ZIP 60656 Housing Market Report
Chicago Metro
Report period: August 2026
60656 Monthly Market Update – August 2026
ZIP 60656 · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$425,000
+1.2%
Median DOM (Sales)
4
−33.3%
New Listings (Sales)
16
−44.8%
Median Rent
$1,850
0.0%
Median DOM (Rental)
24
+33.3%
Total Rental Listings
35
−5.4%
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 (1 DOM)
- Fastest renting: Single Family (21 DOM)
- Strongest bedroom: 6 Beds ($947,000 median)
Sales Market Overview
Median Price
$425,000
+1.2%
Median DOM
4
−33.3%
New Listings
16
−44.8%
Inventory
73
−3.9%
- Average Price: $439,425
- Median Price: $425,000
- Price Range: $129,000 – $1,299,000
- Price per Sq Ft (Avg/Median): $281 / $256
- Square Footage (Avg/Median): 1,533 / 1,248
- Square Footage Range: 450 – 4,500
- Days on Market (Avg/Median): 28 / 4
- Days on Market Range: 1 – 363
- New Listings: 16
- Total Listings: 73
Sales by Property Type
Condo
Avg/Median Price$239,948 / $219,000Range$129,000 – $610,000Price per Sq Ft$230 / $222Sq Ft1,042 / 1,000DOM33 / 5New7Total29
Land
Avg/Median Price$749,000 / $749,000Range$749,000 – $749,000Price per Sq Ft—Sq Ft—DOM334 / 334New0Total1
Multi-Family
Avg/Median Price$899,000 / $899,000Range$899,000 – $899,000Price per Sq Ft—Sq Ft—DOM1 / 1New0Total1
Single Family
Avg/Median Price$558,845 / $499,999Range$299,000 – $1,299,000Price per Sq Ft$317 / $310Sq Ft1,876 / 1,650DOM18 / 1New9Total42
Sales by Bedroom Count
Studio
Avg:$135,000Median:$135,000Range:$135,000 – $135,000PSF:$300 / $300Sq Ft:450 / 450DOM:1 / 1New:1Total:1
1 Beds
Avg:$157,857Median:$163,000Range:$129,000 – $179,000PSF:$214 / $190Sq Ft:746 / 700DOM:5 / 1New:0Total:7
2 Beds
Avg:$304,352Median:$250,000Range:$194,900 – $539,900PSF:$269 / $237Sq Ft:1,131 / 1,100DOM:21 / 7New:6Total:29
3 Beds
Avg:$533,440Median:$495,000Range:$299,000 – $700,000PSF:$328 / $327Sq Ft:1,678 / 1,623DOM:31 / 1New:5Total:20
4 Beds
Avg:$595,364Median:$564,900Range:$369,900 – $799,000PSF:$273 / $245Sq Ft:2,224 / 2,266DOM:26 / 1New:3Total:11
5 Beds
Avg:$900,000Median:$900,000Range:$900,000 – $900,000PSF:$279 / $279Sq Ft:3,229 / 3,229DOM:1 / 1New:1Total:1
6 Beds
Avg:$1,123,000Median:$947,000Range:$947,000 – $1,299,000PSF:$259 / $230Sq Ft:4,309 / 4,118DOM:81 / 75New:0Total:2
8 Beds
Avg:$899,000Median:$899,000Range:$899,000 – $899,000PSF:—Sq Ft:—DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $135,000 | $135,000 | $135,000 – $135,000 | $300 / $300 | 450 / 450 | 1 / 1 | 1 | 1 |
| 1 Beds | $157,857 | $163,000 | $129,000 – $179,000 | $214 / $190 | 746 / 700 | 5 / 1 | 0 | 7 |
| 2 Beds | $304,352 | $250,000 | $194,900 – $539,900 | $269 / $237 | 1,131 / 1,100 | 21 / 7 | 6 | 29 |
| 3 Beds | $533,440 | $495,000 | $299,000 – $700,000 | $328 / $327 | 1,678 / 1,623 | 31 / 1 | 5 | 20 |
| 4 Beds | $595,364 | $564,900 | $369,900 – $799,000 | $273 / $245 | 2,224 / 2,266 | 26 / 1 | 3 | 11 |
