Home ValuePros

Market Intelligence · IL / Chicago

Chicago, IL 60601 Housing Market

Typical home value in Chicago 60601 stands at $410,666, down 0.5% over the past year. The median list price is $712,000, with homes spending 56 days on market.

Updated August 2026Median value$398K

The median home value in Chicago, IL 60601 is $398K as of August 2026, down 0.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 60601 range

$367K to $430K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.9% over 12 months

Typical home value in 60601 over the last 12 months: $402K in Aug 2025 to $398K in Aug 2026 (-0.9%).

Aug 2025$402K

Aug 2026$398K

The numbers

What is the 60601 housing market like?

Typical home value

$398K

Down0.9%YoY

Median list price

$712K

Up26.9%MoM

Days on market

56

Up19.1%MoM

Homes for sale

85

Down19.0%MoM

Price cuts

5.2%

Down53.5%MoM

New listings

24

Down29.4%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 60601 home prices compare?

  • 60601$398,466
  • Chicago$335,515
  • Illinois$197,608
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Chicago: 56 ZIPs; Illinois: 1,084 ZIPs; United States: 26,265 ZIPs).

Context

There are 85 homes for sale as of August 2026, with 24 new listings arriving recently. The median days on market of 56 suggests a moderate pace of activity. Only 5.2% of listings have seen a price cut, indicating most sellers are holding firm on their asking prices. The modest decline in typical home value over the past year suggests this is a balanced market, neither strongly favoring buyers nor sellers.

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