ZIP 60540 Housing Market Report
Chicago Metro
Report period: August 2026
60540 Monthly Market Update – August 2026
ZIP 60540 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$695,000
+0.7%
Median DOM (Sales)
5
0.0%
New Listings (Sales)
57
−40.0%
Median Rent
$2,200
−2.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
182
−5.2%
Month-over-Month Movement
Median sale prices moved higher. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (1 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($5,500,000 median)
Sales Market Overview
Median Price
$695,000
+0.7%
Median DOM
5
0.0%
New Listings
57
−40.0%
Inventory
180
−5.3%
- Average Price: $953,993
- Median Price: $695,000
- Price Range: $55,000 – $5,500,000
- Price per Sq Ft (Avg/Median): $324 / $294
- Square Footage (Avg/Median): 2,814 / 2,578
- Square Footage Range: 624 – 9,967
- Days on Market (Avg/Median): 19 / 5
- Days on Market Range: 1 – 238
- New Listings: 57
- Total Listings: 180
Sales by Property Type
Condo
Avg/Median Price$570,708 / $395,000Range$205,000 – $1,890,000Price per Sq Ft$309 / $320Sq Ft1,641 / 1,192DOM41 / 7New4Total13
Land
Avg/Median Price$55,000 / $55,000Range$55,000 – $55,000Price per Sq Ft—Sq Ft—DOM—New0Total1
Multi-Family
Avg/Median Price$832,498 / $675,000Range$475,000 – $1,390,000Price per Sq Ft$434 / $434Sq Ft3,200 / 3,200DOM5 / 1New3Total4
Single Family
Avg/Median Price$1,032,038 / $725,000Range$425,000 – $5,500,000Price per Sq Ft$325 / $294Sq Ft3,065 / 2,709DOM18 / 5New39Total135
Townhouse
Avg/Median Price$799,604 / $450,000Range$299,900 – $3,950,000Price per Sq Ft$324 / $263Sq Ft2,121 / 1,900DOM15 / 4New11Total27
Sales by Bedroom Count
1 Beds
Avg:$371,200Median:$312,500Range:$312,500 – $429,900PSF:$515 / $342Sq Ft:770 / 624DOM:50 / 43New:0Total:2
2 Beds
Avg:$399,996Median:$415,000Range:$205,000 – $649,000PSF:$275 / $252Sq Ft:1,474 / 1,326DOM:13 / 1New:10Total:26
3 Beds
Avg:$726,218Median:$585,000Range:$270,000 – $3,950,000PSF:$316 / $289Sq Ft:2,183 / 2,034DOM:23 / 5New:8Total:44
4 Beds
Avg:$1,104,518Median:$849,000Range:$475,000 – $3,400,000PSF:$333 / $291Sq Ft:3,225 / 2,886DOM:19 / 5New:28Total:80
5 Beds
Avg:$1,266,348Median:$979,000Range:$499,500 – $3,300,000PSF:$318 / $313Sq Ft:3,848 / 3,130DOM:9 / 1New:10Total:21
6 Beds
Avg:$1,658,250Median:$1,390,000Range:$1,295,000 – $2,349,000PSF:$369 / $345Sq Ft:4,694 / 3,759DOM:44 / 15New:0Total:4
7 Beds
Avg:$5,500,000Median:$5,500,000Range:$5,500,000 – $5,500,000PSF:$763 / $763Sq Ft:7,207 / 7,207DOM:1 / 1New:1Total:1
8 Beds
Avg:$1,480,000Median:$1,480,000Range:$1,480,000 – $1,480,000PSF:$411 / $411Sq Ft:3,600 / 3,600DOM:90 / 90New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $371,200 | $312,500 | $312,500 – $429,900 | $515 / $342 | 770 / 624 | 50 / 43 | 0 | 2 |
| 2 Beds | $399,996 | $415,000 | $205,000 – $649,000 | $275 / $252 | 1,474 / 1,326 | 13 / 1 | 10 | 26 |
| 3 Beds | $726,218 | $585,000 | $270,000 – $3,950,000 | $316 / $289 | 2,183 / 2,034 | 23 / 5 | 8 | 44 |
| 4 Beds | $1,104,518 | $849,000 | $475,000 – $3,400,000 | $333 / $291 | 3,225 / 2,886 | 19 / 5 | 28 | 80 |
| 5 Beds | $1,266,348 | $979,000 | $499,500 – $3,300,000 | $318 / $313 | 3,848 / 3,130 | 9 / 1 | 10 | 21 |
| 6 Beds | $1,658,250 | $1,390,000 | $1,295,000 – $2,349,000 | $369 / $345 | 4,694 / 3,759 | 44 / 15 | 0 | 4 |
