ZIP 60516 Housing Market Report
Chicago Metro
Report period: July 2026
60516 Monthly Market Update – July 2026
ZIP 60516 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$470,000
+1.1%
Median DOM (Sales)
6
+20.0%
New Listings (Sales)
20
−56.5%
Median Rent
$1,824
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
111
−1.8%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (3 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($759,900 median)
Sales Market Overview
Median Price
$470,000
+1.1%
Median DOM
6
+20.0%
New Listings
20
−56.5%
Inventory
96
−4.0%
- Average Price: $531,332
- Median Price: $470,000
- Price Range: $99,000 – $1,850,000
- Price per Sq Ft (Avg/Median): $274 / $268
- Square Footage (Avg/Median): 2,031 / 1,863
- Square Footage Range: 800 – 7,207
- Days on Market (Avg/Median): 25 / 6
- Days on Market Range: 1 – 351
- New Listings: 20
- Total Listings: 96
Sales by Property Type
Condo
Avg/Median Price$290,199 / $239,990Range$215,000 – $859,900Price per Sq Ft$247 / $248Sq Ft1,150 / 1,022DOM22 / 16New2Total14
Land
Avg/Median Price$431,986 / $399,900Range$99,000 – $900,000Price per Sq Ft—Sq Ft—DOM139 / 128New0Total7
Single Family
Avg/Median Price$621,933 / $525,000Range$254,990 – $1,850,000Price per Sq Ft$285 / $273Sq Ft2,272 / 2,092DOM18 / 3New17Total66
Townhouse
Avg/Median Price$319,289 / $325,000Range$235,000 – $399,900Price per Sq Ft$230 / $228Sq Ft1,472 / 1,288DOM10 / 6New1Total9
Sales by Bedroom Count
1 Beds
Avg:$395,000Median:$395,000Range:$395,000 – $395,000PSF:$414 / $414Sq Ft:955 / 955DOM:311 / 311New:0Total:1
2 Beds
Avg:$274,376Median:$264,900Range:$215,000 – $379,000PSF:$250 / $248Sq Ft:1,104 / 1,022DOM:18 / 11New:3Total:21
3 Beds
Avg:$507,483Median:$470,000Range:$249,900 – $1,200,000PSF:$292 / $279Sq Ft:1,830 / 1,794DOM:10 / 5New:9Total:37
4 Beds
Avg:$683,839Median:$619,900Range:$284,900 – $1,399,000PSF:$269 / $268Sq Ft:2,589 / 2,477DOM:19 / 4New:6Total:23
5 Beds
Avg:$1,103,817Median:$759,900Range:$499,000 – $1,850,000PSF:$261 / $235Sq Ft:4,097 / 3,308DOM:9 / 1New:2Total:6
6 Beds
Avg:$699,000Median:$699,000Range:$699,000 – $699,000PSF:$193 / $193Sq Ft:3,628 / 3,628DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $395,000 | $395,000 | $395,000 – $395,000 | $414 / $414 | 955 / 955 | 311 / 311 | 0 | 1 |
| 2 Beds | $274,376 | $264,900 | $215,000 – $379,000 | $250 / $248 | 1,104 / 1,022 | 18 / 11 | 3 | 21 |
| 3 Beds | $507,483 | $470,000 | $249,900 – $1,200,000 | $292 / $279 | 1,830 / 1,794 | 10 / 5 | 9 | 37 |
| 4 Beds | $683,839 | $619,900 | $284,900 – $1,399,000 | $269 / $268 | 2,589 / 2,477 | 19 / 4 | 6 | 23 |
| 5 Beds | $1,103,817 | $759,900 | $499,000 – $1,850,000 | $261 / $235 | 4,097 / 3,308 | 9 / 1 | 2 | 6 |
| 6 Beds | $699,000 | $699,000 | $699,000 – $699,000 | $193 / $193 | 3,628 / 3,628 | 1 / 1 | 0 | 1 |
Rental Market Overview
Median Rent
$1,824
0.0%
Median DOM
1
0.0%
New Listings
59
Inventory
111
−1.8%
- Average Rent: $1,905
- Median Rent: $1,824
- Rent Range: $1,346 – $4,200
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 975 / 907
- Square Footage Range: 700 – 3,500
- Days on Market (Avg/Median): 8 / 1
- Days on Market Range: 1 – 348
- New Listings: 59
- Total Listings: 111
Rentals by Property Type
Apartment
$1,802
Median DOM: 1
Inventory: 100
MoM: 0.0%
Condo
$1,850
Median DOM: 1
Inventory: 3
MoM: 0.0%
Single Family
$3,300
Median DOM: 11
Inventory: 6
MoM: 0.0%
Townhouse
$2,100
Median DOM: 1
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$1,799 / $1,802Range$1,346 – $2,326Rent per Sq Ft$2 / $2Sq Ft912 / 899DOM7 / 1New58Total100
Condo
Avg/Median Rent$1,867 / $1,850Range$1,750 – $2,000Rent per Sq Ft$2 / $2Sq Ft1,029 / 968DOM23 / 1New0Total3
Single Family
Avg/Median Rent$3,475 / $3,300Range$2,900 – $4,200Rent per Sq Ft$2 / $2Sq Ft1,954 / 1,900DOM28 / 11New1Total6
Townhouse
Avg/Median Rent$2,550 / $2,100Range$2,100 – $3,000Rent per Sq Ft$3 / $3Sq Ft1,200 / 1,200DOM10 / 1New0Total2
Rentals by Bedroom Count
1 Beds
Avg:$1,722Median:$1,802Range:$1,346 – $2,192PSF:$2 / $2Sq Ft:776 / 750DOM:11 / 1New:29Total:56
2 Beds
Avg:$1,895Median:$1,835Range:$1,666 – $2,326PSF:$2 / $2Sq Ft:1,082 / 1,031DOM:2 / 1New:29Total:47
3 Beds
Avg:$2,725Median:$2,900Range:$2,100 – $3,000PSF:$2 / $3Sq Ft:1,412 / 1,200DOM:34 / 18New:0Total:4
4 Beds
Avg:$3,833Median:$4,000Range:$3,300 – $4,200PSF:$2 / $2Sq Ft:2,248 / 1,900DOM:16 / 11New:0Total:3
5 Beds
Avg:$3,550Median:$3,550Range:$3,550 – $3,550PSF:$2 / $2Sq Ft:1,943 / 1,943DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,722 | $1,802 | $1,346 – $2,192 | $2 / $2 | 776 / 750 | 11 / 1 | 29 | 56 |
| 2 Beds | $1,895 | $1,835 | $1,666 – $2,326 | $2 / $2 | 1,082 / 1,031 | 2 / 1 | 29 | 47 |
| 3 Beds | $2,725 | $2,900 | $2,100 – $3,000 | $2 / $3 | 1,412 / 1,200 | 34 / 18 | 0 | 4 |
| 4 Beds | $3,833 | $4,000 | $3,300 – $4,200 | $2 / $2 | 2,248 / 1,900 | 16 / 11 | 0 | 3 |
| 5 Beds | $3,550 | $3,550 | $3,550 – $3,550 | $2 / $2 | 1,943 / 1,943 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
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:$450,000Median DOM:7New:42Total:96
Jun 2026
Median Price:$465,000Median DOM:5New:46Total:100
Jul 2026
Median Price:$470,000Median DOM:6New:20Total:96
6-Month Rental Trend
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:67Total:125
Jun 2026
Median Rent:$1,824Median DOM:1New:85Total:113
Jul 2026
Median Rent:$1,824Median DOM:1New:59Total:111
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower 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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