ZIP 60516 Housing Market Report
Chicago Metro
Report period: May 2026
60516 Monthly Market Update – May 2026
ZIP 60516 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$434,900
−8.4%
Median DOM (Sales)
12
0.0%
New Listings (Sales)
10
−67.7%
Median Rent
$1,772
+0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
130
+0.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (7 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,050,000 median)
Sales Market Overview
Median Price
$434,900
−8.4%
Median DOM
12
0.0%
New Listings
10
−67.7%
Inventory
86
−4.4%
- Average Price: $521,536
- Median Price: $434,900
- Price Range: $99,000 – $1,850,000
- Price per Sq Ft (Avg/Median): $271 / $258
- Square Footage (Avg/Median): 2,051 / 1,500
- Square Footage Range: 955 – 7,207
- Days on Market (Avg/Median): 54 / 12
- Days on Market Range: 3 – 361
- New Listings: 10
- Total Listings: 86
Sales by Property Type
Condo
Avg/Median Price$246,893 / $239,900Range$200,000 – $325,000Price per Sq Ft$235 / $227Sq Ft1,047 / 1,024DOM26 / 17New2Total16
Land
Avg/Median Price$391,143 / $300,000Range$99,000 – $900,000Price per Sq Ft—Sq Ft—DOM183 / 104New1Total14
Single Family
Avg/Median Price$659,988 / $575,000Range$280,000 – $1,850,000Price per Sq Ft$287 / $280Sq Ft2,406 / 2,116DOM36 / 7New7Total51
Townhouse
Avg/Median Price$353,280 / $325,000Range$309,900 – $425,000Price per Sq Ft$228 / $242Sq Ft1,646 / 1,394DOM14 / 11New0Total5
Sales by Bedroom Count
1 Beds
Avg:$425,000Median:$425,000Range:$425,000 – $425,000PSF:$445 / $445Sq Ft:955 / 955DOM:250 / 250New:0Total:1
2 Beds
Avg:$272,814Median:$250,000Range:$200,000 – $425,000PSF:$236 / $229Sq Ft:1,182 / 1,058DOM:23 / 14New:3Total:21
3 Beds
Avg:$505,574Median:$465,000Range:$280,000 – $949,900PSF:$293 / $298Sq Ft:1,809 / 1,500DOM:33 / 7New:5Total:27
4 Beds
Avg:$766,750Median:$699,900Range:$399,000 – $1,399,000PSF:$275 / $274Sq Ft:2,820 / 2,600DOM:28 / 7New:1Total:18
5 Beds
Avg:$1,258,750Median:$1,050,000Range:$685,000 – $1,850,000PSF:$271 / $258Sq Ft:4,662 / 3,748DOM:49 / 6New:0Total:4
6 Beds
Avg:$735,000Median:$735,000Range:$735,000 – $735,000PSF:$203 / $203Sq Ft:3,628 / 3,628DOM:12 / 12New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $425,000 | $425,000 | $425,000 – $425,000 | $445 / $445 | 955 / 955 | 250 / 250 | 0 | 1 |
| 2 Beds | $272,814 | $250,000 | $200,000 – $425,000 | $236 / $229 | 1,182 / 1,058 | 23 / 14 | 3 | 21 |
| 3 Beds | $505,574 | $465,000 | $280,000 – $949,900 | $293 / $298 | 1,809 / 1,500 | 33 / 7 | 5 | 27 |
| 4 Beds | $766,750 | $699,900 | $399,000 – $1,399,000 | $275 / $274 | 2,820 / 2,600 | 28 / 7 | 1 | 18 |
| 5 Beds | $1,258,750 | $1,050,000 | $685,000 – $1,850,000 | $271 / $258 | 4,662 / 3,748 | 49 / 6 | 0 | 4 |
| 6 Beds | $735,000 | $735,000 | $735,000 – $735,000 | $203 / $203 | 3,628 / 3,628 | 12 / 12 | 0 | 1 |
Rental Market Overview
