ZIP 60505 Housing Market Report
Chicago Metro
Report period: August 2026
60505 Monthly Market Update – August 2026
ZIP 60505 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$270,000
+5.9%
Median DOM (Sales)
4
−33.3%
New Listings (Sales)
14
−58.8%
Median Rent
$1,700
0.0%
Median DOM (Rental)
18
+63.6%
Total Rental Listings
59
−10.6%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (1 DOM)
- Fastest renting: Condo (3 DOM)
- Strongest bedroom: 8 Beds ($550,000 median)
Sales Market Overview
Median Price
$270,000
+5.9%
Median DOM
4
−33.3%
New Listings
14
−58.8%
Inventory
77
+1.3%
- Average Price: $305,370
- Median Price: $270,000
- Price Range: $6,500 – $1,499,000
- Price per Sq Ft (Avg/Median): $208 / $204
- Square Footage (Avg/Median): 1,432 / 1,388
- Square Footage Range: 510 – 2,782
- Days on Market (Avg/Median): 23 / 4
- Days on Market Range: 1 – 157
- New Listings: 14
- Total Listings: 77
Sales by Property Type
Condo
Avg/Median Price$165,638 / $164,000Range$132,900 – $219,900Price per Sq Ft$218 / $217Sq Ft785 / 860DOM20 / 7New3Total13
Land
Avg/Median Price$431,389 / $79,000Range$6,500 – $1,499,000Price per Sq Ft—Sq Ft—DOM35 / 1New1Total9
Manufactured
Avg/Median Price$64,900 / $64,900Range$64,900 – $64,900Price per Sq Ft—Sq Ft—DOM51 / 51New0Total1
Multi-Family
Avg/Median Price$426,125 / $344,500Range$335,000 – $550,000Price per Sq Ft$185 / $173Sq Ft2,252 / 1,752DOM72 / 15New1Total4
Single Family
Avg/Median Price$316,243 / $299,900Range$59,000 – $569,900Price per Sq Ft$205 / $201Sq Ft1,581 / 1,542DOM18 / 4New8Total47
Townhouse
Avg/Median Price$281,630 / $274,990Range$199,900 – $370,000Price per Sq Ft$230 / $216Sq Ft1,394 / 1,272DOM2 / 1New1Total3
Sales by Bedroom Count
1 Beds
Avg:$154,436Median:$139,900Range:$132,900 – $194,990PSF:$237 / $227Sq Ft:664 / 550DOM:25 / 7New:1Total:8
2 Beds
Avg:$241,429Median:$202,900Range:$64,900 – $569,900PSF:$226 / $215Sq Ft:1,141 / 1,013DOM:28 / 9New:3Total:17
3 Beds
Avg:$320,492Median:$309,900Range:$59,000 – $565,000PSF:$203 / $204Sq Ft:1,595 / 1,533DOM:18 / 4New:4Total:25
4 Beds
Avg:$339,243Median:$300,000Range:$179,900 – $475,000PSF:$179 / $182Sq Ft:1,890 / 1,728DOM:5 / 1New:5Total:14
5 Beds
Avg:$300,000Median:$300,000Range:$300,000 – $300,000PSF:$184 / $184Sq Ft:1,628 / 1,628DOM:1 / 1New:0Total:1
6 Beds
Avg:$339,750Median:$335,000Range:$335,000 – $344,500PSF:$197 / $197Sq Ft:1,752 / 1,752DOM:86 / 15New:0Total:2
8 Beds
Avg:$550,000Median:$550,000Range:$550,000 – $550,000PSF:—Sq Ft:—DOM:113 / 113New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $154,436 | $139,900 | $132,900 – $194,990 | $237 / $227 | 664 / 550 | 25 / 7 | 1 | 8 |
| 2 Beds | $241,429 | $202,900 | $64,900 – $569,900 | $226 / $215 | 1,141 / 1,013 | 28 / 9 | 3 | 17 |
| 3 Beds | $320,492 | $309,900 | $59,000 – $565,000 | $203 / $204 | 1,595 / 1,533 | 18 / 4 | 4 | 25 |
| 4 Beds | $339,243 | $300,000 | $179,900 – $475,000 | $179 / $182 | 1,890 / 1,728 | 5 / 1 | 5 | 14 |
| 5 Beds | $300,000 | $300,000 | $300,000 – $300,000 | $184 / $184 | 1,628 / 1,628 | 1 / 1 | 0 | 1 |
| 6 Beds | $339,750 | $335,000 | $335,000 – $344,500 | $197 / $197 | 1,752 / 1,752 | 86 / 15 | 0 | 2 |
