ZIP 60563 Housing Market Report
Chicago Metro
Report period: August 2026
60563 Monthly Market Update – August 2026
ZIP 60563 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$533,500
+6.7%
Median DOM (Sales)
5
+25.0%
New Listings (Sales)
55
−37.5%
Median Rent
$2,066
+0.8%
Median DOM (Rental)
1
0.0%
Total Rental Listings
627
−9.4%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (1 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($1,119,900 median)
Sales Market Overview
Median Price
$533,500
+6.7%
Median DOM
5
+25.0%
New Listings
55
−37.5%
Inventory
166
−2.4%
- Average Price: $640,883
- Median Price: $533,500
- Price Range: $75,000 – $2,099,000
- Price per Sq Ft (Avg/Median): $293 / $272
- Square Footage (Avg/Median): 2,114 / 1,992
- Square Footage Range: 675 – 5,047
- Days on Market (Avg/Median): 23 / 5
- Days on Market Range: 1 – 314
- New Listings: 55
- Total Listings: 166
Sales by Property Type
Condo
Avg/Median Price$246,306 / $234,500Range$169,900 – $450,000Price per Sq Ft$233 / $227Sq Ft1,069 / 1,036DOM18 / 3New8Total34
Land
Avg/Median Price$382,857 / $275,000Range$75,000 – $995,000Price per Sq Ft—Sq Ft—DOM52 / 1New5Total7
Multi-Family
Avg/Median Price$795,000 / $795,000Range$795,000 – $795,000Price per Sq Ft—Sq Ft—DOM1 / 1New0Total1
Single Family
Avg/Median Price$878,065 / $700,000Range$319,900 – $2,099,000Price per Sq Ft$330 / $309Sq Ft2,613 / 2,483DOM23 / 1New23Total73
Townhouse
Avg/Median Price$596,831 / $509,500Range$295,000 – $1,449,990Price per Sq Ft$281 / $265Sq Ft2,096 / 2,000DOM23 / 7New19Total51
Sales by Bedroom Count
1 Beds
Avg:$185,433Median:$179,500Range:$169,900 – $225,000PSF:$239 / $230Sq Ft:786 / 760DOM:13 / 3New:3Total:9
2 Beds
Avg:$332,285Median:$300,000Range:$200,000 – $719,000PSF:$238 / $235Sq Ft:1,442 / 1,285DOM:23 / 6New:8Total:41
3 Beds
Avg:$615,302Median:$550,000Range:$259,900 – $1,449,990PSF:$303 / $280Sq Ft:2,012 / 1,976DOM:22 / 6New:21Total:60
4 Beds
Avg:$998,124Median:$759,767Range:$375,000 – $2,099,000PSF:$331 / $298Sq Ft:2,971 / 2,736DOM:25 / 1New:14Total:40
5 Beds
Avg:$1,285,656Median:$1,119,900Range:$769,000 – $1,995,000PSF:$369 / $381Sq Ft:3,463 / 3,360DOM:9 / 1New:4Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $185,433 | $179,500 | $169,900 – $225,000 | $239 / $230 | 786 / 760 | 13 / 3 | 3 | 9 |
| 2 Beds | $332,285 | $300,000 | $200,000 – $719,000 | $238 / $235 | 1,442 / 1,285 | 23 / 6 | 8 | 41 |
| 3 Beds | $615,302 | $550,000 | $259,900 – $1,449,990 | $303 / $280 | 2,012 / 1,976 | 22 / 6 | 21 | 60 |
| 4 Beds | $998,124 | $759,767 | $375,000 – $2,099,000 | $331 / $298 | 2,971 / 2,736 | 25 / 1 | 14 | 40 |
| 5 Beds | $1,285,656 | $1,119,900 | $769,000 – $1,995,000 | $369 / $381 | 3,463 / 3,360 | 9 / 1 | 4 | 9 |
Rental Market Overview
Median Rent
$2,066
+0.8%
Median DOM
1
0.0%
New Listings
324
Inventory
627
−9.4%
- Average Rent: $2,191
- Median Rent: $2,066
- Rent Range: $1,000 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 986 / 888
