ZIP 60505 Housing Market Report
Chicago Metro
Report period: March 2026
60505 Monthly Market Update – March 2026
ZIP 60505 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$253,000
+4.5%
Median DOM (Sales)
16
−62.8%
New Listings (Sales)
11
−42.1%
Median Rent
$1,695
+2.1%
Median DOM (Rental)
14
−17.6%
Total Rental Listings
56
+14.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (10 DOM)
- Fastest renting: Townhouse (1 DOM)
- Strongest bedroom: 7 Beds ($1,275,000 median)
Sales Market Overview
Median Price
$253,000
+4.5%
Median DOM
16
−62.8%
New Listings
11
−42.1%
Inventory
84
+1.2%
- Average Price: $282,654
- Median Price: $253,000
- Price Range: $6,500 – $1,499,000
- Price per Sq Ft (Avg/Median): $215 / $205
- Square Footage (Avg/Median): 1,319 / 1,232
- Square Footage Range: 500 – 2,804
- Days on Market (Avg/Median): 52 / 16
- Days on Market Range: 1 – 346
- New Listings: 11
- Total Listings: 84
Sales by Property Type
Condo
Avg/Median Price$169,814 / $167,000Range$130,000 – $215,000Price per Sq Ft$216 / $207Sq Ft811 / 908DOM23 / 10New1Total7
Land
Avg/Median Price$266,400 / $50,000Range$6,500 – $1,499,000Price per Sq Ft—Sq Ft—DOM162 / 82New0Total11
Manufactured
Avg/Median Price$70,000 / $70,000Range$70,000 – $70,000Price per Sq Ft—Sq Ft—DOM85 / 85New0Total1
Multi-Family
Avg/Median Price$471,812 / $340,000Range$220,000 – $1,275,000Price per Sq Ft$191 / $197Sq Ft1,705 / 1,752DOM57 / 12New1Total8
Single Family
Avg/Median Price$275,595 / $259,900Range$130,000 – $519,900Price per Sq Ft$216 / $208Sq Ft1,360 / 1,250DOM40 / 11New9Total56
Townhouse
Avg/Median Price$346,000 / $346,000Range$346,000 – $346,000Price per Sq Ft$221 / $221Sq Ft1,563 / 1,563DOM56 / 56New0Total1
Sales by Bedroom Count
1 Beds
Avg:$136,725Median:$130,000Range:$130,000 – $149,000PSF:$232 / $226Sq Ft:599 / 550DOM:16 / 5New:1Total:4
2 Beds
Avg:$234,794Median:$215,000Range:$70,000 – $519,900PSF:$248 / $233Sq Ft:1,043 / 908DOM:52 / 47New:1Total:17
3 Beds
Avg:$275,141Median:$254,900Range:$179,900 – $420,000PSF:$211 / $209Sq Ft:1,359 / 1,274DOM:39 / 9New:6Total:29
4 Beds
Avg:$303,265Median:$310,000Range:$189,900 – $389,999PSF:$186 / $170Sq Ft:1,711 / 1,605DOM:25 / 11New:2Total:17
5 Beds
Avg:$340,000Median:$280,000Range:$280,000 – $400,000PSF:$205 / $205Sq Ft:1,363 / 1,363DOM:49 / 7New:0Total:2
6 Beds
Avg:$304,750Median:$265,000Range:$265,000 – $344,500PSF:$181 / $166Sq Ft:1,676 / 1,600DOM:60 / 5New:1Total:2
7 Beds
Avg:$1,275,000Median:$1,275,000Range:$1,275,000 – $1,275,000PSF:—Sq Ft:—DOM:173 / 173New:0Total:1
8 Beds
Avg:$575,000Median:$575,000Range:$575,000 – $575,000PSF:—Sq Ft:—DOM:105 / 105New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $136,725 | $130,000 | $130,000 – $149,000 | $232 / $226 | 599 / 550 | 16 / 5 | 1 | 4 |
| 2 Beds | $234,794 | $215,000 | $70,000 – $519,900 | $248 / $233 | 1,043 / 908 | 52 / 47 | 1 | 17 |
| 3 Beds | $275,141 | $254,900 | $179,900 – $420,000 | $211 / $209 | 1,359 / 1,274 | 39 / 9 | 6 | 29 |
| 4 Beds | $303,265 | $310,000 | $189,900 – $389,999 | $186 / $170 | 1,711 / 1,605 | 25 / 11 | 2 | 17 |
| 5 Beds | $340,000 | $280,000 | $280,000 – $400,000 | $205 / $205 | 1,363 / 1,363 | 49 / 7 | 0 | 2 |
