avg:$303,233Median:$295,000Range:$150,000 – $479,900PSF:$176 / $171Sq Ft:1,789 / 1,514DOM:29 / 8New:1Total:15
5 Beds
Avg:$270,950Median:$266,900Range:$266,900 – $275,000PSF:$161 / $143Sq Ft:1,706 / 1,485DOM:5 / 5New:0Total:2
8 Beds
Avg:$452,500Median:$345,000Range:$345,000 – $560,000PSF:$112 / $112Sq Ft:3,082 / 3,082DOM:20 / 17New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $148,380 | $133,900 | $119,900 – $275,000 | $226 / $226 | 672 / 555 | 23 / 17 | 0 | 10 |
| 2 Beds | $246,665 | $212,900 | $169,900 – $519,900 | $241 / $221 | 1,063 / 978 | 41 / 11 | 1 | 20 |
| 3 Beds | $311,539 | $299,900 | $200,000 – $595,000 | $219 / $217 | 1,470 / 1,300 | 19 / 8 | 4 | 31 |
| 4 Beds | $303,233 | $295,000 | $150,000 – $479,900 | $176 / $171 | 1,789 / 1,514 | 29 / 8 | 1 | 15 |
| 5 Beds | $270,950 | $266,900 | $266,900 – $275,000 | $161 / $143 | 1,706 / 1,485 | 5 / 5 | 0 | 2 |
| 8 Beds | $452,500 | $345,000 | $345,000 – $560,000 | $112 / $112 | 3,082 / 3,082 | 20 / 17 | 0 | 2 |
Rental Market Overview
Median Rent
$1,770
+4.1%
Median DOM
16
0.0%
New Listings
15
Inventory
71
−2.7%
- Average Rent: $1,836
- Median Rent: $1,770
- Rent Range: $1,165 – $3,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,073 / 1,000
- Square Footage Range: 500 – 2,574
- Days on Market (Avg/Median): 31 / 16
- Days on Market Range: 1 – 323
- New Listings: 15
- Total Listings: 71
Rentals by Property Type
Apartment
$1,550
Median DOM: 7
Inventory: 30
MoM: +4.1%
Condo
$1,600
Median DOM: 15
Inventory: 10
MoM: +4.1%
Single Family
$2,200
Median DOM: 19
Inventory: 27
MoM: +4.1%
Townhouse
$1,380
Median DOM: 18
Inventory: 2
MoM: +4.1%
Apartment
Avg/Median Rent$1,586 / $1,550Range$1,165 – $2,500Rent per Sq Ft$2 / $2Sq Ft926 / 850DOM33 / 7New10Total30
Condo
Avg/Median Rent$1,697 / $1,600Range$1,400 – $2,000Rent per Sq Ft$2 / $2Sq Ft904 / 900DOM22 / 15New1Total10
Multi-Family
Avg/Median Rent$1,625 / $1,300Range$1,300 – $1,950Rent per Sq Ft$1 / $1Sq Ft1,408 / 1,408DOM18 / 16New0Total2
Single Family
Avg/Median Rent$2,198 / $2,200Range$1,299 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,251 / 1,200DOM33 / 19New4Total27
Townhouse
Avg/Median Rent$1,590 / $1,380Range$1,380 – $1,800Rent per Sq Ft$1 / $1Sq Ft1,100 / 1,100DOM18 / 18New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,285Median:$1,325Range:$1,165 – $1,325PSF:$3 / $3Sq Ft:500 / 500DOM:22 / 1New:2Total:4
1 Beds
Avg:$1,392Median:$1,300Range:$1,200 – $1,800PSF:$2 / $2Sq Ft:757 / 700DOM:55 / 21New:1Total:16
2 Beds
Avg:$1,677Median:$1,700Range:$1,300 – $2,000PSF:$2 / $2Sq Ft:952 / 970DOM:18 / 12New:8Total:23
3 Beds
Avg:$2,231Median:$2,200Range:$1,495 – $3,000PSF:$2 / $2Sq Ft:1,268 / 1,200DOM:32 / 19New:4Total:23
4 Beds
Avg:$2,509Median:$2,350Range:$2,350 – $2,835PSF:$2 / $1Sq Ft:1,720 / 1,300DOM:13 / 12New:0Total:4
5 Beds
Avg:$3,000Median:$3,000Range:$3,000 – $3,000PSF:$2 / $2Sq Ft:1,514 / 1,514DOM:38 / 38New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,285 | $1,325 | $1,165 – $1,325 | $3 / $3 | 500 / 500 | 22 / 1 | 2 | 4 |
| 1 Beds | $1,392 | $1,300 | $1,200 – $1,800 | $2 / $2 | 757 / 700 | 55 / 21 | 1 | 16 |
| 2 Beds | $1,677 | $1,700 | $1,300 – $2,000 | $2 / $2 | 952 / 970 | 18 / 12 | 8 | 23 |
| 3 Beds | $2,231 | $2,200 | $1,495 – $3,000 | $2 / $2 | 1,268 / 1,200 | 32 / 19 | 4 | 23 |
| 4 Beds | $2,509 | $2,350 | $2,350 – $2,835 | $2 / $1 | 1,720 / 1,300 | 13 / 12 | 0 | 4 |
| 5 Beds | $3,000 | $3,000 | $3,000 – $3,000 | $2 / $2 | 1,514 / 1,514 | 38 / 38 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$249,900Median DOM:47New:19Total:109
Jan 2026
Median Price:$225,000Median DOM:45New:25Total:103
Feb 2026
Median Price:$242,000Median DOM:43New:19Total:83
Mar 2026
Median Price:$244,900Median DOM:11New:32Total:86
Apr 2026
Median Price:$255,000Median DOM:8New:39Total:98
May 2026
Median Price:$255,000Median DOM:10New:6Total:92
6-Month Rental Trend
Dec 2025
Median Rent:$1,550Median DOM:23New:21Total:49
Jan 2026
Median Rent:$1,620Median DOM:22New:12Total:42
Feb 2026
Median Rent:$1,660Median DOM:17New:23Total:49
Mar 2026
Median Rent:$1,695Median DOM:15New:28Total:60
Apr 2026
Median Rent:$1,700Median DOM:16New:29Total:73
May 2026
Median Rent:$1,770Median DOM:16New:15Total:71
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory tightened.
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.
600046000560007600086001060016600186002560026600296004360053600566006060062600676006860070600746007660077600896009060091601016010360104601066010760108+168 more
← Back to Chicago Metro