ZIP 60602 Housing Market Report
Chicago Metro
Report period: May 2026
60602 Monthly Market Update – May 2026
ZIP 60602 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$505,000
+10.5%
Median DOM (Sales)
40
−4.8%
New Listings (Sales)
3
−57.1%
Median Rent
$1,540
0.0%
Median DOM (Rental)
21
+16.7%
Total Rental Listings
85
+18.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (30 DOM)
- Fastest renting: Single Family (8 DOM)
- Strongest bedroom: 4 Beds ($1,575,000 median)
Sales Market Overview
Median Price
$505,000
+10.5%
Median DOM
40
−4.8%
New Listings
3
−57.1%
Inventory
38
+2.7%
- Average Price: $499,432
- Median Price: $505,000
- Price Range: $25,000 – $1,575,000
- Price per Sq Ft (Avg/Median): $433 / $423
- Square Footage (Avg/Median): 1,493 / 1,616
- Square Footage Range: 500 – 2,450
- Days on Market (Avg/Median): 85 / 40
- Days on Market Range: 2 – 352
- New Listings: 3
- Total Listings: 38
Sales by Property Type
Condo
Avg/Median Price$663,996 / $649,000Range$220,000 – $1,575,000Price per Sq Ft$433 / $423Sq Ft1,493 / 1,616DOM58 / 30New2Total28
Land
Avg/Median Price$38,650 / $33,000Range$25,000 – $65,000Price per Sq Ft—Sq Ft—DOM208 / 183New1Total10
Sales by Bedroom Count
1 Beds
Avg:$281,986Median:$289,900Range:$220,000 – $369,000PSF:$347 / $321Sq Ft:831 / 770DOM:71 / 54New:0Total:7
2 Beds
Avg:$636,600Median:$574,999Range:$289,000 – $979,000PSF:$425 / $418Sq Ft:1,469 / 1,392DOM:39 / 13New:1Total:10
3 Beds
Avg:$867,700Median:$740,000Range:$525,000 – $1,225,000PSF:$471 / $439Sq Ft:1,820 / 1,774DOM:61 / 30New:1Total:10
4 Beds
Avg:$1,575,000Median:$1,575,000Range:$1,575,000 – $1,575,000PSF:$643 / $643Sq Ft:2,450 / 2,450DOM:147 / 147New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $281,986 | $289,900 | $220,000 – $369,000 | $347 / $321 | 831 / 770 | 71 / 54 | 0 | 7 |
| 2 Beds | $636,600 | $574,999 | $289,000 – $979,000 | $425 / $418 | 1,469 / 1,392 | 39 / 13 | 1 | 10 |
| 3 Beds | $867,700 | $740,000 | $525,000 – $1,225,000 | $471 / $439 | 1,820 / 1,774 | 61 / 30 | 1 | 10 |
| 4 Beds | $1,575,000 | $1,575,000 | $1,575,000 – $1,575,000 | $643 / $643 | 2,450 / 2,450 | 147 / 147 | 0 | 1 |
Rental Market Overview
Median Rent
$1,540
0.0%
Median DOM
21
+16.7%
New Listings
11
Inventory
85
+18.1%
- Average Rent: $1,754
- Median Rent: $1,540
- Rent Range: $1,411 – $5,250
- Rent per Sq Ft (Avg/Median): $5 / $5
- Square Footage (Avg/Median): 391 / 309
- Square Footage Range: 281 – 1,653
- Days on Market (Avg/Median): 25 / 21
- Days on Market Range: 2 – 203
- New Listings: 11
- Total Listings: 85
Rentals by Property Type
Apartment
$1,525
Median DOM: 21
Inventory: 75
MoM: 0.0%
Condo
$2,500
Median DOM: 16
Inventory: 9
MoM: 0.0%
Single Family
$5,250
Median DOM: 8
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,597 / $1,525Range$1,411 – $2,350Rent per Sq Ft$5 / $5Sq Ft333 / 300DOM22 / 21New9Total75
Condo
Avg/Median Rent$2,674 / $2,500Range$2,100 – $3,850Rent per Sq Ft$3 / $3Sq Ft985 / 900DOM52 / 16New2Total9
Single Family
Avg/Median Rent$5,250 / $5,250Range$5,250 – $5,250Rent per Sq Ft$3 / $3Sq Ft1,653 / 1,653DOM8 / 8New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,528Median:$1,522Range:$1,411 – $2,220PSF:$5 / $5Sq Ft:304 / 295DOM:23 / 21New:9Total:65
1 Beds
Avg:$2,152Median:$2,032Range:$1,915 – $2,800PSF:$4 / $4Sq Ft:570 / 500DOM:35 / 22New:1Total:16
2 Beds
Avg:$3,342Median:$3,600Range:$2,575 – $3,850PSF:$3 / $2Sq Ft:1,200 / 1,200DOM:12 / 14New:1Total:3
3 Beds
Avg:$5,250Median:$5,250Range:$5,250 – $5,250PSF:$3 / $3Sq Ft:1,653 / 1,653DOM:8 / 8New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,528 | $1,522 | $1,411 – $2,220 | $5 / $5 | 304 / 295 | 23 / 21 | 9 | 65 |
| 1 Beds | $2,152 | $2,032 | $1,915 – $2,800 | $4 / $4 | 570 / 500 | 35 / 22 | 1 | 16 |
| 2 Beds | $3,342 | $3,600 | $2,575 – $3,850 | $3 / $2 | 1,200 / 1,200 | 12 / 14 | 1 | 3 |
| 3 Beds | $5,250 | $5,250 | $5,250 – $5,250 | $3 / $3 | 1,653 / 1,653 | 8 / 8 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$329,000Median DOM:87New:1Total:33
Jan 2026
Median Price:$475,000Median DOM:80New:9Total:35
Feb 2026
Median Price:$457,000Median DOM:51New:4Total:32
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:40New:3Total:38
6-Month Rental Trend
Dec 2025
Median Rent:$2,600Median DOM:26New:2Total:14
Jan 2026
Median Rent:$3,100Median DOM:26New:2Total:11
Feb 2026
Median Rent:$2,058Median DOM:12New:8Total:17
Mar 2026
Median Rent:$1,575Median DOM:13New:23Total:36
Apr 2026
Median Rent:$1,540Median DOM:18New:37Total:72
May 2026
Median Rent:$1,540Median DOM:21New:11Total:85
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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