ZIP 60623 Housing Market Report
Chicago Metro
Report period: August 2026
60623 Monthly Market Update – August 2026
ZIP 60623 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$249,900
+4.1%
Median DOM (Sales)
42
+7.7%
New Listings (Sales)
29
−47.3%
Median Rent
$1,575
+1.6%
Median DOM (Rental)
44
−10.2%
Total Rental Listings
154
+1.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (16 DOM)
- Fastest renting: Multi-Family (11 DOM)
- Strongest bedroom: 7 Beds ($480,000 median)
Sales Market Overview
Median Price
$249,900
+4.1%
Median DOM
42
+7.7%
New Listings
29
−47.3%
Inventory
153
−5.0%
- Average Price: $242,112
- Median Price: $249,900
- Price Range: $6,500 – $600,000
- Price per Sq Ft (Avg/Median): $207 / $198
- Square Footage (Avg/Median): 1,693 / 1,566
- Square Footage Range: 640 – 3,928
- Days on Market (Avg/Median): 80 / 42
- Days on Market Range: 1 – 356
- New Listings: 29
- Total Listings: 153
Sales by Property Type
Land
Avg/Median Price$62,366 / $40,000Range$6,500 – $349,900Price per Sq Ft—Sq Ft—DOM95 / 51New10Total53
Multi-Family
Avg/Median Price$351,037 / $330,000Range$85,000 – $599,998Price per Sq Ft$159 / $157Sq Ft2,251 / 2,300DOM78 / 35New12Total68
Single Family
Avg/Median Price$308,353 / $279,900Range$79,000 – $600,000Price per Sq Ft$215 / $227Sq Ft1,605 / 1,412DOM61 / 16New7Total32
Sales by Bedroom Count
Studio
Avg:$260,000Median:$260,000Range:$260,000 – $260,000PSF:—Sq Ft:—DOM:353 / 353New:0Total:1
2 Beds
Avg:$294,238Median:$269,900Range:$100,000 – $550,000PSF:$283 / $241Sq Ft:1,003 / 836DOM:67 / 1New:3Total:8
3 Beds
Avg:$291,481Median:$280,000Range:$79,900 – $549,000PSF:$210 / $198Sq Ft:1,475 / 1,381DOM:65 / 22New:1Total:16
4 Beds
Avg:$329,570Median:$279,900Range:$79,000 – $600,000PSF:$188 / $190Sq Ft:2,024 / 2,090DOM:78 / 56New:6Total:20
5 Beds
Avg:$335,217Median:$315,000Range:$99,999 – $599,998PSF:$173 / $173Sq Ft:2,400 / 2,400DOM:78 / 23New:3Total:17
6 Beds
Avg:$352,018Median:$330,000Range:$119,000 – $540,000PSF:$141 / $87Sq Ft:2,500 / 2,300DOM:62 / 19New:4Total:22
7 Beds
Avg:$403,414Median:$480,000Range:$149,900 – $519,999PSF:$250 / $250Sq Ft:1,540 / 1,540DOM:64 / 30New:1Total:7
8 Beds
Avg:$400,200Median:$455,000Range:$149,000 – $599,900PSF:$136 / $114Sq Ft:2,101 / 1,302DOM:70 / 29New:1Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $260,000 | $260,000 | $260,000 – $260,000 | — | — | 353 / 353 | 0 | 1 |
| 2 Beds | $294,238 | $269,900 | $100,000 – $550,000 | $283 / $241 | 1,003 / 836 | 67 / 1 | 3 | 8 |
| 3 Beds | $291,481 | $280,000 | $79,900 – $549,000 | $210 / $198 | 1,475 / 1,381 | 65 / 22 | 1 | 16 |
| 4 Beds | $329,570 | $279,900 | $79,000 – $600,000 | $188 / $190 | 2,024 / 2,090 | 78 / 56 | 6 | 20 |
| 5 Beds | $335,217 | $315,000 | $99,999 – $599,998 | $173 / $173 | 2,400 / 2,400 | 78 / 23 | 3 | 17 |
| 6 Beds | $352,018 | $330,000 | $119,000 – $540,000 | $141 / $87 | 2,500 / 2,300 | 62 / 19 | 4 | 22 |
| 7 Beds | $403,414 | $480,000 | $149,900 – $519,999 | $250 / $250 | 1,540 / 1,540 | 64 / 30 | 1 | 7 |
| 8 Beds | $400,200 | $455,000 | $149,000 – $599,900 | $136 / $114 | 2,101 / 1,302 | 70 / 29 | 1 | 9 |
