ZIP 60616 Housing Market Report
Chicago Metro
Report period: August 2026
60616 Monthly Market Update – August 2026
ZIP 60616 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$350,000
0.0%
Median DOM (Sales)
11
−15.4%
New Listings (Sales)
63
−35.7%
Median Rent
$2,595
−0.2%
Median DOM (Rental)
25
0.0%
Total Rental Listings
337
−2.0%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (1 DOM)
- Fastest renting: Condo (17 DOM)
- Strongest bedroom: 8 Beds ($560,000 median)
Sales Market Overview
Median Price
$350,000
0.0%
Median DOM
11
−15.4%
New Listings
63
−35.7%
Inventory
221
+1.4%
- Average Price: $397,988
- Median Price: $350,000
- Price Range: $7,900 – $1,500,000
- Price per Sq Ft (Avg/Median): $298 / $311
- Square Footage (Avg/Median): 1,277 / 1,100
- Square Footage Range: 420 – 4,300
- Days on Market (Avg/Median): 46 / 11
- Days on Market Range: 1 – 365
- New Listings: 63
- Total Listings: 221
Sales by Property Type
Condo
Avg/Median Price$333,779 / $320,000Range$85,000 – $1,499,000Price per Sq Ft$298 / $318Sq Ft1,083 / 1,019DOM35 / 10New48Total165
Land
Avg/Median Price$368,188 / $175,000Range$7,900 – $1,500,000Price per Sq Ft—Sq Ft—DOM161 / 148New3Total17
Multi-Family
Avg/Median Price$724,245 / $579,900Range$398,000 – $1,400,000Price per Sq Ft—Sq Ft—DOM90 / 63New1Total11
Single Family
Avg/Median Price$669,773 / $588,000Range$389,900 – $1,080,000Price per Sq Ft$293 / $289Sq Ft2,472 / 2,109DOM69 / 26New3Total11
Townhouse
Avg/Median Price$664,026 / $599,000Range$359,800 – $1,499,000Price per Sq Ft$301 / $289Sq Ft2,192 / 2,250DOM18 / 1New8Total17
Sales by Bedroom Count
Studio
Avg:$112,330Median:$112,900Range:$85,000 – $134,000PSF:$227 / $230Sq Ft:507 / 500DOM:40 / 5New:3Total:10
1 Beds
Avg:$235,339Median:$249,900Range:$125,000 – $365,000PSF:$282 / $308Sq Ft:825 / 800DOM:32 / 9New:18Total:51
2 Beds
Avg:$370,964Median:$379,000Range:$127,000 – $1,000,000PSF:$307 / $321Sq Ft:1,206 / 1,200DOM:34 / 14New:19Total:79
3 Beds
Avg:$575,687Median:$545,000Range:$190,000 – $1,499,000PSF:$335 / $334Sq Ft:1,781 / 1,570DOM:36 / 7New:13Total:41
4 Beds
Avg:$670,336Median:$558,000Range:$275,000 – $1,499,000PSF:$270 / $280Sq Ft:2,461 / 2,330DOM:48 / 1New:5Total:11
5 Beds
Avg:$590,000Median:$550,000Range:$550,000 – $630,000PSF:$246 / $246Sq Ft:2,556 / 2,556DOM:59 / 1New:1Total:2
6 Beds
Avg:$699,925Median:$429,900Range:$389,900 – $1,400,000PSF:$121 / $121Sq Ft:3,230 / 3,230DOM:59 / 11New:1Total:4
7 Beds
Avg:$679,950Median:$559,900Range:$559,900 – $800,000PSF:—Sq Ft:—DOM:1 / 1New:0Total:2
8 Beds
Avg:$737,000Median:$560,000Range:$398,000 – $1,275,000PSF:—Sq Ft:—DOM:138 / 63New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $112,330 | $112,900 | $85,000 – $134,000 | $227 / $230 | 507 / 500 | 40 / 5 | 3 | 10 |
| 1 Beds | $235,339 | $249,900 | $125,000 – $365,000 | $282 / $308 | 825 / 800 | 32 / 9 | 18 | 51 |
| 2 Beds | $370,964 | $379,000 | $127,000 – $1,000,000 | $307 / $321 | 1,206 / 1,200 | 34 / 14 | 19 | 79 |
| 3 Beds | $575,687 | $545,000 | $190,000 – $1,499,000 | $335 / $334 | 1,781 / 1,570 | 36 / 7 | 13 | 41 |
| 4 Beds | $670,336 | $558,000 | $275,000 – $1,499,000 | $270 / $280 | 2,461 / 2,330 | 48 / 1 | 5 | 11 |
| 5 Beds | $590,000 | $550,000 | $550,000 – $630,000 | $246 / $246 | 2,556 / 2,556 | 59 / 1 | 1 | 2 |
| 6 Beds | $699,925 | $429,900 | $389,900 – $1,400,000 | $121 / $121 | 3,230 / 3,230 | 59 / 11 | 1 | 4 |
| 7 Beds | $679,950 | $559,900 | $559,900 – $800,000 | — | — | 1 / 1 | 0 | 2 |