| 7 Beds | $5,500,000 | $5,500,000 | $5,500,000 – $5,500,000 | $763 / $763 | 7,207 / 7,207 | 1 / 1 | 1 | 1 |
| 8 Beds | $1,480,000 | $1,480,000 | $1,480,000 – $1,480,000 | $411 / $411 | 3,600 / 3,600 | 90 / 90 | 0 | 1 |
Rental Market Overview
Median Rent
$2,200
−2.2%
Median DOM
1
0.0%
New Listings
85
Inventory
182
−5.2%
- Average Rent: $2,487
- Median Rent: $2,200
- Rent Range: $800 – $7,895
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,172 / 1,050
- Square Footage Range: 597 – 3,981
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 245
- New Listings: 85
- Total Listings: 182
Rentals by Property Type
Apartment
$2,089
Median DOM: 1
Inventory: 125
MoM: −2.2%
Condo
$2,200
Median DOM: 1
Inventory: 11
MoM: −2.2%
Single Family
$3,695
Median DOM: 1
Inventory: 35
MoM: −2.2%
Townhouse
$2,800
Median DOM: 16
Inventory: 10
MoM: −2.2%
Apartment
Avg/Median Rent$2,178 / $2,089Range$1,350 – $3,250Rent per Sq Ft$2 / $2Sq Ft938 / 980DOM3 / 1New72Total125
Condo
Avg/Median Rent$2,586 / $2,200Range$1,695 – $4,250Rent per Sq Ft$2 / $2Sq Ft1,149 / 993DOM24 / 1New3Total11
Multi-Family
Avg/Median Rent$3,100 / $3,100Range$3,100 – $3,100Rent per Sq Ft$2 / $2Sq Ft1,778 / 1,778DOM1 / 1New0Total1
Single Family
Avg/Median Rent$3,445 / $3,695Range$800 – $7,895Rent per Sq Ft$2 / $2Sq Ft1,952 / 1,942DOM12 / 1New9Total35
Townhouse
Avg/Median Rent$2,829 / $2,800Range$2,350 – $3,595Rent per Sq Ft$2 / $2Sq Ft1,697 / 1,360DOM19 / 16New1Total10
Rentals by Bedroom Count
1 Beds
Avg:$1,854Median:$1,799Range:$850 – $2,625PSF:$3 / $2Sq Ft:746 / 725DOM:6 / 1New:29Total:62
2 Beds
Avg:$2,410Median:$2,301Range:$800 – $3,400PSF:$2 / $2Sq Ft:1,140 / 1,100DOM:6 / 1New:48Total:88
3 Beds
Avg:$3,781Median:$3,595Range:$2,888 – $7,895PSF:$2 / $2Sq Ft:1,831 / 1,858DOM:10 / 1New:2Total:20
4 Beds
Avg:$4,162Median:$3,850Range:$3,450 – $7,000PSF:$2 / $2Sq Ft:2,570 / 2,483DOM:13 / 1New:6Total:11
5 Beds
Avg:$4,200Median:$4,200Range:$4,200 – $4,200PSF:$2 / $2Sq Ft:2,338 / 2,338DOM:24 / 24New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,854 | $1,799 | $850 – $2,625 | $3 / $2 | 746 / 725 | 6 / 1 | 29 | 62 |
| 2 Beds | $2,410 | $2,301 | $800 – $3,400 | $2 / $2 | 1,140 / 1,100 | 6 / 1 | 48 | 88 |
| 3 Beds | $3,781 | $3,595 | $2,888 – $7,895 | $2 / $2 | 1,831 / 1,858 | 10 / 1 | 2 | 20 |
| 4 Beds | $4,162 | $3,850 | $3,450 – $7,000 | $2 / $2 | 2,570 / 2,483 | 13 / 1 | 6 | 11 |
| 5 Beds | $4,200 | $4,200 | $4,200 – $4,200 | $2 / $2 | 2,338 / 2,338 | 24 / 24 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$729,900Median DOM:15New:35Total:97
Apr 2026
Median Price:$650,000Median DOM:16New:47Total:105
May 2026
Median Price:$665,000Median DOM:10New:73Total:142
Jun 2026
Median Price:$654,700Median DOM:7New:97Total:176
Jul 2026
Median Price:$690,000Median DOM:5New:95Total:190
Aug 2026
Median Price:$695,000Median DOM:5New:57Total:180
6-Month Rental Trend
Mar 2026
Median Rent:$2,316Median DOM:1New:86Total:151
Apr 2026
Median Rent:$2,400Median DOM:1New:96Total:147
May 2026
Median Rent:$2,350Median DOM:1New:103Total:177
Jun 2026
Median Rent:$2,265Median DOM:1New:119Total:176
Jul 2026
Median Rent:$2,249Median DOM:1New:126Total:192
Aug 2026
Median Rent:$2,200Median DOM:1New:85Total:182
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing eased, 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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