ZIP 60647 Housing Market Report
Chicago Metro
Report period: August 2026
60647 Monthly Market Update – August 2026
ZIP 60647 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$659,000
0.0%
Median DOM (Sales)
5
−28.6%
New Listings (Sales)
64
−40.7%
Median Rent
$2,195
0.0%
Median DOM (Rental)
29
+16.0%
Total Rental Listings
1,082
+1.6%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Land (1 DOM)
- Fastest renting: Townhouse (6 DOM)
- Strongest bedroom: 7 Beds ($1,089,999 median)
Sales Market Overview
Median Price
$659,000
0.0%
Median DOM
5
−28.6%
New Listings
64
−40.7%
Inventory
236
−5.2%
- Average Price: $823,984
- Median Price: $659,000
- Price Range: $9,500 – $6,500,000
- Price per Sq Ft (Avg/Median): $393 / $379
- Square Footage (Avg/Median): 2,038 / 1,631
- Square Footage Range: 600 – 6,400
- Days on Market (Avg/Median): 18 / 5
- Days on Market Range: 1 – 310
- New Listings: 64
- Total Listings: 236
Sales by Property Type
Condo
Avg/Median Price$600,628 / $555,000Range$194,000 – $1,300,000Price per Sq Ft$386 / $379Sq Ft1,609 / 1,400DOM10 / 5New30Total109
Land
Avg/Median Price$1,077,781 / $350,000Range$9,500 – $6,500,000Price per Sq Ft—Sq Ft—DOM61 / 1New4Total16
Multi-Family
Avg/Median Price$833,129 / $775,000Range$400,000 – $1,999,999Price per Sq Ft$379 / $379Sq Ft2,372 / 2,372DOM32 / 16New8Total45
Single Family
Avg/Median Price$1,181,326 / $935,000Range$310,000 – $4,850,000Price per Sq Ft$406 / $383Sq Ft2,709 / 2,600DOM19 / 1New20Total57
Townhouse
Avg/Median Price$768,989 / $720,000Range$559,999 – $995,000Price per Sq Ft$385 / $360Sq Ft2,076 / 2,000DOM5 / 3New2Total9
Sales by Bedroom Count
1 Beds
Avg:$381,114Median:$399,000Range:$224,900 – $489,000PSF:$417 / $416Sq Ft:1,081 / 950DOM:13 / 1New:1Total:7
2 Beds
Avg:$489,434Median:$494,900Range:$194,000 – $800,000PSF:$420 / $400Sq Ft:1,211 / 1,228DOM:10 / 6New:14Total:59
3 Beds
Avg:$778,221Median:$729,900Range:$310,000 – $1,650,000PSF:$377 / $360Sq Ft:2,088 / 1,978DOM:14 / 4New:22Total:71
4 Beds
Avg:$1,062,793Median:$965,000Range:$440,000 – $2,699,000PSF:$390 / $347Sq Ft:2,715 / 2,966DOM:20 / 5New:9Total:30
5 Beds
Avg:$1,169,562Median:$950,000Range:$495,000 – $2,195,000PSF:$366 / $355Sq Ft:4,240 / 3,800DOM:24 / 1New:5Total:16
6 Beds
Avg:$903,000Median:$649,999Range:$400,000 – $2,999,000PSF:$501 / $377Sq Ft:3,460 / 2,120DOM:30 / 10New:4Total:19
7 Beds
Avg:$1,452,222Median:$1,089,999Range:$635,000 – $4,850,000PSF:$250 / $250Sq Ft:2,604 / 2,604DOM:26 / 1New:3Total:9
8 Beds
Avg:$1,065,989Median:$1,045,000Range:$650,000 – $1,999,999PSF:$379 / $379Sq Ft:2,372 / 2,372DOM:21 / 11New:2Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $381,114 | $399,000 | $224,900 – $489,000 | $417 / $416 | 1,081 / 950 | 13 / 1 | 1 | 7 |
| 2 Beds | $489,434 | $494,900 | $194,000 – $800,000 | $420 / $400 | 1,211 / 1,228 | 10 / 6 | 14 | 59 |
| 3 Beds | $778,221 | $729,900 | $310,000 – $1,650,000 | $377 / $360 | 2,088 / 1,978 | 14 / 4 | 22 | 71 |
| 4 Beds | $1,062,793 | $965,000 | $440,000 – $2,699,000 | $390 / $347 | 2,715 / 2,966 | 20 / 5 | 9 | 30 |
| 5 Beds | $1,169,562 | $950,000 | $495,000 – $2,195,000 | $366 / $355 | 4,240 / 3,800 | 24 / 1 | 5 | 16 |
| 6 Beds | $903,000 | $649,999 | $400,000 – $2,999,000 | $501 / $377 | 3,460 / 2,120 | 30 / 10 | 4 | 19 |
| 7 Beds | $1,452,222 | $1,089,999 | $635,000 – $4,850,000 | $250 / $250 | 2,604 / 2,604 | 26 / 1 | 3 | 9 |
| 8 Beds | $1,065,989 | $1,045,000 | $650,000 – $1,999,999 | $379 / $379 | 2,372 / 2,372 | 21 / 11 | 2 | 9 |
Rental Market Overview
