ZIP 60616 Housing Market Report
Chicago Metro
Report period: March 2026
60616 Monthly Market Update – March 2026
ZIP 60616 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$359,900
−1.1%
Median DOM (Sales)
29
−17.1%
New Listings (Sales)
34
−40.4%
Median Rent
$2,475
+0.2%
Median DOM (Rental)
21
−22.2%
Total Rental Listings
277
+6.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (24 DOM)
- Fastest renting: Apartment (18 DOM)
- Strongest bedroom: 5 Beds ($688,000 median)
Sales Market Overview
Median Price
$359,900
−1.1%
Median DOM
29
−17.1%
New Listings
34
−40.4%
Inventory
217
+5.3%
- Average Price: $411,816
- Median Price: $359,900
- Price Range: $5,400 – $1,850,000
- Price per Sq Ft (Avg/Median): $288 / $291
- Square Footage (Avg/Median): 1,446 / 1,250
- Square Footage Range: 435 – 8,800
- Days on Market (Avg/Median): 61 / 29
- Days on Market Range: 2 – 362
- New Listings: 34
- Total Listings: 217
Sales by Property Type
Condo
Avg/Median Price$346,322 / $340,000Range$95,500 – $1,599,999Price per Sq Ft$287 / $297Sq Ft1,216 / 1,200DOM49 / 24New28Total158
Land
Avg/Median Price$332,768 / $199,000Range$5,400 – $1,500,000Price per Sq Ft—Sq Ft—DOM149 / 167New2Total19
Multi-Family
Avg/Median Price$582,592 / $599,900Range$319,000 – $850,000Price per Sq Ft$521 / $521Sq Ft1,092 / 1,092DOM61 / 46New2Total13
Single Family
Avg/Median Price$854,167 / $750,000Range$364,000 – $1,850,000Price per Sq Ft$290 / $294Sq Ft3,128 / 3,000DOM78 / 58New0Total12
Townhouse
Avg/Median Price$699,927 / $529,000Range$404,900 – $1,580,000Price per Sq Ft$284 / $261Sq Ft2,248 / 2,000DOM73 / 42New2Total15
Sales by Bedroom Count
Studio
Avg:$124,686Median:$114,999Range:$95,500 – $185,500PSF:$230 / $245Sq Ft:558 / 500DOM:72 / 70New:0Total:7
1 Beds
Avg:$229,087Median:$245,000Range:$105,000 – $360,000PSF:$276 / $306Sq Ft:816 / 800DOM:37 / 17New:12Total:40
2 Beds
Avg:$367,656Median:$375,000Range:$131,900 – $629,000PSF:$296 / $308Sq Ft:1,250 / 1,246DOM:54 / 23New:11Total:83
3 Beds
Avg:$582,351Median:$549,000Range:$144,900 – $1,599,999PSF:$291 / $271Sq Ft:1,892 / 1,727DOM:54 / 25New:8Total:47
4 Beds
Avg:$743,955Median:$650,000Range:$359,000 – $1,580,000PSF:$287 / $294Sq Ft:2,759 / 2,600DOM:73 / 48New:0Total:11
5 Beds
Avg:$1,269,000Median:$688,000Range:$688,000 – $1,850,000PSF:$210 / $210Sq Ft:8,800 / 8,800DOM:91 / 91New:0Total:2
6 Beds
Avg:$500,500Median:$432,000Range:$432,000 – $569,000PSF:$521 / $521Sq Ft:1,092 / 1,092DOM:55 / 7New:1Total:2
7 Beds
Avg:$572,967Median:$599,900Range:$319,000 – $800,000PSF:—Sq Ft:—DOM:112 / 62New:0Total:3
8 Beds
Avg:$559,267Median:$580,000Range:$398,000 – $699,800PSF:—Sq Ft:—DOM:61 / 65New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $124,686 | $114,999 | $95,500 – $185,500 | $230 / $245 | 558 / 500 | 72 / 70 | 0 | 7 |
| 1 Beds | $229,087 | $245,000 | $105,000 – $360,000 | $276 / $306 | 816 / 800 | 37 / 17 | 12 | 40 |
| 2 Beds | $367,656 | $375,000 | $131,900 – $629,000 | $296 / $308 | 1,250 / 1,246 | 54 / 23 | 11 | 83 |
| 3 Beds | $582,351 | $549,000 | $144,900 – $1,599,999 | $291 / $271 | 1,892 / 1,727 | 54 / 25 | 8 | 47 |
| 4 Beds | $743,955 | $650,000 | $359,000 – $1,580,000 | $287 / $294 | 2,759 / 2,600 | 73 / 48 | 0 | 11 |
| 5 Beds | $1,269,000 | $688,000 | $688,000 – $1,850,000 | $210 / $210 | 8,800 / 8,800 | 91 / 91 | 0 | 2 |
