ZIP 60640 Housing Market Report
Chicago Metro
Report period: August 2026
60640 Monthly Market Update – August 2026
ZIP 60640 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$339,900
−2.9%
Median DOM (Sales)
6
0.0%
New Listings (Sales)
38
−50.6%
Median Rent
$1,895
0.0%
Median DOM (Rental)
29
+16.0%
Total Rental Listings
1,273
−2.9%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (1 DOM)
- Fastest renting: Multi-Family (7 DOM)
- Strongest bedroom: 6 Beds ($1,999,000 median)
Sales Market Overview
Median Price
$339,900
−2.9%
Median DOM
6
0.0%
New Listings
38
−50.6%
Inventory
177
−4.3%
- Average Price: $451,831
- Median Price: $339,900
- Price Range: $20,000 – $2,250,000
- Price per Sq Ft (Avg/Median): $312 / $293
- Square Footage (Avg/Median): 1,316 / 1,100
- Square Footage Range: 580 – 4,800
- Days on Market (Avg/Median): 26 / 6
- Days on Market Range: 1 – 208
- New Listings: 38
- Total Listings: 177
Sales by Property Type
Condo
Avg/Median Price$366,507 / $329,900Range$129,900 – $925,000Price per Sq Ft$310 / $293Sq Ft1,150 / 1,050DOM16 / 6New31Total141
Land
Avg/Median Price$29,162 / $24,900Range$20,000 – $60,000Price per Sq Ft—Sq Ft—DOM172 / 184New0Total8
Multi-Family
Avg/Median Price$1,395,333 / $1,250,000Range$899,000 – $2,199,000Price per Sq Ft—Sq Ft—DOM9 / 1New0Total6
Single Family
Avg/Median Price$911,976 / $700,000Range$145,000 – $2,250,000Price per Sq Ft$324 / $267Sq Ft2,334 / 1,800DOM38 / 12New7Total21
Townhouse
Avg/Median Price$539,900 / $539,900Range$539,900 – $539,900Price per Sq Ft$294 / $294Sq Ft1,834 / 1,834DOM11 / 11New0Total1
Sales by Bedroom Count
Studio
Avg:$154,808Median:$154,900Range:$129,900 – $199,000PSF:$261 / $261Sq Ft:605 / 595DOM:27 / 13New:5Total:12
1 Beds
Avg:$218,974Median:$219,900Range:$149,900 – $350,000PSF:$269 / $267Sq Ft:828 / 850DOM:19 / 6New:13Total:49
2 Beds
Avg:$421,270Median:$399,900Range:$167,000 – $885,000PSF:$328 / $329Sq Ft:1,280 / 1,200DOM:19 / 6New:11Total:69
3 Beds
Avg:$625,952Median:$575,000Range:$389,000 – $999,900PSF:$334 / $305Sq Ft:1,802 / 1,800DOM:13 / 5New:4Total:23
4 Beds
Avg:$1,216,857Median:$899,000Range:$700,000 – $2,250,000PSF:$413 / $319Sq Ft:3,128 / 2,400DOM:10 / 1New:4Total:7
5 Beds
Avg:$1,799,450Median:$1,599,000Range:$1,599,000 – $1,999,900PSF:$451 / $444Sq Ft:4,000 / 3,500DOM:1 / 1New:1Total:2
6 Beds
Avg:$1,832,667Median:$1,999,000Range:$1,399,000 – $2,100,000PSF:$457 / $438Sq Ft:4,500 / 4,200DOM:47 / 37New:0Total:3
7 Beds
Avg:$1,724,500Median:$1,250,000Range:$1,250,000 – $2,199,000PSF:—Sq Ft:—DOM:1 / 1New:0Total:2
8 Beds
Avg:$1,312,500Median:$1,225,000Range:$1,225,000 – $1,400,000PSF:—Sq Ft:—DOM:19 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $154,808 | $154,900 | $129,900 – $199,000 | $261 / $261 | 605 / 595 | 27 / 13 | 5 | 12 |
| 1 Beds | $218,974 | $219,900 | $149,900 – $350,000 | $269 / $267 | 828 / 850 | 19 / 6 | 13 | 49 |
| 2 Beds | $421,270 | $399,900 | $167,000 – $885,000 | $328 / $329 | 1,280 / 1,200 | 19 / 6 | 11 | 69 |
| 3 Beds | $625,952 | $575,000 | $389,000 – $999,900 | $334 / $305 | 1,802 / 1,800 | 13 / 5 | 4 | 23 |
| 4 Beds | $1,216,857 | $899,000 | $700,000 – $2,250,000 | $413 / $319 | 3,128 / 2,400 | 10 / 1 | 4 | 7 |
| 5 Beds | $1,799,450 | $1,599,000 | $1,599,000 – $1,999,900 | $451 / $444 | 4,000 / 3,500 | 1 / 1 | 1 | 2 |
| 6 Beds | $1,832,667 | $1,999,000 | $1,399,000 – $2,100,000 | $457 / $438 | 4,500 / 4,200 | 47 / 37 | 0 | 3 |
| 7 Beds | $1,724,500 | $1,250,000 | $1,250,000 – $2,199,000 | — | — | 1 / 1 | 0 | 2 |
| 8 Beds | $1,312,500 | $1,225,000 | $1,225,000 – $1,400,000 | — | — | 19 / 1 | 0 | 2 |
