ZIP 60623 Housing Market Report
Chicago Metro
Report period: May 2026
60623 Monthly Market Update – May 2026
ZIP 60623 · Last updated May 13, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$280,000
+9.8%
Median DOM (Sales)
56
−1.8%
New Listings (Sales)
14
−39.1%
Median Rent
$1,550
0.0%
Median DOM (Rental)
41
+2.5%
Total Rental Listings
197
−7.5%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (30 DOM)
- Fastest renting: Multi-Family (8 DOM)
- Strongest bedroom: 8 Beds ($399,999 median)
Sales Market Overview
Median Price
$280,000
+9.8%
Median DOM
56
−1.8%
New Listings
14
−39.1%
Inventory
142
−6.6%
- Average Price: $269,217
- Median Price: $280,000
- Price Range: $10,000 – $600,000
- Price per Sq Ft (Avg/Median): $216 / $212
- Square Footage (Avg/Median): 1,772 / 1,800
- Square Footage Range: 728 – 3,429
- Days on Market (Avg/Median): 92 / 56
- Days on Market Range: 1 – 365
- New Listings: 14
- Total Listings: 142
Sales by Property Type
Land
Avg/Median Price$76,522 / $40,000Range$10,000 – $349,900Price per Sq Ft—Sq Ft—DOM169 / 160New1Total44
Multi-Family
Avg/Median Price$355,905 / $350,000Range$92,500 – $599,999Price per Sq Ft$191 / $191Sq Ft2,176 / 2,100DOM63 / 30New10Total75
Single Family
Avg/Median Price$355,909 / $348,500Range$55,000 – $600,000Price per Sq Ft$228 / $214Sq Ft1,606 / 1,707DOM46 / 39New3Total22
Townhouse
Avg/Median Price$339,000 / $339,000Range$339,000 – $339,000Price per Sq Ft$188 / $188Sq Ft1,800 / 1,800DOM124 / 124New0Total1
Sales by Bedroom Count
Studio
Avg:$394,450Median:$289,000Range:$289,000 – $499,900PSF:—Sq Ft:—DOM:145 / 28New:0Total:2
2 Beds
Avg:$300,180Median:$250,000Range:$110,000 – $550,000PSF:$237 / $236Sq Ft:826 / 836DOM:54 / 9New:2Total:5
3 Beds
Avg:$323,911Median:$348,500Range:$55,000 – $549,000PSF:$203 / $185Sq Ft:1,479 / 1,381DOM:50 / 15New:1Total:9
4 Beds
Avg:$402,611Median:$350,000Range:$179,000 – $600,000PSF:$248 / $287Sq Ft:1,880 / 2,090DOM:64 / 63New:1Total:19
5 Beds
Avg:$333,458Median:$325,000Range:$92,500 – $599,999PSF:$234 / $226Sq Ft:1,747 / 1,864DOM:63 / 20New:3Total:24
6 Beds
Avg:$321,173Median:$299,900Range:$149,900 – $540,000PSF:$78 / $58Sq Ft:3,114 / 2,800DOM:76 / 35New:1Total:15
7 Beds
Avg:$393,073Median:$395,000Range:$175,000 – $545,000PSF:$201 / $183Sq Ft:2,066 / 1,631DOM:33 / 8New:3Total:11
8 Beds
Avg:$374,069Median:$399,999Range:$190,000 – $539,900PSF:$157 / $157Sq Ft:2,900 / 2,900DOM:53 / 12New:2Total:13
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $394,450 | $289,000 | $289,000 – $499,900 | — | — | 145 / 28 | 0 | 2 |
| 2 Beds | $300,180 | $250,000 | $110,000 – $550,000 | $237 / $236 | 826 / 836 | 54 / 9 | 2 | 5 |
| 3 Beds | $323,911 | $348,500 | $55,000 – $549,000 | $203 / $185 | 1,479 / 1,381 | 50 / 15 | 1 | 9 |
| 4 Beds | $402,611 | $350,000 | $179,000 – $600,000 | $248 / $287 | 1,880 / 2,090 | 64 / 63 | 1 | 19 |
| 5 Beds | $333,458 | $325,000 | $92,500 – $599,999 | $234 / $226 | 1,747 / 1,864 | 63 / 20 | 3 | 24 |
| 6 Beds | $321,173 | $299,900 | $149,900 – $540,000 | $78 / $58 | 3,114 / 2,800 | 76 / 35 | 1 | 15 |
| 7 Beds | $393,073 | $395,000 | $175,000 – $545,000 | $201 / $183 | 2,066 / 1,631 | 33 / 8 | 3 | 11 |
| 8 Beds | $374,069 | $399,999 | $190,000 – $539,900 | $157 / $157 | 2,900 / 2,900 | 53 / 12 | 2 | 13 |
