ZIP 60540 Housing Market Report
Chicago Metro
Report period: May 2026
60540 Monthly Market Update – May 2026
ZIP 60540 · Last updated May 13, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$650,000
0.0%
Median DOM (Sales)
13
−18.8%
New Listings (Sales)
26
−44.7%
Median Rent
$2,339
−2.5%
Median DOM (Rental)
1
0.0%
Total Rental Listings
158
+7.5%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (6 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($6,700,000 median)
Sales Market Overview
Median Price
$650,000
0.0%
Median DOM
13
−18.8%
New Listings
26
−44.7%
Inventory
116
+10.5%
- Average Price: $900,661
- Median Price: $650,000
- Price Range: $55,000 – $6,700,000
- Price per Sq Ft (Avg/Median): $321 / $292
- Square Footage (Avg/Median): 2,701 / 2,368
- Square Footage Range: 624 – 7,793
- Days on Market (Avg/Median): 28 / 13
- Days on Market Range: 2 – 226
- New Listings: 26
- Total Listings: 116
Sales by Property Type
Condo
Avg/Median Price$435,967 / $299,900Range$210,000 – $1,549,000Price per Sq Ft$302 / $305Sq Ft1,320 / 1,149DOM36 / 18New3Total9
Land
Avg/Median Price$502,000 / $55,000Range$55,000 – $949,000Price per Sq Ft—Sq Ft—DOM57 / 57New0Total2
Multi-Family
Avg/Median Price$572,450 / $475,000Range$475,000 – $669,900Price per Sq Ft—Sq Ft—DOM8 / 6New0Total2
Single Family
Avg/Median Price$1,054,493 / $750,000Range$416,990 – $6,700,000Price per Sq Ft$336 / $312Sq Ft3,019 / 2,604DOM27 / 12New20Total85
Townhouse
Avg/Median Price$487,344 / $470,000Range$329,900 – $908,900Price per Sq Ft$260 / $263Sq Ft1,891 / 1,713DOM27 / 18New3Total18
Sales by Bedroom Count
1 Beds
Avg:$334,933Median:$299,900Range:$275,000 – $429,900PSF:$450 / $337Sq Ft:786 / 845DOM:15 / 18New:1Total:3
2 Beds
Avg:$416,241Median:$419,990Range:$210,000 – $600,000PSF:$282 / $272Sq Ft:1,511 / 1,483DOM:36 / 24New:3Total:17
3 Beds
Avg:$575,036Median:$528,000Range:$275,000 – $1,289,000PSF:$289 / $280Sq Ft:1,998 / 1,908DOM:27 / 13New:5Total:29
4 Beds
Avg:$925,750Median:$779,000Range:$475,000 – $2,500,000PSF:$317 / $293Sq Ft:2,897 / 2,702DOM:26 / 8New:11Total:44
5 Beds
Avg:$1,566,660Median:$1,499,900Range:$650,000 – $2,675,000PSF:$356 / $313Sq Ft:4,371 / 4,346DOM:24 / 26New:4Total:15
6 Beds
Avg:$1,573,225Median:$1,375,000Range:$669,900 – $2,449,000PSF:$376 / $366Sq Ft:5,193 / 4,026DOM:13 / 6New:2Total:4
7 Beds
Avg:$6,700,000Median:$6,700,000Range:$6,700,000 – $6,700,000PSF:$930 / $930Sq Ft:7,207 / 7,207DOM:59 / 59New:0Total:1
8 Beds
Avg:$1,490,000Median:$1,490,000Range:$1,490,000 – $1,490,000PSF:$414 / $414Sq Ft:3,600 / 3,600DOM:29 / 29New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $334,933 | $299,900 | $275,000 – $429,900 | $450 / $337 | 786 / 845 | 15 / 18 | 1 | 3 |
| 2 Beds | $416,241 | $419,990 | $210,000 – $600,000 | $282 / $272 | 1,511 / 1,483 | 36 / 24 | 3 | 17 |
| 3 Beds | $575,036 | $528,000 | $275,000 – $1,289,000 | $289 / $280 | 1,998 / 1,908 | 27 / 13 | 5 | 29 |
| 4 Beds | $925,750 | $779,000 | $475,000 – $2,500,000 | $317 / $293 | 2,897 / 2,702 | 26 / 8 | 11 | 44 |
| 5 Beds | $1,566,660 | $1,499,900 | $650,000 – $2,675,000 | $356 / $313 | 4,371 / 4,346 | 24 / 26 | 4 | 15 |
| 6 Beds | $1,573,225 | $1,375,000 | $669,900 – $2,449,000 | $376 / $366 | 5,193 / 4,026 | 13 / 6 | 2 | 4 |
| 7 Beds | $6,700,000 | $6,700,000 | $6,700,000 – $6,700,000 | $930 / $930 | 7,207 / 7,207 | 59 / 59 | 0 | 1 |