| 5 Beds | $900,000 | $900,000 | $900,000 – $900,000 | $279 / $279 | 3,229 / 3,229 | 1 / 1 | 1 | 1 |
| 6 Beds | $1,123,000 | $947,000 | $947,000 – $1,299,000 | $259 / $230 | 4,309 / 4,118 | 81 / 75 | 0 | 2 |
| 8 Beds | $899,000 | $899,000 | $899,000 – $899,000 | — | — | 1 / 1 | 0 | 1 |
Rental Market Overview
Median Rent
$1,850
0.0%
Median DOM
24
+33.3%
New Listings
0
Inventory
35
−5.4%
- Average Rent: $2,197
- Median Rent: $1,850
- Rent Range: $1,350 – $7,895
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,038 / 1,000
- Square Footage Range: 465 – 2,100
- Days on Market (Avg/Median): 59 / 24
- Days on Market Range: 2 – 280
- New Listings: 0
- Total Listings: 35
Rentals by Property Type
Apartment
$1,595
Median DOM: 90
Inventory: 7
MoM: 0.0%
Condo
$1,750
Median DOM: 25
Inventory: 12
MoM: 0.0%
Single Family
$1,975
Median DOM: 21
Inventory: 16
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$1,999 / $1,595Range$1,350 – $3,000Rent per Sq Ft$2 / $2Sq Ft1,118 / 1,050DOM140 / 90New0Total7
Condo
Avg/Median Rent$1,849 / $1,750Range$1,500 – $2,800Rent per Sq Ft$2 / $2Sq Ft936 / 900DOM44 / 25New0Total12
Single Family
Avg/Median Rent$2,545 / $1,975Range$1,350 – $7,895Rent per Sq Ft$3 / $2Sq Ft1,073 / 1,000DOM33 / 21New0Total16
Rentals by Bedroom Count
Studio
Avg:$1,525Median:$1,350Range:$1,350 – $1,700PSF:$3 / $3Sq Ft:484 / 465DOM:82 / 74New:0Total:2
1 Beds
Avg:$1,529Median:$1,550Range:$1,350 – $1,645PSF:$2 / $2Sq Ft:746 / 730DOM:44 / 15New:0Total:5
2 Beds
Avg:$2,223Median:$1,850Range:$1,595 – $7,895PSF:$2 / $2Sq Ft:1,026 / 1,000DOM:74 / 29New:0Total:20
3 Beds
Avg:$2,719Median:$2,800Range:$1,800 – $3,800PSF:$2 / $2Sq Ft:1,425 / 1,214DOM:21 / 15New:0Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,525 | $1,350 | $1,350 – $1,700 | $3 / $3 | 484 / 465 | 82 / 74 | 0 | 2 |
| 1 Beds | $1,529 | $1,550 | $1,350 – $1,645 | $2 / $2 | 746 / 730 | 44 / 15 | 0 | 5 |
| 2 Beds | $2,223 | $1,850 | $1,595 – $7,895 | $2 / $2 | 1,026 / 1,000 | 74 / 29 | 0 | 20 |
| 3 Beds | $2,719 | $2,800 | $1,800 – $3,800 | $2 / $2 | 1,425 / 1,214 | 21 / 15 | 0 | 8 |
6-Month Sales Trend
Mar 2026
Median Price:$399,900Median DOM:14New:24Total:61
Apr 2026
Median Price:$399,900Median DOM:9New:28Total:68
May 2026
Median Price:$415,000Median DOM:8New:37Total:83
Jun 2026
Median Price:$415,000Median DOM:7New:41Total:96
Jul 2026
Median Price:$420,000Median DOM:6New:29Total:76
Aug 2026
Median Price:$425,000Median DOM:4New:16Total:73
6-Month Rental Trend
Mar 2026
Median Rent:$1,795Median DOM:51New:9Total:43
Apr 2026
Median Rent:$1,850Median DOM:45New:10Total:47
May 2026
Median Rent:$1,800Median DOM:34New:12Total:42
Jun 2026
Median Rent:$1,795Median DOM:30New:10Total:42
Jul 2026
Median Rent:$1,850Median DOM:18New:11Total:37
Aug 2026
Median Rent:$1,850Median DOM:24New:0Total:35
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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