Median Rent
$2,195
0.0%
Median DOM
29
+16.0%
New Listings
78
Inventory
1,082
+1.6%
- Average Rent: $2,350
- Median Rent: $2,195
- Rent Range: $1,000 – $8,917
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 907 / 728
- Square Footage Range: 284 – 10,000
- Days on Market (Avg/Median): 58 / 29
- Days on Market Range: 1 – 365
- New Listings: 78
- Total Listings: 1,082
Rentals by Property Type
Apartment
$2,095
Median DOM: 32
Inventory: 842
MoM: 0.0%
Condo
$2,495
Median DOM: 27
Inventory: 153
MoM: 0.0%
Single Family
$2,600
Median DOM: 14
Inventory: 72
MoM: 0.0%
Townhouse
$3,900
Median DOM: 6
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$2,260 / $2,095Range$1,000 – $8,917Rent per Sq Ft$3 / $3Sq Ft832 / 696DOM65 / 32New55Total842
Condo
Avg/Median Rent$2,641 / $2,495Range$1,050 – $4,995Rent per Sq Ft$3 / $3Sq Ft1,225 / 950DOM48 / 27New9Total153
Multi-Family
Avg/Median Rent$2,032 / $1,395Range$1,250 – $3,750Rent per Sq Ft$3 / $4Sq Ft728 / 508DOM77 / 13New0Total13
Single Family
Avg/Median Rent$2,799 / $2,600Range$1,200 – $7,500Rent per Sq Ft$2 / $2Sq Ft1,246 / 1,000DOM28 / 14New13Total72
Townhouse
Avg/Median Rent$4,050 / $3,900Range$3,900 – $4,200Rent per Sq Ft$3 / $3Sq Ft1,500 / 1,500DOM11 / 6New1Total2
Rentals by Bedroom Count
Studio
Avg:$1,536Median:$1,495Range:$1,095 – $3,995PSF:$4 / $4Sq Ft:545 / 388DOM:63 / 30New:16Total:283
1 Beds
Avg:$2,149Median:$2,095Range:$1,000 – $4,200PSF:$3 / $3Sq Ft:760 / 650DOM:70 / 33New:17Total:343
2 Beds
Avg:$2,728Median:$2,695Range:$1,100 – $4,616PSF:$3 / $3Sq Ft:1,052 / 1,000DOM:51 / 22New:28Total:290
3 Beds
Avg:$3,344Median:$3,295Range:$1,860 – $5,000PSF:$2 / $2Sq Ft:1,528 / 1,400DOM:41 / 22New:15Total:146
4 Beds
Avg:$4,218Median:$3,950Range:$2,950 – $7,008PSF:$2 / $2Sq Ft:2,091 / 1,800DOM:88 / 17New:2Total:16
5 Beds
Avg:$6,179Median:$4,300Range:$4,000 – $8,917PSF:$2 / $2Sq Ft:2,809 / 2,000DOM:97 / 17New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,536 | $1,495 | $1,095 – $3,995 | $4 / $4 | 545 / 388 | 63 / 30 | 16 | 283 |
| 1 Beds | $2,149 | $2,095 | $1,000 – $4,200 | $3 / $3 | 760 / 650 | 70 / 33 | 17 | 343 |
| 2 Beds | $2,728 | $2,695 | $1,100 – $4,616 | $3 / $3 | 1,052 / 1,000 | 51 / 22 | 28 | 290 |
| 3 Beds | $3,344 | $3,295 | $1,860 – $5,000 | $2 / $2 | 1,528 / 1,400 | 41 / 22 | 15 | 146 |
| 4 Beds | $4,218 | $3,950 | $2,950 – $7,008 | $2 / $2 | 2,091 / 1,800 | 88 / 17 | 2 | 16 |
| 5 Beds | $6,179 | $4,300 | $4,000 – $8,917 | $2 / $2 | 2,809 / 2,000 | 97 / 17 | 0 | 4 |
6-Month Sales Trend
Mar 2026
Median Price:$699,900Median DOM:8New:88Total:212
Apr 2026
Median Price:$699,999Median DOM:8New:111Total:251
May 2026
Median Price:$699,900Median DOM:9New:108Total:273
Jun 2026
Median Price:$699,000Median DOM:8New:106Total:272
Jul 2026
Median Price:$659,000Median DOM:7New:108Total:249
Aug 2026
Median Price:$659,000Median DOM:5New:64Total:236
6-Month Rental Trend
Mar 2026
Median Rent:$2,190Median DOM:21New:256Total:908
Apr 2026
Median Rent:$2,195Median DOM:18New:227Total:1,002
May 2026
Median Rent:$2,195Median DOM:19New:228Total:990
Jun 2026
Median Rent:$2,195Median DOM:26New:222Total:1,000
Jul 2026
Median Rent:$2,195Median DOM:25New:260Total:1,065
Aug 2026
Median Rent:$2,195Median DOM:29New:78Total:1,082
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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.
600046000560007600086001060016600186002560026600296004360053600566006060062600676006860070600746007660077600896009060091601016010360104601066010760108+168 more
← Back to Chicago Metro