- Square Footage Range: 433 – 3,800
- Days on Market (Avg/Median): 6 / 1
- Days on Market Range: 1 – 343
- New Listings: 324
- Total Listings: 627
Rentals by Property Type
Apartment
$1,995
Median DOM: 1
Inventory: 525
MoM: +0.8%
Condo
$2,350
Median DOM: 13
Inventory: 24
MoM: +0.8%
Single Family
$2,500
Median DOM: 1
Inventory: 50
MoM: +0.8%
Townhouse
$2,800
Median DOM: 10
Inventory: 26
MoM: +0.8%
Apartment
Avg/Median Rent$2,092 / $1,995Range$1,295 – $4,091Rent per Sq Ft$2 / $2Sq Ft888 / 845DOM4 / 1New284Total525
Condo
Avg/Median Rent$2,316 / $2,350Range$1,525 – $3,300Rent per Sq Ft$2 / $2Sq Ft1,289 / 1,197DOM20 / 13New5Total24
Multi-Family
Avg/Median Rent$3,372 / $2,895Range$2,895 – $3,850Rent per Sq Ft$2 / $2Sq Ft1,826 / 1,500DOM6 / 1New2Total2
Single Family
Avg/Median Rent$2,841 / $2,500Range$1,450 – $6,500Rent per Sq Ft$2 / $2Sq Ft1,550 / 1,200DOM14 / 1New24Total50
Townhouse
Avg/Median Rent$2,735 / $2,800Range$1,000 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,572 / 1,546DOM17 / 10New9Total26
Rentals by Bedroom Count
Studio
Avg:$1,753Median:$1,729Range:$1,295 – $2,225PSF:$3 / $3Sq Ft:558 / 540DOM:1 / 1New:14Total:32
1 Beds
Avg:$1,891Median:$1,862Range:$1,000 – $2,449PSF:$3 / $3Sq Ft:756 / 765DOM:6 / 1New:138Total:263
2 Beds
Avg:$2,319Median:$2,327Range:$1,750 – $4,091PSF:$2 / $2Sq Ft:1,094 / 1,091DOM:5 / 1New:150Total:282
3 Beds
Avg:$3,214Median:$3,050Range:$2,400 – $6,500PSF:$2 / $2Sq Ft:1,766 / 1,570DOM:11 / 2New:20Total:41
4 Beds
Avg:$3,828Median:$4,000Range:$3,000 – $4,500PSF:$2 / $2Sq Ft:2,374 / 2,400DOM:29 / 18New:2Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,753 | $1,729 | $1,295 – $2,225 | $3 / $3 | 558 / 540 | 1 / 1 | 14 | 32 |
| 1 Beds | $1,891 | $1,862 | $1,000 – $2,449 | $3 / $3 | 756 / 765 | 6 / 1 | 138 | 263 |
| 2 Beds | $2,319 | $2,327 | $1,750 – $4,091 | $2 / $2 | 1,094 / 1,091 | 5 / 1 | 150 | 282 |
| 3 Beds | $3,214 | $3,050 | $2,400 – $6,500 | $2 / $2 | 1,766 / 1,570 | 11 / 2 | 20 | 41 |
| 4 Beds | $3,828 | $4,000 | $3,000 – $4,500 | $2 / $2 | 2,374 / 2,400 | 29 / 18 | 2 | 9 |
6-Month Sales Trend
Mar 2026
Median Price:$460,000Median DOM:19New:54Total:131
Apr 2026
Median Price:$574,900Median DOM:16New:60Total:149
May 2026
Median Price:$545,000Median DOM:9New:72Total:160
Jun 2026
Median Price:$549,856Median DOM:7New:99Total:177
Jul 2026
Median Price:$500,000Median DOM:4New:88Total:170
Aug 2026
Median Price:$533,500Median DOM:5New:55Total:166
6-Month Rental Trend
Mar 2026
Median Rent:$2,042Median DOM:1New:422Total:568
Apr 2026
Median Rent:$2,078Median DOM:1New:511Total:696
May 2026
Median Rent:$2,065Median DOM:1New:462Total:711
Jun 2026
Median Rent:$2,087Median DOM:1New:493Total:714
Jul 2026
Median Rent:$2,049Median DOM:1New:429Total:692
Aug 2026
Median Rent:$2,066Median DOM:1New:324Total:627
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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