ZIP 60640 Housing Market Report
Chicago Metro
Report period: May 2026
60640 Monthly Market Update – May 2026
ZIP 60640 · Last updated May 13, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$350,000
+1.4%
Median DOM (Sales)
8
−11.1%
New Listings (Sales)
25
−69.1%
Median Rent
$1,850
+2.2%
Median DOM (Rental)
22
0.0%
Total Rental Listings
1,330
−0.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (6 DOM)
- Fastest renting: Townhouse (8 DOM)
- Strongest bedroom: 5 Beds ($1,395,000 median)
Sales Market Overview
Median Price
$350,000
+1.4%
Median DOM
8
−11.1%
New Listings
25
−69.1%
Inventory
207
−1.4%
- Average Price: $485,200
- Median Price: $350,000
- Price Range: $12,000 – $3,750,000
- Price per Sq Ft (Avg/Median): $315 / $300
- Square Footage (Avg/Median): 1,414 / 1,200
- Square Footage Range: 500 – 7,000
- Days on Market (Avg/Median): 22 / 8
- Days on Market Range: 2 – 225
- New Listings: 25
- Total Listings: 207
Sales by Property Type
Condo
Avg/Median Price$374,080 / $329,900Range$95,000 – $1,099,000Price per Sq Ft$304 / $297Sq Ft1,206 / 1,008DOM18 / 8New18Total164
Land
Avg/Median Price$26,089 / $22,000Range$12,000 – $60,000Price per Sq Ft—Sq Ft—DOM89 / 93New0Total9
Multi-Family
Avg/Median Price$1,247,542 / $950,000Range$889,900 – $2,495,000Price per Sq Ft—Sq Ft—DOM59 / 10New1Total7
Single Family
Avg/Median Price$1,215,229 / $1,099,900Range$145,000 – $3,750,000Price per Sq Ft$382 / $389Sq Ft2,818 / 2,150DOM22 / 15New2Total21
Townhouse
Avg/Median Price$766,650 / $749,900Range$300,000 – $1,100,000Price per Sq Ft$374 / $342Sq Ft1,845 / 1,900DOM7 / 6New4Total6
Sales by Bedroom Count
Studio
Avg:$149,633Median:$147,000Range:$95,000 – $179,900PSF:$256 / $269Sq Ft:583 / 600DOM:39 / 41New:1Total:9
1 Beds
Avg:$215,005Median:$210,000Range:$115,000 – $410,000PSF:$270 / $259Sq Ft:814 / 825DOM:22 / 14New:4Total:57
2 Beds
Avg:$405,566Median:$379,000Range:$215,000 – $1,150,000PSF:$318 / $313Sq Ft:1,311 / 1,254DOM:14 / 7New:10Total:75
3 Beds
Avg:$664,618Median:$650,000Range:$395,000 – $1,100,000PSF:$363 / $359Sq Ft:1,802 / 1,700DOM:10 / 7New:6Total:33
4 Beds
Avg:$1,273,227Median:$1,050,000Range:$600,000 – $2,575,000PSF:$371 / $366Sq Ft:3,294 / 3,000DOM:23 / 11New:2Total:13
5 Beds
Avg:$1,541,250Median:$1,395,000Range:$950,000 – $2,095,000PSF:$494 / $438Sq Ft:3,871 / 3,800DOM:10 / 6New:1Total:4
6 Beds
Avg:$2,474,950Median:$1,199,900Range:$1,199,900 – $3,750,000PSF:$536 / $536Sq Ft:7,000 / 7,000DOM:15 / 5New:1Total:2
7 Beds
Avg:$1,444,633Median:$949,000Range:$889,900 – $2,495,000PSF:—Sq Ft:—DOM:54 / 45New:0Total:3
8 Beds
Avg:$1,124,498Median:$949,000Range:$949,000 – $1,299,995PSF:—Sq Ft:—DOM:118 / 10New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $149,633 | $147,000 | $95,000 – $179,900 | $256 / $269 | 583 / 600 | 39 / 41 | 1 | 9 |
| 1 Beds | $215,005 | $210,000 | $115,000 – $410,000 | $270 / $259 | 814 / 825 | 22 / 14 | 4 | 57 |
| 2 Beds | $405,566 | $379,000 | $215,000 – $1,150,000 | $318 / $313 | 1,311 / 1,254 | 14 / 7 | 10 | 75 |
| 3 Beds | $664,618 | $650,000 | $395,000 – $1,100,000 | $363 / $359 | 1,802 / 1,700 | 10 / 7 | 6 | 33 |
| 4 Beds | $1,273,227 | $1,050,000 | $600,000 – $2,575,000 | $371 / $366 | 3,294 / 3,000 | 23 / 11 | 2 | 13 |
| 5 Beds | $1,541,250 | $1,395,000 | $950,000 – $2,095,000 | $494 / $438 | 3,871 / 3,800 | 10 / 6 | 1 | 4 |
| 6 Beds | $2,474,950 | $1,199,900 | $1,199,900 – $3,750,000 | $536 / $536 | 7,000 / 7,000 | 15 / 5 | 1 | 2 |