Median Rent
$1,772
+0.6%
Median DOM
1
0.0%
New Listings
48
Inventory
130
+0.8%
- Average Rent: $1,877
- Median Rent: $1,772
- Rent Range: $1,357 – $4,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 972 / 899
- Square Footage Range: 700 – 3,500
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 287
- New Listings: 48
- Total Listings: 130
Rentals by Property Type
Apartment
$1,730
Median DOM: 1
Inventory: 114
MoM: +0.6%
Condo
$1,975
Median DOM: 18
Inventory: 5
MoM: +0.6%
Single Family
$3,350
Median DOM: 24
Inventory: 10
MoM: +0.6%
Townhouse
$3,000
Median DOM: 12
Inventory: 1
MoM: +0.6%
Apartment
Avg/Median Rent$1,744 / $1,730Range$1,357 – $2,316Rent per Sq Ft$2 / $2Sq Ft894 / 767DOM5 / 1New45Total114
Condo
Avg/Median Rent$1,975 / $1,975Range$1,900 – $2,100Rent per Sq Ft$2 / $2Sq Ft1,011 / 968DOM36 / 18New0Total5
Single Family
Avg/Median Rent$3,224 / $3,350Range$1,800 – $4,200Rent per Sq Ft$2 / $2Sq Ft1,917 / 1,900DOM27 / 24New2Total10
Townhouse
Avg/Median Rent$3,000 / $3,000Range$3,000 – $3,000Rent per Sq Ft$3 / $3Sq Ft1,200 / 1,200DOM12 / 12New1Total1
Rentals by Bedroom Count
1 Beds
Avg:$1,661Median:$1,499Range:$1,357 – $2,192PSF:$2 / $2Sq Ft:773 / 750DOM:7 / 1New:25Total:72
2 Beds
Avg:$1,926Median:$1,800Range:$1,666 – $3,500PSF:$2 / $2Sq Ft:1,096 / 1,031DOM:5 / 1New:20Total:49
3 Beds
Avg:$3,150Median:$3,000Range:$2,900 – $3,500PSF:$2 / $2Sq Ft:1,662 / 1,484DOM:27 / 24New:1Total:5
4 Beds
Avg:$3,549Median:$3,500Range:$2,900 – $4,200PSF:$2 / $2Sq Ft:2,208 / 1,900DOM:28 / 6New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,661 | $1,499 | $1,357 – $2,192 | $2 / $2 | 773 / 750 | 7 / 1 | 25 | 72 |
| 2 Beds | $1,926 | $1,800 | $1,666 – $3,500 | $2 / $2 | 1,096 / 1,031 | 5 / 1 | 20 | 49 |
| 3 Beds | $3,150 | $3,000 | $2,900 – $3,500 | $2 / $2 | 1,662 / 1,484 | 27 / 24 | 1 | 5 |
| 4 Beds | $3,549 | $3,500 | $2,900 – $4,200 | $2 / $2 | 2,208 / 1,900 | 28 / 6 | 2 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$440,000Median DOM:54New:11Total:101
Jan 2026
Median Price:$450,000Median DOM:41New:25Total:99
Feb 2026
Median Price:$455,000Median DOM:19New:25Total:80
Mar 2026
Median Price:$475,000Median DOM:13New:21Total:82
Apr 2026
Median Price:$475,000Median DOM:12New:31Total:90
May 2026
Median Price:$434,900Median DOM:12New:10Total:86
6-Month Rental Trend
Dec 2025
Median Rent:$1,718Median DOM:1New:91Total:118
Jan 2026
Median Rent:$1,757Median DOM:1New:87Total:117
Feb 2026
Median Rent:$1,757Median DOM:1New:54Total:104
Mar 2026
Median Rent:$1,723Median DOM:1New:97Total:119
Apr 2026
Median Rent:$1,761Median DOM:1New:100Total:129
May 2026
Median Rent:$1,772Median DOM:1New:48Total:130
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market were unchanged, signaling steady 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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