ZIP 60516 Housing Market Report
Chicago Metro
Report period: March 2026
60516 Monthly Market Update – March 2026
ZIP 60516 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$475,000
+4.4%
Median DOM (Sales)
13
−31.6%
New Listings (Sales)
10
−60.0%
Median Rent
$1,768
+0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
107
+2.9%
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: Single Family (8 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($950,000 median)
Sales Market Overview
Median Price
$475,000
+4.4%
Median DOM
13
−31.6%
New Listings
10
−60.0%
Inventory
84
+5.0%
- Average Price: $527,186
- Median Price: $475,000
- Price Range: $95,000 – $1,950,000
- Price per Sq Ft (Avg/Median): $280 / $264
- Square Footage (Avg/Median): 2,167 / 1,741
- Square Footage Range: 795 – 7,207
- Days on Market (Avg/Median): 56 / 13
- Days on Market Range: 2 – 311
- New Listings: 10
- Total Listings: 84
Sales by Property Type
Condo
Avg/Median Price$250,110 / $249,800Range$205,000 – $325,000Price per Sq Ft$242 / $242Sq Ft1,038 / 1,011DOM34 / 22New2Total10
Land
Avg/Median Price$320,250 / $329,000Range$95,000 – $570,000Price per Sq Ft—Sq Ft—DOM164 / 188New1Total16
Single Family
Avg/Median Price$653,994 / $554,900Range$221,000 – $1,950,000Price per Sq Ft$289 / $283Sq Ft2,432 / 1,950DOM35 / 8New7Total54
Townhouse
Avg/Median Price$335,700 / $279,900Range$263,000 – $450,000Price per Sq Ft$245 / $244Sq Ft1,337 / 1,200DOM33 / 8New0Total4
Sales by Bedroom Count
1 Beds
Avg:$297,667Median:$263,000Range:$205,000 – $425,000PSF:$307 / $258Sq Ft:983 / 955DOM:96 / 97New:1Total:3
2 Beds
Avg:$275,610Median:$250,000Range:$210,000 – $450,000PSF:$244 / $244Sq Ft:1,122 / 1,058DOM:35 / 22New:1Total:10
3 Beds
Avg:$505,119Median:$495,000Range:$221,000 – $999,990PSF:$309 / $293Sq Ft:1,729 / 1,608DOM:39 / 7New:4Total:26
4 Beds
Avg:$654,648Median:$635,000Range:$300,000 – $1,470,000PSF:$262 / $261Sq Ft:2,563 / 2,355DOM:21 / 11New:1Total:21
5 Beds
Avg:$1,119,986Median:$950,000Range:$575,000 – $1,950,000PSF:$270 / $271Sq Ft:4,449 / 4,700DOM:40 / 6New:2Total:7
6 Beds
Avg:$789,900Median:$789,900Range:$789,900 – $789,900PSF:$218 / $218Sq Ft:3,628 / 3,628DOM:13 / 13New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $297,667 | $263,000 | $205,000 – $425,000 | $307 / $258 | 983 / 955 | 96 / 97 | 1 | 3 |
| 2 Beds | $275,610 | $250,000 | $210,000 – $450,000 | $244 / $244 | 1,122 / 1,058 | 35 / 22 | 1 | 10 |
| 3 Beds | $505,119 | $495,000 | $221,000 – $999,990 | $309 / $293 | 1,729 / 1,608 | 39 / 7 | 4 | 26 |
| 4 Beds | $654,648 | $635,000 | $300,000 – $1,470,000 | $262 / $261 | 2,563 / 2,355 | 21 / 11 | 1 | 21 |
| 5 Beds | $1,119,986 | $950,000 | $575,000 – $1,950,000 | $270 / $271 | 4,449 / 4,700 | 40 / 6 | 2 | 7 |
| 6 Beds | $789,900 | $789,900 | $789,900 – $789,900 | $218 / $218 | 3,628 / 3,628 | 13 / 13 | 0 | 1 |
Rental Market Overview
Median Rent
$1,768
+0.6%
Median DOM
1
0.0%
New Listings
45
Inventory
107
+2.9%
- Average Rent: $1,913
- Median Rent: $1,768
- Rent Range: $1,319 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,005 / 906
- Square Footage Range: 483 – 5,372
- Days on Market (Avg/Median): 12 / 1
- Days on Market Range: 1 – 341
- New Listings: 45
- Total Listings: 107
Rentals by Property Type
Apartment
$1,719
Median DOM: 1
Inventory: 90
MoM: +0.6%
Condo
$1,800
Median DOM: 6
Inventory: 3
MoM: +0.6%
Single Family
$2,950
Median DOM: 23
Inventory: 13
MoM: +0.6%
Townhouse
$1,890
Median DOM: 98
Inventory: 1
MoM: +0.6%
Apartment
Avg/Median Rent$1,729 / $1,719Range$1,319 – $2,299Rent per Sq Ft$2 / $2Sq Ft895 / 832DOM9 / 1New42Total90
Condo
Avg/Median Rent$1,883 / $1,800Range$1,750 – $2,100Rent per Sq Ft$2 / $2Sq Ft1,012 / 968DOM6 / 6New1Total3
Single Family
Avg/Median Rent$3,200 / $2,950Range$1,500 – $6,500Rent per Sq Ft$2 / $2Sq Ft1,763 / 1,311DOM26 / 23New2Total13
Townhouse
Avg/Median Rent$1,890 / $1,890Range$1,890 – $1,890Rent per Sq Ft—Sq Ft—DOM98 / 98New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$1,632Median:$1,482Range:$1,319 – $2,165PSF:$2 / $2Sq Ft:768 / 750DOM:13 / 1New:23Total:56
2 Beds
Avg:$1,969Median:$1,800Range:$1,590 – $3,500PSF:$2 / $2Sq Ft:1,079 / 1,031DOM:7 / 1New:20Total:43
3 Beds
Avg:$2,775Median:$2,600Range:$2,150 – $3,350PSF:$2 / $2Sq Ft:1,640 / 1,200DOM:28 / 35New:1Total:4
4 Beds
Avg:$4,386Median:$3,595Range:$2,950 – $6,500PSF:$2 / $2Sq Ft:2,915 / 2,034DOM:29 / 8New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,632 | $1,482 | $1,319 – $2,165 | $2 / $2 | 768 / 750 | 13 / 1 | 23 | 56 |
| 2 Beds | $1,969 | $1,800 | $1,590 – $3,500 | $2 / $2 | 1,079 / 1,031 | 7 / 1 | 20 | 43 |
| 3 Beds | $2,775 | $2,600 | $2,150 – $3,350 | $2 / $2 | 1,640 / 1,200 | 28 / 35 | 1 | 4 |
| 4 Beds | $4,386 | $3,595 | $2,950 – $6,500 | $2 / $2 | 2,915 / 2,034 | 29 / 8 | 1 | 4 |
6-Month Sales Trend
Oct 2025
Median Price:$450,000Median DOM:48New:32Total:136
Nov 2025
Median Price:$440,000Median DOM:51New:22Total:128
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:10Total:84
6-Month Rental Trend
Oct 2025
Median Rent:$1,795Median DOM:1New:84Total:112
Nov 2025
Median Rent:$1,757Median DOM:1New:88Total:120
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:$1,768Median DOM:1New:45Total:107
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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