ZIP 60616 Housing Market Report
Chicago Metro
Report period: June 2026
60616 Monthly Market Update – June 2026
ZIP 60616 · Last updated Jun 13, 2026 · Data range Jan 2026 – Jun 2026
Executive Snapshot
Median Sale Price
$350,000
+2.9%
Median DOM (Sales)
20
−23.1%
New Listings (Sales)
35
−48.5%
Median Rent
$2,489
+0.2%
Median DOM (Rental)
21
−12.5%
Total Rental Listings
376
+1.6%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (10 DOM)
- Fastest renting: Condo (15 DOM)
- Strongest bedroom: 4 Beds ($899,000 median)
Sales Market Overview
Median Price
$350,000
+2.9%
Median DOM
20
−23.1%
New Listings
35
−48.5%
Inventory
221
−4.7%
- Average Price: $433,186
- Median Price: $350,000
- Price Range: $5,400 – $1,808,000
- Price per Sq Ft (Avg/Median): $291 / $305
- Square Footage (Avg/Median): 1,458 / 1,200
- Square Footage Range: 420 – 8,800
- Days on Market (Avg/Median): 50 / 20
- Days on Market Range: 1 – 341
- New Listings: 35
- Total Listings: 221
Sales by Property Type
Condo
Avg/Median Price$335,144 / $319,000Range$90,000 – $1,549,999Price per Sq Ft$290 / $303Sq Ft1,148 / 1,090DOM39 / 16New26Total152
Land
Avg/Median Price$432,530 / $175,000Range$5,400 – $1,500,000Price per Sq Ft—Sq Ft—DOM148 / 106New0Total20
Multi-Family
Avg/Median Price$682,821 / $599,900Range$398,000 – $1,400,000Price per Sq Ft—Sq Ft—DOM66 / 15New3Total14
Single Family
Avg/Median Price$816,392 / $749,900Range$389,900 – $1,808,000Price per Sq Ft$285 / $309Sq Ft3,090 / 3,000DOM74 / 12New2Total13
Townhouse
Avg/Median Price$725,859 / $579,000Range$359,800 – $1,499,000Price per Sq Ft$301 / $289Sq Ft2,356 / 2,288DOM24 / 10New4Total22
Sales by Bedroom Count
Studio
Avg:$124,688Median:$115,000Range:$90,000 – $185,500PSF:$248 / $250Sq Ft:514 / 460DOM:28 / 26New:2Total:8
1 Beds
Avg:$247,984Median:$259,900Range:$110,000 – $470,000PSF:$285 / $305Sq Ft:841 / 822DOM:37 / 16New:6Total:50
2 Beds
Avg:$363,647Median:$360,000Range:$131,900 – $1,000,000PSF:$295 / $320Sq Ft:1,240 / 1,228DOM:37 / 22New:15Total:69
3 Beds
Avg:$551,122Median:$510,000Range:$129,900 – $1,549,999PSF:$299 / $293Sq Ft:1,826 / 1,700DOM:37 / 13New:5Total:46
4 Beds
Avg:$910,720Median:$899,000Range:$439,900 – $1,499,000PSF:$316 / $322Sq Ft:2,913 / 3,000DOM:69 / 30New:4Total:14
5 Beds
Avg:$934,175Median:$648,800Range:$599,900 – $1,808,000PSF:$236 / $205Sq Ft:5,678 / 2,556DOM:44 / 54New:0Total:4
6 Beds
Avg:$726,200Median:$535,000Range:$389,900 – $1,400,000PSF:$121 / $121Sq Ft:3,230 / 3,230DOM:37 / 4New:1Total:4
7 Beds
Avg:$679,950Median:$559,900Range:$559,900 – $800,000PSF:—Sq Ft:—DOM:163 / 1New:1Total:2
8 Beds
Avg:$623,000Median:$560,000Range:$398,000 – $799,000PSF:—Sq Ft:—DOM:96 / 15New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $124,688 | $115,000 | $90,000 – $185,500 | $248 / $250 | 514 / 460 | 28 / 26 | 2 | 8 |
| 1 Beds | $247,984 | $259,900 | $110,000 – $470,000 | $285 / $305 | 841 / 822 | 37 / 16 | 6 | 50 |
| 2 Beds | $363,647 | $360,000 | $131,900 – $1,000,000 | $295 / $320 | 1,240 / 1,228 | 37 / 22 | 15 | 69 |
| 3 Beds | $551,122 | $510,000 | $129,900 – $1,549,999 | $299 / $293 | 1,826 / 1,700 | 37 / 13 | 5 | 46 |
| 4 Beds | $910,720 | $899,000 | $439,900 – $1,499,000 | $316 / $322 | 2,913 / 3,000 | 69 / 30 | 4 | 14 |
| 5 Beds | $934,175 | $648,800 | $599,900 – $1,808,000 | $236 / $205 | 5,678 / 2,556 | 44 / 54 | 0 | 4 |