| 8 Beds | $1,490,000 | $1,490,000 | $1,490,000 – $1,490,000 | $414 / $414 | 3,600 / 3,600 | 29 / 29 | 0 | 1 |
Rental Market Overview
Median Rent
$2,339
−2.5%
Median DOM
1
0.0%
New Listings
67
Inventory
158
+7.5%
- Average Rent: $2,538
- Median Rent: $2,339
- Rent Range: $1,350 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,220 / 1,113
- Square Footage Range: 450 – 4,139
- Days on Market (Avg/Median): 15 / 1
- Days on Market Range: 1 – 362
- New Listings: 67
- Total Listings: 158
Rentals by Property Type
Apartment
$2,289
Median DOM: 1
Inventory: 113
MoM: −2.5%
Condo
$2,100
Median DOM: 22
Inventory: 9
MoM: −2.5%
Single Family
$3,200
Median DOM: 16
Inventory: 26
MoM: −2.5%
Townhouse
$2,950
Median DOM: 15
Inventory: 8
MoM: −2.5%
Apartment
Avg/Median Rent$2,310 / $2,289Range$1,395 – $3,210Rent per Sq Ft$2 / $2Sq Ft999 / 1,050DOM9 / 1New58Total113
Condo
Avg/Median Rent$2,566 / $2,100Range$1,695 – $6,500Rent per Sq Ft$2 / $2Sq Ft1,263 / 992DOM30 / 22New2Total9
Multi-Family
Avg/Median Rent$2,900 / $2,000Range$2,000 – $3,800Rent per Sq Ft$2 / $2Sq Ft1,425 / 1,200DOM16 / 12New0Total2
Single Family
Avg/Median Rent$3,317 / $3,200Range$1,350 – $6,500Rent per Sq Ft$2 / $2Sq Ft1,979 / 1,790DOM33 / 16New6Total26
Townhouse
Avg/Median Rent$3,106 / $2,950Range$2,200 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,776 / 1,679DOM22 / 15New1Total8
Rentals by Bedroom Count
Studio
Avg:$1,500Median:$1,500Range:$1,500 – $1,500PSF:$3 / $3Sq Ft:450 / 450DOM:8 / 8New:1Total:1
1 Beds
Avg:$1,862Median:$1,873Range:$1,350 – $2,700PSF:$2 / $3Sq Ft:753 / 725DOM:9 / 1New:22Total:41
2 Beds
Avg:$2,510Median:$2,411Range:$1,695 – $3,700PSF:$2 / $2Sq Ft:1,160 / 1,140DOM:14 / 1New:38Total:89
3 Beds
Avg:$3,458Median:$3,200Range:$2,502 – $6,500PSF:$2 / $2Sq Ft:1,839 / 1,790DOM:28 / 17New:5Total:21
4 Beds
Avg:$4,440Median:$3,700Range:$3,500 – $6,500PSF:$1 / $1Sq Ft:3,306 / 3,628DOM:35 / 16New:1Total:5
5 Beds
Avg:$4,950Median:$4,950Range:$4,950 – $4,950PSF:$2 / $2Sq Ft:3,055 / 3,055DOM:16 / 16New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,500 | $1,500 | $1,500 – $1,500 | $3 / $3 | 450 / 450 | 8 / 8 | 1 | 1 |
| 1 Beds | $1,862 | $1,873 | $1,350 – $2,700 | $2 / $3 | 753 / 725 | 9 / 1 | 22 | 41 |
| 2 Beds | $2,510 | $2,411 | $1,695 – $3,700 | $2 / $2 | 1,160 / 1,140 | 14 / 1 | 38 | 89 |
| 3 Beds | $3,458 | $3,200 | $2,502 – $6,500 | $2 / $2 | 1,839 / 1,790 | 28 / 17 | 5 | 21 |
| 4 Beds | $4,440 | $3,700 | $3,500 – $6,500 | $1 / $1 | 3,306 / 3,628 | 35 / 16 | 1 | 5 |
| 5 Beds | $4,950 | $4,950 | $4,950 – $4,950 | $2 / $2 | 3,055 / 3,055 | 16 / 16 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$674,000Median DOM:48New:16Total:121
Jan 2026
Median Price:$675,000Median DOM:44New:24Total:104
Feb 2026
Median Price:$699,000Median DOM:15New:40Total:87
Mar 2026
Median Price:$729,900Median DOM:15New:35Total:97
Apr 2026
Median Price:$650,000Median DOM:16New:47Total:105
May 2026
Median Price:$650,000Median DOM:13New:26Total:116
6-Month Rental Trend
Dec 2025
Median Rent:$2,251Median DOM:1New:96Total:180
Jan 2026
Median Rent:$2,256Median DOM:1New:93Total:154
Feb 2026
Median Rent:$2,289Median DOM:1New:81Total:150
Mar 2026
Median Rent:$2,316Median DOM:1New:86Total:151
Apr 2026
Median Rent:$2,400Median DOM:1New:96Total:147
May 2026
Median Rent:$2,339Median DOM:1New:67Total:158
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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