| 7 Beds | $1,444,633 | $949,000 | $889,900 – $2,495,000 | — | — | 54 / 45 | 0 | 3 |
| 8 Beds | $1,124,498 | $949,000 | $949,000 – $1,299,995 | — | — | 118 / 10 | 0 | 2 |
Rental Market Overview
Median Rent
$1,850
+2.2%
Median DOM
22
0.0%
New Listings
142
Inventory
1,330
−0.1%
- Average Rent: $2,006
- Median Rent: $1,850
- Rent Range: $795 – $9,999
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 732 / 650
- Square Footage Range: 251 – 10,000
- Days on Market (Avg/Median): 49 / 22
- Days on Market Range: 1 – 365
- New Listings: 142
- Total Listings: 1,330
Rentals by Property Type
Apartment
$1,825
Median DOM: 26
Inventory: 1,146
MoM: +2.2%
Condo
$2,295
Median DOM: 12
Inventory: 82
MoM: +2.2%
Single Family
$1,708
Median DOM: 10
Inventory: 85
MoM: +2.2%
Townhouse
$4,000
Median DOM: 8
Inventory: 1
MoM: +2.2%
Apartment
Avg/Median Rent$1,968 / $1,825Range$795 – $9,999Rent per Sq Ft$3 / $3Sq Ft720 / 650DOM55 / 26New110Total1,146
Condo
Avg/Median Rent$2,434 / $2,295Range$1,450 – $4,500Rent per Sq Ft$3 / $3Sq Ft1,032 / 850DOM20 / 12New22Total82
Multi-Family
Avg/Median Rent$1,693 / $1,502Range$1,150 – $3,350Rent per Sq Ft$3 / $3Sq Ft541 / 425DOM67 / 35New0Total16
Single Family
Avg/Median Rent$2,141 / $1,708Range$1,075 – $9,800Rent per Sq Ft$3 / $3Sq Ft665 / 580DOM19 / 10New9Total85
Townhouse
Avg/Median Rent$4,000 / $4,000Range$4,000 – $4,000Rent per Sq Ft$3 / $3Sq Ft1,600 / 1,600DOM8 / 8New1Total1
Rentals by Bedroom Count
Studio
Avg:$1,426Median:$1,392Range:$795 – $2,320PSF:$4 / $4Sq Ft:482 / 418DOM:56 / 23New:30Total:441
1 Beds
Avg:$1,924Median:$1,850Range:$795 – $9,999PSF:$3 / $3Sq Ft:701 / 680DOM:47 / 21New:73Total:537
2 Beds
Avg:$2,645Median:$2,575Range:$1,300 – $4,595PSF:$3 / $3Sq Ft:1,021 / 962DOM:46 / 22New:29Total:287
3 Beds
Avg:$3,707Median:$3,550Range:$2,400 – $8,000PSF:$3 / $3Sq Ft:1,522 / 1,404DOM:49 / 17New:10Total:62
4 Beds
Avg:$3,650Median:$3,500Range:$3,500 – $3,800PSF:$2 / $1Sq Ft:2,350 / 1,900DOM:44 / 17New:0Total:2
6 Beds
Avg:$9,800Median:$9,800Range:$9,800 – $9,800PSF:—Sq Ft:—DOM:14 / 14New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,426 | $1,392 | $795 – $2,320 | $4 / $4 | 482 / 418 | 56 / 23 | 30 | 441 |
| 1 Beds | $1,924 | $1,850 | $795 – $9,999 | $3 / $3 | 701 / 680 | 47 / 21 | 73 | 537 |
| 2 Beds | $2,645 | $2,575 | $1,300 – $4,595 | $3 / $3 | 1,021 / 962 | 46 / 22 | 29 | 287 |
| 3 Beds | $3,707 | $3,550 | $2,400 – $8,000 | $3 / $3 | 1,522 / 1,404 | 49 / 17 | 10 | 62 |
| 4 Beds | $3,650 | $3,500 | $3,500 – $3,800 | $2 / $1 | 2,350 / 1,900 | 44 / 17 | 0 | 2 |
| 6 Beds | $9,800 | $9,800 | $9,800 – $9,800 | — | — | 14 / 14 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$314,900Median DOM:43New:27Total:195
Jan 2026
Median Price:$299,990Median DOM:36New:43Total:168
Feb 2026
Median Price:$325,000Median DOM:14New:69Total:147
Mar 2026
Median Price:$330,000Median DOM:11New:77Total:180
Apr 2026
Median Price:$345,000Median DOM:9New:81Total:210
May 2026
Median Price:$350,000Median DOM:8New:25Total:207
6-Month Rental Trend
Dec 2025
Median Rent:$1,595Median DOM:51New:144Total:768
Jan 2026
Median Rent:$1,600Median DOM:43New:172Total:809
Feb 2026
Median Rent:$1,675Median DOM:27New:248Total:983
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:$1,850Median DOM:22New:142Total:1,330
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing increased, 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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