| 6 Beds | $304,750 | $265,000 | $265,000 – $344,500 | $181 / $166 | 1,676 / 1,600 | 60 / 5 | 1 | 2 |
| 7 Beds | $1,275,000 | $1,275,000 | $1,275,000 – $1,275,000 | — | — | 173 / 173 | 0 | 1 |
| 8 Beds | $575,000 | $575,000 | $575,000 – $575,000 | — | — | 105 / 105 | 0 | 1 |
Rental Market Overview
Median Rent
$1,695
+2.1%
Median DOM
14
−17.6%
New Listings
17
Inventory
56
+14.3%
- Average Rent: $1,768
- Median Rent: $1,695
- Rent Range: $990 – $3,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 990 / 919
- Square Footage Range: 350 – 2,574
- Days on Market (Avg/Median): 37 / 14
- Days on Market Range: 1 – 304
- New Listings: 17
- Total Listings: 56
Rentals by Property Type
Apartment
$1,470
Median DOM: 7
Inventory: 26
MoM: +2.1%
Condo
$1,750
Median DOM: 23
Inventory: 10
MoM: +2.1%
Single Family
$2,350
Median DOM: 13
Inventory: 18
MoM: +2.1%
Townhouse
$1,695
Median DOM: 1
Inventory: 1
MoM: +2.1%
Apartment
Avg/Median Rent$1,461 / $1,470Range$990 – $2,000Rent per Sq Ft$2 / $2Sq Ft733 / 750DOM42 / 7New8Total26
Condo
Avg/Median Rent$1,752 / $1,750Range$1,350 – $2,000Rent per Sq Ft$2 / $2Sq Ft970 / 919DOM37 / 23New1Total10
Multi-Family
Avg/Median Rent$1,600 / $1,600Range$1,600 – $1,600Rent per Sq Ft$2 / $2Sq Ft814 / 814DOM8 / 8New1Total1
Single Family
Avg/Median Rent$2,232 / $2,350Range$1,200 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,293 / 1,232DOM32 / 13New6Total18
Townhouse
Avg/Median Rent$1,695 / $1,695Range$1,695 – $1,695Rent per Sq Ft$2 / $2Sq Ft1,056 / 1,056DOM1 / 1New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,176Median:$1,100Range:$1,000 – $1,440PSF:$3 / $3Sq Ft:453 / 430DOM:10 / 10New:1Total:4
1 Beds
Avg:$1,342Median:$1,300Range:$990 – $1,600PSF:$2 / $2Sq Ft:609 / 610DOM:61 / 8New:3Total:14
2 Beds
Avg:$1,698Median:$1,705Range:$1,350 – $2,150PSF:$2 / $2Sq Ft:908 / 908DOM:16 / 8New:9Total:21
3 Beds
Avg:$2,266Median:$2,350Range:$1,550 – $3,000PSF:$2 / $2Sq Ft:1,347 / 1,232DOM:54 / 39New:3Total:15
4 Beds
Avg:$2,918Median:$2,835Range:$2,835 – $3,000PSF:$2 / $1Sq Ft:2,062 / 1,550DOM:8 / 1New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,176 | $1,100 | $1,000 – $1,440 | $3 / $3 | 453 / 430 | 10 / 10 | 1 | 4 |
| 1 Beds | $1,342 | $1,300 | $990 – $1,600 | $2 / $2 | 609 / 610 | 61 / 8 | 3 | 14 |
| 2 Beds | $1,698 | $1,705 | $1,350 – $2,150 | $2 / $2 | 908 / 908 | 16 / 8 | 9 | 21 |
| 3 Beds | $2,266 | $2,350 | $1,550 – $3,000 | $2 / $2 | 1,347 / 1,232 | 54 / 39 | 3 | 15 |
| 4 Beds | $2,918 | $2,835 | $2,835 – $3,000 | $2 / $1 | 2,062 / 1,550 | 8 / 1 | 1 | 2 |
6-Month Sales Trend
Oct 2025
Median Price:$259,000Median DOM:39New:37Total:130
Nov 2025
Median Price:$254,900Median DOM:45New:21Total:125
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:$253,000Median DOM:16New:11Total:84
6-Month Rental Trend
Oct 2025
Median Rent:$1,595Median DOM:20New:19Total:54
Nov 2025
Median Rent:$1,550Median DOM:28New:12Total:47
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:14New:17Total:56
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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