Rental Market Overview
Median Rent
$1,550
0.0%
Median DOM
41
+2.5%
New Listings
13
Inventory
197
−7.5%
- Average Rent: $1,663
- Median Rent: $1,550
- Rent Range: $895 – $4,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,011 / 999
- Square Footage Range: 350 – 2,400
- Days on Market (Avg/Median): 72 / 41
- Days on Market Range: 2 – 352
- New Listings: 13
- Total Listings: 197
Rentals by Property Type
Apartment
$1,450
Median DOM: 51
Inventory: 126
MoM: 0.0%
Condo
$1,500
Median DOM: 22
Inventory: 15
MoM: 0.0%
Single Family
$1,700
Median DOM: 37
Inventory: 51
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,625 / $1,450Range$895 – $4,500Rent per Sq Ft$2 / $2Sq Ft974 / 900DOM83 / 51New7Total126
Condo
Avg/Median Rent$1,456 / $1,500Range$950 – $2,100Rent per Sq Ft$1 / $1Sq Ft1,152 / 1,000DOM44 / 22New1Total15
Multi-Family
Avg/Median Rent$1,520 / $1,525Range$1,195 – $1,800Rent per Sq Ft$2 / $2Sq Ft900 / 900DOM40 / 8New1Total5
Single Family
Avg/Median Rent$1,830 / $1,700Range$1,000 – $2,800Rent per Sq Ft$2 / $2Sq Ft1,066 / 1,000DOM61 / 37New4Total51
Rentals by Bedroom Count
Studio
Avg:$1,115Median:$1,050Range:$895 – $1,400PSF:$2 / $2Sq Ft:600 / 350DOM:36 / 24New:0Total:3
1 Beds
Avg:$1,236Median:$1,200Range:$950 – $1,600PSF:$2 / $2Sq Ft:700 / 700DOM:70 / 31New:0Total:23
2 Beds
Avg:$1,475Median:$1,400Range:$1,000 – $2,250PSF:$2 / $2Sq Ft:893 / 900DOM:81 / 46New:7Total:92
3 Beds
Avg:$1,878Median:$1,700Range:$1,375 – $4,000PSF:$2 / $2Sq Ft:1,223 / 1,200DOM:69 / 39New:6Total:65
4 Beds
Avg:$2,729Median:$2,300Range:$1,800 – $4,500PSF:$2 / $2Sq Ft:1,236 / 1,200DOM:36 / 28New:0Total:12
5 Beds
Avg:$2,625Median:$2,100Range:$2,100 – $3,150PSF:$1 / $1Sq Ft:2,000 / 1,600DOM:11 / 11New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,115 | $1,050 | $895 – $1,400 | $2 / $2 | 600 / 350 | 36 / 24 | 0 | 3 |
| 1 Beds | $1,236 | $1,200 | $950 – $1,600 | $2 / $2 | 700 / 700 | 70 / 31 | 0 | 23 |
| 2 Beds | $1,475 | $1,400 | $1,000 – $2,250 | $2 / $2 | 893 / 900 | 81 / 46 | 7 | 92 |
| 3 Beds | $1,878 | $1,700 | $1,375 – $4,000 | $2 / $2 | 1,223 / 1,200 | 69 / 39 | 6 | 65 |
| 4 Beds | $2,729 | $2,300 | $1,800 – $4,500 | $2 / $2 | 1,236 / 1,200 | 36 / 28 | 0 | 12 |
| 5 Beds | $2,625 | $2,100 | $2,100 – $3,150 | $1 / $1 | 2,000 / 1,600 | 11 / 11 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$237,500Median DOM:62New:24Total:161
Jan 2026
Median Price:$249,000Median DOM:68New:24Total:148
Feb 2026
Median Price:$249,000Median DOM:52New:35Total:144
Mar 2026
Median Price:$250,000Median DOM:48New:31Total:149
Apr 2026
Median Price:$254,900Median DOM:57New:23Total:152
May 2026
Median Price:$280,000Median DOM:56New:14Total:142
6-Month Rental Trend
Dec 2025
Median Rent:$1,500Median DOM:55New:24Total:164
Jan 2026
Median Rent:$1,550Median DOM:48New:57Total:178
Feb 2026
Median Rent:$1,550Median DOM:39New:39Total:189
Mar 2026
Median Rent:$1,550Median DOM:35New:59Total:219
Apr 2026
Median Rent:$1,550Median DOM:40New:41Total:213
May 2026
Median Rent:$1,550Median DOM:41New:13Total:197
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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.
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