| 8 Beds | $550,000 | $550,000 | $550,000 – $550,000 | — | — | 113 / 113 | 0 | 1 |
Rental Market Overview
Median Rent
$1,700
0.0%
Median DOM
18
+63.6%
New Listings
6
Inventory
59
−10.6%
- Average Rent: $1,826
- Median Rent: $1,700
- Rent Range: $950 – $7,855
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,016 / 908
- Square Footage Range: 412 – 2,416
- Days on Market (Avg/Median): 31 / 18
- Days on Market Range: 1 – 197
- New Listings: 6
- Total Listings: 59
Rentals by Property Type
Apartment
$1,550
Median DOM: 21
Inventory: 19
MoM: 0.0%
Condo
$1,700
Median DOM: 3
Inventory: 16
MoM: 0.0%
Single Family
$1,850
Median DOM: 35
Inventory: 21
MoM: 0.0%
Townhouse
$1,650
Median DOM: 10
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$1,511 / $1,550Range$950 – $1,850Rent per Sq Ft$2 / $2Sq Ft789 / 785DOM44 / 21New0Total19
Condo
Avg/Median Rent$1,671 / $1,700Range$1,275 – $1,900Rent per Sq Ft$2 / $2Sq Ft982 / 941DOM21 / 3New2Total16
Multi-Family
Avg/Median Rent$1,950 / $1,950Range$1,950 – $1,950Rent per Sq Ft$1 / $1Sq Ft1,408 / 1,408DOM58 / 58New0Total1
Single Family
Avg/Median Rent$2,232 / $1,850Range$1,300 – $7,855Rent per Sq Ft$2 / $2Sq Ft1,258 / 1,232DOM30 / 35New4Total21
Townhouse
Avg/Median Rent$1,725 / $1,650Range$1,650 – $1,800Rent per Sq Ft$2 / $2Sq Ft835 / 700DOM14 / 10New0Total2
Rentals by Bedroom Count
Studio
Avg:$1,253Median:$1,325Range:$950 – $1,483PSF:$3 / $3Sq Ft:447 / 430DOM:50 / 1New:0Total:3
1 Beds
Avg:$1,450Median:$1,475Range:$1,200 – $1,695PSF:$2 / $2Sq Ft:704 / 610DOM:45 / 27New:1Total:11
2 Beds
Avg:$1,678Median:$1,700Range:$1,300 – $2,050PSF:$2 / $2Sq Ft:980 / 900DOM:26 / 10New:4Total:28
3 Beds
Avg:$2,406Median:$1,900Range:$1,595 – $7,855PSF:$2 / $2Sq Ft:1,372 / 1,404DOM:33 / 35New:0Total:15
4 Beds
Avg:$2,465Median:$2,095Range:$2,095 – $2,835PSF:$2 / $2Sq Ft:1,434 / 1,289DOM:21 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,253 | $1,325 | $950 – $1,483 | $3 / $3 | 447 / 430 | 50 / 1 | 0 | 3 |
| 1 Beds | $1,450 | $1,475 | $1,200 – $1,695 | $2 / $2 | 704 / 610 | 45 / 27 | 1 | 11 |
| 2 Beds | $1,678 | $1,700 | $1,300 – $2,050 | $2 / $2 | 980 / 900 | 26 / 10 | 4 | 28 |
| 3 Beds | $2,406 | $1,900 | $1,595 – $7,855 | $2 / $2 | 1,372 / 1,404 | 33 / 35 | 0 | 15 |
| 4 Beds | $2,465 | $2,095 | $2,095 – $2,835 | $2 / $2 | 1,434 / 1,289 | 21 / 1 | 1 | 2 |
6-Month Sales Trend
Mar 2026
Median Price:$244,900Median DOM:11New:32Total:86
Apr 2026
Median Price:$255,000Median DOM:8New:39Total:98
May 2026
Median Price:$259,900Median DOM:10New:19Total:86
Jun 2026
Median Price:$255,000Median DOM:9New:22Total:70
Jul 2026
Median Price:$255,000Median DOM:6New:34Total:76
Aug 2026
Median Price:$270,000Median DOM:4New:14Total:77
6-Month Rental Trend
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:19New:25Total:71
Jun 2026
Median Rent:$1,650Median DOM:20New:24Total:60
Jul 2026
Median Rent:$1,700Median DOM:11New:26Total:66
Aug 2026
Median Rent:$1,700Median DOM:18New:6Total:59
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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.
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