ZIP 60586 Housing Market Report
Chicago Metro
Report period: August 2026
60586 Monthly Market Update – August 2026
ZIP 60586 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$409,000
+0.2%
Median DOM (Sales)
5
−16.7%
New Listings (Sales)
74
−32.7%
Median Rent
$3,030
+2.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
67
−10.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (1 DOM)
- Fastest renting: Multi-Family (1 DOM)
- Strongest bedroom: 5 Beds ($474,900 median)
Sales Market Overview
Median Price
$409,000
+0.2%
Median DOM
5
−16.7%
New Listings
74
−32.7%
Inventory
226
+3.2%
- Average Price: $441,664
- Median Price: $409,000
- Price Range: $249,900 – $2,000,000
- Price per Sq Ft (Avg/Median): $200 / $195
- Square Footage (Avg/Median): 2,280 / 2,096
- Square Footage Range: 914 – 7,800
- Days on Market (Avg/Median): 17 / 5
- Days on Market Range: 1 – 157
- New Listings: 74
- Total Listings: 226
Sales by Property Type
Condo
Avg/Median Price$278,340 / $284,900Range$249,900 – $315,000Price per Sq Ft$187 / $186Sq Ft1,499 / 1,416DOM23 / 21New0Total5
Land
Avg/Median Price$250,000 / $250,000Range$250,000 – $250,000Price per Sq Ft—Sq Ft—DOM1 / 1New1Total1
Single Family
Avg/Median Price$461,679 / $419,900Range$250,000 – $2,000,000Price per Sq Ft$201 / $197Sq Ft2,374 / 2,194DOM16 / 5New69Total198
Townhouse
Avg/Median Price$307,358 / $299,999Range$250,000 – $425,000Price per Sq Ft$195 / $188Sq Ft1,607 / 1,578DOM17 / 6New4Total22
Sales by Bedroom Count
2 Beds
Avg:$306,132Median:$289,000Range:$249,900 – $409,000PSF:$209 / $197Sq Ft:1,507 / 1,484DOM:15 / 7New:6Total:25
3 Beds
Avg:$395,587Median:$380,000Range:$276,000 – $895,000PSF:$212 / $211Sq Ft:1,950 / 1,842DOM:12 / 3New:23Total:80
4 Beds
Avg:$489,445Median:$455,000Range:$330,000 – $1,690,000PSF:$192 / $187Sq Ft:2,575 / 2,432DOM:19 / 6New:39Total:105
5 Beds
Avg:$591,607Median:$474,900Range:$375,000 – $2,000,000PSF:$174 / $159Sq Ft:3,268 / 3,032DOM:29 / 17New:5Total:15
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $306,132 | $289,000 | $249,900 – $409,000 | $209 / $197 | 1,507 / 1,484 | 15 / 7 | 6 | 25 |
| 3 Beds | $395,587 | $380,000 | $276,000 – $895,000 | $212 / $211 | 1,950 / 1,842 | 12 / 3 | 23 | 80 |
| 4 Beds | $489,445 | $455,000 | $330,000 – $1,690,000 | $192 / $187 | 2,575 / 2,432 | 19 / 6 | 39 | 105 |
| 5 Beds | $591,607 | $474,900 | $375,000 – $2,000,000 | $174 / $159 | 3,268 / 3,032 | 29 / 17 | 5 | 15 |
Rental Market Overview
Median Rent
$3,030
+2.2%
Median DOM
1
0.0%
New Listings
26
Inventory
67
−10.7%
- Average Rent: $2,985
- Median Rent: $3,030
- Rent Range: $1,455 – $4,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,943 / 1,808
- Square Footage Range: 1,000 – 3,033
- Days on Market (Avg/Median): 19 / 1
- Days on Market Range: 1 – 180
- New Listings: 26
- Total Listings: 67
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: +2.2%
Condo
—
Median DOM: —
Inventory: —
MoM: +2.2%
Single Family
$3,115
Median DOM: 1
Inventory: 52
MoM: +2.2%
Townhouse
$2,480
Median DOM: 1
Inventory: 10
MoM: +2.2%
Multi-Family
Avg/Median Rent$2,640 / $2,700Range$2,550 – $2,700Rent per Sq Ft$2 / $2Sq Ft1,583 / 1,540DOM4 / 1New2Total5
Single Family
Avg/Median Rent$3,107 / $3,115Range$1,455 – $4,000Rent per Sq Ft$2 / $2Sq Ft2,049 / 2,070DOM23 / 1New19Total52
Townhouse
Avg/Median Rent$2,520 / $2,480Range$1,999 – $3,100Rent per Sq Ft$2 / $2Sq Ft1,552 / 1,600DOM8 / 1New5Total10
Rentals by Bedroom Count
2 Beds
Avg:$2,375Median:$2,300Range:$1,999 – $2,850PSF:$2 / $2Sq Ft:1,390 / 1,470DOM:11 / 8New:4Total:10
3 Beds
Avg:$2,888Median:$2,950Range:$1,455 – $3,620PSF:$2 / $2Sq Ft:1,838 / 1,767DOM:21 / 1New:13Total:34
4 Beds
Avg:$3,393Median:$3,350Range:$2,745 – $4,000PSF:$2 / $1Sq Ft:2,305 / 2,262DOM:20 / 1New:9Total:23
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $2,375 | $2,300 | $1,999 – $2,850 | $2 / $2 | 1,390 / 1,470 | 11 / 8 | 4 | 10 |
| 3 Beds | $2,888 | $2,950 | $1,455 – $3,620 | $2 / $2 | 1,838 / 1,767 | 21 / 1 | 13 | 34 |
| 4 Beds | $3,393 | $3,350 | $2,745 – $4,000 | $2 / $1 | 2,305 / 2,262 | 20 / 1 | 9 | 23 |
6-Month Sales Trend
Mar 2026
Median Price:$401,990Median DOM:13New:66Total:158
Apr 2026
Median Price:$400,000Median DOM:10New:76Total:177
May 2026
Median Price:$400,000Median DOM:7New:81Total:181
Jun 2026
Median Price:$409,900Median DOM:6New:104Total:197
Jul 2026
Median Price:$408,000Median DOM:6New:110Total:219
Aug 2026
Median Price:$409,000Median DOM:5New:74Total:226
6-Month Rental Trend
Mar 2026
Median Rent:$2,895Median DOM:4New:35Total:48
Apr 2026
Median Rent:$2,800Median DOM:6New:36Total:61
May 2026
Median Rent:$2,879Median DOM:4New:34Total:75
Jun 2026
Median Rent:$3,000Median DOM:4New:36Total:72
Jul 2026
Median Rent:$2,965Median DOM:1New:37Total:75
Aug 2026
Median Rent:$3,030Median DOM:1New:26Total:67
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 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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