| 6 Beds | $726,200 | $535,000 | $389,900 – $1,400,000 | $121 / $121 | 3,230 / 3,230 | 37 / 4 | 1 | 4 |
| 7 Beds | $679,950 | $559,900 | $559,900 – $800,000 | — | — | 163 / 1 | 1 | 2 |
| 8 Beds | $623,000 | $560,000 | $398,000 – $799,000 | — | — | 96 / 15 | 1 | 4 |
Rental Market Overview
Median Rent
$2,489
+0.2%
Median DOM
21
−12.5%
New Listings
33
Inventory
376
+1.6%
- Average Rent: $2,586
- Median Rent: $2,489
- Rent Range: $765 – $8,650
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 962 / 890
- Square Footage Range: 328 – 3,200
- Days on Market (Avg/Median): 45 / 21
- Days on Market Range: 2 – 361
- New Listings: 33
- Total Listings: 376
Rentals by Property Type
Apartment
$2,479
Median DOM: 29
Inventory: 276
MoM: +0.2%
Condo
$2,600
Median DOM: 15
Inventory: 75
MoM: +0.2%
Single Family
$2,400
Median DOM: 15
Inventory: 20
MoM: +0.2%
Townhouse
$4,100
Median DOM: 36
Inventory: 5
MoM: +0.2%
Apartment
Avg/Median Rent$2,539 / $2,479Range$765 – $8,650Rent per Sq Ft$3 / $3Sq Ft883 / 826DOM55 / 29New14Total276
Condo
Avg/Median Rent$2,642 / $2,600Range$850 – $7,200Rent per Sq Ft$2 / $3Sq Ft1,093 / 1,039DOM27 / 15New14Total75
Single Family
Avg/Median Rent$2,475 / $2,400Range$1,495 – $4,800Rent per Sq Ft$2 / $2Sq Ft1,181 / 1,148DOM24 / 15New4Total20
Townhouse
Avg/Median Rent$4,820 / $4,100Range$4,000 – $6,000Rent per Sq Ft$2 / $2Sq Ft2,509 / 2,500DOM27 / 36New1Total5
Rentals by Bedroom Count
Studio
Avg:$1,507Median:$1,600Range:$765 – $1,895PSF:$3 / $3Sq Ft:459 / 418DOM:73 / 30New:0Total:16
1 Beds
Avg:$2,239Median:$2,330Range:$1,215 – $4,000PSF:$3 / $3Sq Ft:707 / 697DOM:43 / 17New:12Total:151
2 Beds
Avg:$2,710Median:$2,899Range:$850 – $4,459PSF:$3 / $3Sq Ft:1,060 / 1,012DOM:42 / 21New:17Total:162
3 Beds
Avg:$3,418Median:$3,000Range:$1,450 – $7,400PSF:$2 / $2Sq Ft:1,616 / 1,500DOM:42 / 19New:3Total:40
4 Beds
Avg:$4,921Median:$4,000Range:$2,100 – $8,650PSF:$2 / $2Sq Ft:2,070 / 1,300DOM:84 / 45New:1Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,507 | $1,600 | $765 – $1,895 | $3 / $3 | 459 / 418 | 73 / 30 | 0 | 16 |
| 1 Beds | $2,239 | $2,330 | $1,215 – $4,000 | $3 / $3 | 707 / 697 | 43 / 17 | 12 | 151 |
| 2 Beds | $2,710 | $2,899 | $850 – $4,459 | $3 / $3 | 1,060 / 1,012 | 42 / 21 | 17 | 162 |
| 3 Beds | $3,418 | $3,000 | $1,450 – $7,400 | $2 / $2 | 1,616 / 1,500 | 42 / 19 | 3 | 40 |
| 4 Beds | $4,921 | $4,000 | $2,100 – $8,650 | $2 / $2 | 2,070 / 1,300 | 84 / 45 | 1 | 7 |
6-Month Sales Trend
Jan 2026
Median Price:$375,000Median DOM:58New:54Total:224
Feb 2026
Median Price:$364,000Median DOM:35New:57Total:206
Mar 2026
Median Price:$364,000Median DOM:29New:70Total:220
Apr 2026
Median Price:$349,900Median DOM:30New:66Total:228
May 2026
Median Price:$340,000Median DOM:26New:68Total:232
Jun 2026
Median Price:$350,000Median DOM:20New:35Total:221
6-Month Rental Trend
Jan 2026
Median Rent:$2,400Median DOM:68New:31Total:199
Feb 2026
Median Rent:$2,469Median DOM:27New:88Total:259
Mar 2026
Median Rent:$2,500Median DOM:34New:54Total:296
Apr 2026
Median Rent:$2,485Median DOM:26New:80Total:342
May 2026
Median Rent:$2,485Median DOM:24New:83Total:370
Jun 2026
Median Rent:$2,489Median DOM:21New:33Total:376
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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