Rental Market Overview
Median Rent
$1,575
+1.6%
Median DOM
44
−10.2%
New Listings
6
Inventory
154
+1.3%
- Average Rent: $1,690
- Median Rent: $1,575
- Rent Range: $850 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,007 / 900
- Square Footage Range: 300 – 11,840
- Days on Market (Avg/Median): 77 / 44
- Days on Market Range: 2 – 344
- New Listings: 6
- Total Listings: 154
Rentals by Property Type
Apartment
$1,500
Median DOM: 72
Inventory: 102
MoM: +1.6%
Condo
$1,700
Median DOM: 17
Inventory: 17
MoM: +1.6%
Single Family
$1,700
Median DOM: 34
Inventory: 34
MoM: +1.6%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +1.6%
Apartment
Avg/Median Rent$1,677 / $1,500Range$850 – $4,500Rent per Sq Ft$2 / $2Sq Ft1,028 / 800DOM96 / 72New2Total102
Condo
Avg/Median Rent$1,706 / $1,700Range$1,300 – $2,100Rent per Sq Ft$2 / $2Sq Ft1,061 / 1,100DOM20 / 17New2Total17
Multi-Family
Avg/Median Rent$1,600 / $1,600Range$1,600 – $1,600Rent per Sq Ft$2 / $2Sq Ft810 / 810DOM11 / 11New0Total1
Single Family
Avg/Median Rent$1,722 / $1,700Range$1,100 – $2,800Rent per Sq Ft$2 / $2Sq Ft940 / 900DOM57 / 34New2Total34
Rentals by Bedroom Count
Studio
Avg:$888Median:$850Range:$850 – $925PSF:$2 / $1Sq Ft:500 / 300DOM:98 / 34New:0Total:2
1 Beds
Avg:$1,469Median:$1,200Range:$1,100 – $3,014PSF:$2 / $2Sq Ft:643 / 600DOM:81 / 51New:0Total:14
2 Beds
Avg:$1,463Median:$1,450Range:$1,025 – $2,095PSF:$2 / $2Sq Ft:839 / 800DOM:88 / 56New:2Total:78
3 Beds
Avg:$1,959Median:$1,800Range:$1,035 – $4,500PSF:$2 / $2Sq Ft:1,427 / 1,100DOM:62 / 31New:4Total:54
4 Beds
Avg:$3,000Median:$2,700Range:$1,700 – $4,500PSF:$3 / $3Sq Ft:1,217 / 1,250DOM:57 / 34New:0Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $888 | $850 | $850 – $925 | $2 / $1 | 500 / 300 | 98 / 34 | 0 | 2 |
| 1 Beds | $1,469 | $1,200 | $1,100 – $3,014 | $2 / $2 | 643 / 600 | 81 / 51 | 0 | 14 |
| 2 Beds | $1,463 | $1,450 | $1,025 – $2,095 | $2 / $2 | 839 / 800 | 88 / 56 | 2 | 78 |
| 3 Beds | $1,959 | $1,800 | $1,035 – $4,500 | $2 / $2 | 1,427 / 1,100 | 62 / 31 | 4 | 54 |
| 4 Beds | $3,000 | $2,700 | $1,700 – $4,500 | $3 / $3 | 1,217 / 1,250 | 57 / 34 | 0 | 6 |
6-Month Sales Trend
Mar 2026
Median Price:$250,000Median DOM:48New:31Total:149
Apr 2026
Median Price:$254,900Median DOM:57New:23Total:152
May 2026
Median Price:$290,000Median DOM:55New:39Total:148
Jun 2026
Median Price:$254,900Median DOM:41New:50Total:154
Jul 2026
Median Price:$240,000Median DOM:39New:55Total:161
Aug 2026
Median Price:$249,900Median DOM:42New:29Total:153
6-Month Rental Trend
Mar 2026
Median Rent:$1,550Median DOM:35New:59Total:219
Apr 2026
Median Rent:$1,550Median DOM:40New:41Total:213
May 2026
Median Rent:$1,575Median DOM:38New:35Total:189
Jun 2026
Median Rent:$1,550Median DOM:46New:31Total:153
Jul 2026
Median Rent:$1,550Median DOM:49New:30Total:152
Aug 2026
Median Rent:$1,575Median DOM:44New:6Total:154
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower 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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