ZIP 60602 Housing Market Report
Chicago Metro
Report period: August 2026
60602 Monthly Market Update – August 2026
ZIP 60602 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$295,000
−20.1%
Median DOM (Sales)
32
−5.9%
New Listings (Sales)
3
−40.0%
Median Rent
$1,664
+4.7%
Median DOM (Rental)
23
−11.5%
Total Rental Listings
99
−1.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Condo (29 DOM)
- Fastest renting: Single Family (16 DOM)
- Strongest bedroom: 3 Beds ($875,000 median)
Sales Market Overview
Median Price
$295,000
−20.1%
Median DOM
32
−5.9%
New Listings
3
−40.0%
Inventory
24
+4.3%
- Average Price: $374,246
- Median Price: $295,000
- Price Range: $25,000 – $1,099,000
- Price per Sq Ft (Avg/Median): $396 / $372
- Square Footage (Avg/Median): 1,351 / 1,336
- Square Footage Range: 670 – 2,157
- Days on Market (Avg/Median): 59 / 32
- Days on Market Range: 1 – 274
- New Listings: 3
- Total Listings: 24
Sales by Property Type
Condo
Avg/Median Price$540,588 / $445,000Range$234,500 – $1,099,000Price per Sq Ft$396 / $372Sq Ft1,351 / 1,336DOM46 / 29New3Total16
Land
Avg/Median Price$41,562 / $36,000Range$25,000 – $65,000Price per Sq Ft—Sq Ft—DOM128 / 100New0Total8
Sales by Bedroom Count
1 Beds
Avg:$300,583Median:$275,000Range:$234,500 – $385,000PSF:$338 / $328Sq Ft:905 / 900DOM:11 / 1New:2Total:6
2 Beds
Avg:$565,580Median:$510,000Range:$398,000 – $899,900PSF:$409 / $378Sq Ft:1,357 / 1,336DOM:59 / 49New:1Total:5
3 Beds
Avg:$803,600Median:$875,000Range:$445,000 – $1,099,000PSF:$440 / $450Sq Ft:1,792 / 1,800DOM:77 / 88New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $300,583 | $275,000 | $234,500 – $385,000 | $338 / $328 | 905 / 900 | 11 / 1 | 2 | 6 |
| 2 Beds | $565,580 | $510,000 | $398,000 – $899,900 | $409 / $378 | 1,357 / 1,336 | 59 / 49 | 1 | 5 |
| 3 Beds | $803,600 | $875,000 | $445,000 – $1,099,000 | $440 / $450 | 1,792 / 1,800 | 77 / 88 | 0 | 5 |
Rental Market Overview
Median Rent
$1,664
+4.7%
Median DOM
23
−11.5%
New Listings
15
Inventory
99
−1.0%
- Average Rent: $1,899
- Median Rent: $1,664
- Rent Range: $1,498 – $4,099
- Rent per Sq Ft (Avg/Median): $5 / $5
- Square Footage (Avg/Median): 418 / 313
- Square Footage Range: 281 – 1,700
- Days on Market (Avg/Median): 32 / 23
- Days on Market Range: 1 – 218
- New Listings: 15
- Total Listings: 99
Rentals by Property Type
Apartment
$1,648
Median DOM: 23
Inventory: 89
MoM: +4.7%
Condo
$2,875
Median DOM: 37
Inventory: 9
MoM: +4.7%
Single Family
$2,335
Median DOM: 16
Inventory: 1
MoM: +4.7%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +4.7%
Apartment
Avg/Median Rent$1,765 / $1,648Range$1,498 – $4,039Rent per Sq Ft$5 / $5Sq Ft363 / 312DOM29 / 23New15Total89
Condo
Avg/Median Rent$3,173 / $2,875Range$2,350 – $4,099Rent per Sq Ft$3 / $3Sq Ft1,118 / 900DOM62 / 37New0Total9
Single Family
Avg/Median Rent$2,335 / $2,335Range$2,335 – $2,335Rent per Sq Ft$3 / $3Sq Ft800 / 800DOM16 / 16New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,657Median:$1,614Range:$1,498 – $2,350PSF:$5 / $5Sq Ft:310 / 312DOM:27 / 17New:14Total:74
1 Beds
Avg:$2,342Median:$2,207Range:$1,965 – $3,600PSF:$4 / $4Sq Ft:610 / 511DOM:44 / 41New:1Total:20
2 Beds
Avg:$3,728Median:$3,900Range:$2,875 – $4,099PSF:$3 / $3Sq Ft:1,207 / 1,221DOM:55 / 37New:0Total:4
3 Beds
Avg:$3,600Median:$3,600Range:$3,600 – $3,600PSF:$2 / $2Sq Ft:1,700 / 1,700DOM:15 / 15New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,657 | $1,614 | $1,498 – $2,350 | $5 / $5 | 310 / 312 | 27 / 17 | 14 | 74 |
| 1 Beds | $2,342 | $2,207 | $1,965 – $3,600 | $4 / $4 | 610 / 511 | 44 / 41 | 1 | 20 |
| 2 Beds | $3,728 | $3,900 | $2,875 – $4,099 | $3 / $3 | 1,207 / 1,221 | 55 / 37 | 0 | 4 |
| 3 Beds | $3,600 | $3,600 | $3,600 – $3,600 | $2 / $2 | 1,700 / 1,700 | 15 / 15 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$457,000Median DOM:39New:12Total:37
Apr 2026
Median Price:$457,000Median DOM:42New:7Total:37
May 2026
Median Price:$505,000Median DOM:45New:9Total:34
Jun 2026
Median Price:$445,000Median DOM:55New:5Total:27
Jul 2026
Median Price:$369,000Median DOM:34New:5Total:23
Aug 2026
Median Price:$295,000Median DOM:32New:3Total:24
6-Month Rental Trend
Mar 2026
Median Rent:$1,575Median DOM:13New:23Total:36
Apr 2026
Median Rent:$1,540Median DOM:18New:37Total:72
May 2026
Median Rent:$1,551Median DOM:25New:25Total:88
Jun 2026
Median Rent:$1,556Median DOM:23New:53Total:114
Jul 2026
Median Rent:$1,589Median DOM:26New:18Total:100
Aug 2026
Median Rent:$1,664Median DOM:23New:15Total:99
Key Market Takeaways
Median sale prices softened 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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