Rental Market Overview
Median Rent
$1,895
0.0%
Median DOM
29
+16.0%
New Listings
97
Inventory
1,273
−2.9%
- Average Rent: $2,072
- Median Rent: $1,895
- Rent Range: $785 – $9,999
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 768 / 675
- Square Footage Range: 250 – 10,000
- Days on Market (Avg/Median): 56 / 29
- Days on Market Range: 1 – 364
- New Listings: 97
- Total Listings: 1,273
Rentals by Property Type
Apartment
$1,890
Median DOM: 31
Inventory: 1,122
MoM: 0.0%
Condo
$2,000
Median DOM: 15
Inventory: 90
MoM: 0.0%
Single Family
$1,950
Median DOM: 17
Inventory: 48
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,040 / $1,890Range$785 – $9,999Rent per Sq Ft$3 / $3Sq Ft752 / 675DOM61 / 31New74Total1,122
Condo
Avg/Median Rent$2,301 / $2,000Range$1,100 – $4,800Rent per Sq Ft$3 / $3Sq Ft889 / 785DOM22 / 15New9Total90
Multi-Family
Avg/Median Rent$1,477 / $1,395Range$1,095 – $2,158Rent per Sq Ft$3 / $3Sq Ft482 / 383DOM58 / 7New1Total13
Single Family
Avg/Median Rent$2,558 / $1,950Range$1,195 – $9,800Rent per Sq Ft$3 / $2Sq Ft1,012 / 800DOM32 / 17New13Total48
Rentals by Bedroom Count
Studio
Avg:$1,448Median:$1,395Range:$785 – $2,416PSF:$3 / $3Sq Ft:501 / 431DOM:58 / 31New:20Total:357
1 Beds
Avg:$1,956Median:$1,895Range:$1,100 – $9,999PSF:$3 / $3Sq Ft:721 / 687DOM:53 / 26New:48Total:580
2 Beds
Avg:$2,672Median:$2,595Range:$1,650 – $4,450PSF:$3 / $3Sq Ft:1,014 / 1,000DOM:57 / 31New:23Total:255
3 Beds
Avg:$3,586Median:$3,400Range:$1,850 – $5,600PSF:$2 / $2Sq Ft:1,496 / 1,404DOM:71 / 32New:5Total:75
4 Beds
Avg:$4,458Median:$4,765Range:$2,800 – $5,500PSF:$2 / $2Sq Ft:2,153 / 2,200DOM:39 / 13New:1Total:4
5 Beds
Avg:$8,500Median:$8,500Range:$8,500 – $8,500PSF:$2 / $2Sq Ft:3,900 / 3,900DOM:22 / 22New:0Total:1
6 Beds
Avg:$9,800Median:$9,800Range:$9,800 – $9,800PSF:—Sq Ft:—DOM:59 / 59New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,448 | $1,395 | $785 – $2,416 | $3 / $3 | 501 / 431 | 58 / 31 | 20 | 357 |
| 1 Beds | $1,956 | $1,895 | $1,100 – $9,999 | $3 / $3 | 721 / 687 | 53 / 26 | 48 | 580 |
| 2 Beds | $2,672 | $2,595 | $1,650 – $4,450 | $3 / $3 | 1,014 / 1,000 | 57 / 31 | 23 | 255 |
| 3 Beds | $3,586 | $3,400 | $1,850 – $5,600 | $2 / $2 | 1,496 / 1,404 | 71 / 32 | 5 | 75 |
| 4 Beds | $4,458 | $4,765 | $2,800 – $5,500 | $2 / $2 | 2,153 / 2,200 | 39 / 13 | 1 | 4 |
| 5 Beds | $8,500 | $8,500 | $8,500 – $8,500 | $2 / $2 | 3,900 / 3,900 | 22 / 22 | 0 | 1 |
| 6 Beds | $9,800 | $9,800 | $9,800 – $9,800 | — | — | 59 / 59 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$330,000Median DOM:11New:77Total:180
Apr 2026
Median Price:$345,000Median DOM:9New:81Total:210
May 2026
Median Price:$355,000Median DOM:8New:65Total:195
Jun 2026
Median Price:$375,000Median DOM:7New:85Total:185
Jul 2026
Median Price:$350,000Median DOM:6New:77Total:185
Aug 2026
Median Price:$339,900Median DOM:6New:38Total:177
6-Month Rental Trend
Mar 2026
Median Rent:$1,745Median DOM:21New:350Total:1,144
Apr 2026
Median Rent:$1,810Median DOM:22New:295Total:1,331
May 2026
Median Rent:$1,875Median DOM:21New:313Total:1,325
Jun 2026
Median Rent:$1,899Median DOM:26New:309Total:1,289
Jul 2026
Median Rent:$1,895Median DOM:25New:305Total:1,311
Aug 2026
Median Rent:$1,895Median DOM:29New:97Total:1,273
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market were unchanged, signaling steady 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.
600046000560007600086001060016600186002560026600296004360053600566006060062600676006860070600746007660077600896009060091601016010360104601066010760108+168 more
← Back to Chicago Metro