| 6 Beds | $500,500 | $432,000 | $432,000 – $569,000 | $521 / $521 | 1,092 / 1,092 | 55 / 7 | 1 | 2 |
| 7 Beds | $572,967 | $599,900 | $319,000 – $800,000 | — | — | 112 / 62 | 0 | 3 |
| 8 Beds | $559,267 | $580,000 | $398,000 – $699,800 | — | — | 61 / 65 | 0 | 3 |
Rental Market Overview
Median Rent
$2,475
+0.2%
Median DOM
21
−22.2%
New Listings
22
Inventory
277
+6.9%
- Average Rent: $2,574
- Median Rent: $2,475
- Rent Range: $1,030 – $8,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,042 / 925
- Square Footage Range: 400 – 3,000
- Days on Market (Avg/Median): 62 / 21
- Days on Market Range: 2 – 353
- New Listings: 22
- Total Listings: 277
Rentals by Property Type
Apartment
$2,260
Median DOM: 18
Inventory: 174
MoM: +0.2%
Condo
$2,650
Median DOM: 28
Inventory: 75
MoM: +0.2%
Single Family
$2,700
Median DOM: 25
Inventory: 27
MoM: +0.2%
Townhouse
$3,100
Median DOM: 92
Inventory: 1
MoM: +0.2%
Apartment
Avg/Median Rent$2,474 / $2,260Range$1,030 – $8,500Rent per Sq Ft$3 / $3Sq Ft938 / 850DOM77 / 18New7Total174
Condo
Avg/Median Rent$2,720 / $2,650Range$1,500 – $5,250Rent per Sq Ft$3 / $3Sq Ft1,112 / 1,070DOM44 / 28New12Total75
Single Family
Avg/Median Rent$2,786 / $2,700Range$1,600 – $5,900Rent per Sq Ft$2 / $2Sq Ft1,394 / 1,200DOM44 / 25New3Total27
Townhouse
Avg/Median Rent$3,100 / $3,100Range$3,100 – $3,100Rent per Sq Ft$1 / $1Sq Ft2,500 / 2,500DOM92 / 92New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,573Median:$1,625Range:$1,030 – $2,330PSF:$2 / $2Sq Ft:706 / 587DOM:56 / 18New:0Total:47
1 Beds
Avg:$2,291Median:$2,259Range:$1,100 – $4,000PSF:$3 / $3Sq Ft:796 / 800DOM:49 / 17New:11Total:72
2 Beds
Avg:$2,839Median:$2,949Range:$1,100 – $4,050PSF:$3 / $3Sq Ft:1,101 / 1,071DOM:71 / 31New:8Total:113
3 Beds
Avg:$3,137Median:$3,250Range:$1,500 – $7,250PSF:$2 / $2Sq Ft:1,595 / 1,500DOM:54 / 41New:3Total:35
4 Beds
Avg:$4,341Median:$3,100Range:$1,265 – $8,500PSF:$2 / $2Sq Ft:2,172 / 2,229DOM:116 / 109New:0Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,573 | $1,625 | $1,030 – $2,330 | $2 / $2 | 706 / 587 | 56 / 18 | 0 | 47 |
| 1 Beds | $2,291 | $2,259 | $1,100 – $4,000 | $3 / $3 | 796 / 800 | 49 / 17 | 11 | 72 |
| 2 Beds | $2,839 | $2,949 | $1,100 – $4,050 | $3 / $3 | 1,101 / 1,071 | 71 / 31 | 8 | 113 |
| 3 Beds | $3,137 | $3,250 | $1,500 – $7,250 | $2 / $2 | 1,595 / 1,500 | 54 / 41 | 3 | 35 |
| 4 Beds | $4,341 | $3,100 | $1,265 – $8,500 | $2 / $2 | 2,172 / 2,229 | 116 / 109 | 0 | 10 |
6-Month Sales Trend
Oct 2025
Median Price:$359,900Median DOM:53New:52Total:253
Nov 2025
Median Price:$365,000Median DOM:54New:49Total:250
Dec 2025
Median Price:$375,000Median DOM:63New:22Total:210
Jan 2026
Median Price:$375,000Median DOM:58New:54Total:224
Feb 2026
Median Price:$364,000Median DOM:35New:57Total:206
Mar 2026
Median Price:$359,900Median DOM:29New:34Total:217
6-Month Rental Trend
Oct 2025
Median Rent:$2,424Median DOM:45New:55Total:297
Nov 2025
Median Rent:$2,430Median DOM:49New:38Total:256
Dec 2025
Median Rent:$2,385Median DOM:55New:30Total:211
Jan 2026
Median Rent:$2,400Median DOM:68New:31Total:199
Feb 2026
Median Rent:$2,469Median DOM:27New:88Total:259
Mar 2026
Median Rent:$2,475Median DOM:21New:22Total:277
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 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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