| 8 Beds | $737,000 | $560,000 | $398,000 – $1,275,000 | — | — | 138 / 63 | 0 | 4 |
Rental Market Overview
Median Rent
$2,595
−0.2%
Median DOM
25
0.0%
New Listings
21
Inventory
337
−2.0%
- Average Rent: $2,658
- Median Rent: $2,595
- Rent Range: $765 – $6,975
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 979 / 916
- Square Footage Range: 328 – 2,500
- Days on Market (Avg/Median): 43 / 25
- Days on Market Range: 1 – 363
- New Listings: 21
- Total Listings: 337
Rentals by Property Type
Apartment
$2,595
Median DOM: 39
Inventory: 248
MoM: −0.2%
Condo
$2,500
Median DOM: 17
Inventory: 60
MoM: −0.2%
Single Family
$2,600
Median DOM: 21
Inventory: 24
MoM: −0.2%
Townhouse
$3,800
Median DOM: 58
Inventory: 4
MoM: −0.2%
Apartment
Avg/Median Rent$2,648 / $2,595Range$765 – $6,975Rent per Sq Ft$3 / $3Sq Ft919 / 890DOM53 / 39New14Total248
Condo
Avg/Median Rent$2,624 / $2,500Range$1,275 – $5,300Rent per Sq Ft$3 / $3Sq Ft1,035 / 994DOM21 / 17New7Total60
Multi-Family
Avg/Median Rent$3,200 / $3,200Range$3,200 – $3,200Rent per Sq Ft$1 / $1Sq Ft2,400 / 2,400DOM60 / 60New0Total1
Single Family
Avg/Median Rent$2,707 / $2,600Range$1,699 – $4,000Rent per Sq Ft$2 / $2Sq Ft1,304 / 1,200DOM30 / 21New0Total24
Townhouse
Avg/Median Rent$3,325 / $3,800Range$900 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,832 / 1,998DOM62 / 58New0Total4
Rentals by Bedroom Count
Studio
Avg:$1,399Median:$1,346Range:$765 – $1,815PSF:$3 / $3Sq Ft:451 / 418DOM:28 / 6New:2Total:13
1 Beds
Avg:$2,321Median:$2,399Range:$1,302 – $3,000PSF:$3 / $3Sq Ft:741 / 725DOM:46 / 22New:9Total:128
2 Beds
Avg:$2,964Median:$3,099Range:$900 – $4,500PSF:$3 / $3Sq Ft:1,106 / 1,071DOM:40 / 21New:8Total:143
3 Beds
Avg:$2,838Median:$2,695Range:$1,495 – $6,975PSF:$2 / $2Sq Ft:1,230 / 1,044DOM:49 / 39New:2Total:45
4 Beds
Avg:$2,850Median:$2,400Range:$2,300 – $3,700PSF:$2 / $2Sq Ft:1,325 / 1,200DOM:49 / 34New:0Total:4
5 Beds
Avg:$4,200Median:$4,200Range:$4,200 – $4,200PSF:$2 / $2Sq Ft:2,130 / 2,060DOM:40 / 40New:0Total:2
6 Beds
Avg:$4,500Median:$4,500Range:$4,500 – $4,500PSF:$2 / $2Sq Ft:2,500 / 2,500DOM:40 / 40New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,399 | $1,346 | $765 – $1,815 | $3 / $3 | 451 / 418 | 28 / 6 | 2 | 13 |
| 1 Beds | $2,321 | $2,399 | $1,302 – $3,000 | $3 / $3 | 741 / 725 | 46 / 22 | 9 | 128 |
| 2 Beds | $2,964 | $3,099 | $900 – $4,500 | $3 / $3 | 1,106 / 1,071 | 40 / 21 | 8 | 143 |
| 3 Beds | $2,838 | $2,695 | $1,495 – $6,975 | $2 / $2 | 1,230 / 1,044 | 49 / 39 | 2 | 45 |
| 4 Beds | $2,850 | $2,400 | $2,300 – $3,700 | $2 / $2 | 1,325 / 1,200 | 49 / 34 | 0 | 4 |
| 5 Beds | $4,200 | $4,200 | $4,200 – $4,200 | $2 / $2 | 2,130 / 2,060 | 40 / 40 | 0 | 2 |
| 6 Beds | $4,500 | $4,500 | $4,500 – $4,500 | $2 / $2 | 2,500 / 2,500 | 40 / 40 | 0 | 2 |
6-Month Sales Trend
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:$349,999Median DOM:25New:65Total:206
Jul 2026
Median Price:$350,000Median DOM:13New:98Total:218
Aug 2026
Median Price:$350,000Median DOM:11New:63Total:221
6-Month Rental Trend
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:$2,595Median DOM:21New:66Total:337
Jul 2026
Median Rent:$2,599Median DOM:25New:96Total:344
Aug 2026
Median Rent:$2,595Median DOM:25New:21Total:337
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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.
600046000560007600086001060016600186002560026600296004360053600566006060062600676006860070600746007660077600896009060091601016010360104601066010760108+168 more
← Back to Chicago Metro