Market Intelligence · IL / Chicago

Chicago, IL 60602 Housing Market

Typical home value in Chicago, IL 60602 is $296,968, down 7.5% over the past year. The median list price sits at $375,000, with homes spending a median of 35 days on market as of September 2026.

Updated September 2026Median value$297K

The median home value in Chicago, IL 60602 is $297K as of September 2026, down 7.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 60602 range

$273K to $321K

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

-7.5% over 12 months

Typical home value in 60602 over the last 12 months: $321K in Sep 2025 to $297K in Sep 2026 (-7.5%).

Sep 2025$321K

Sep 2026$297K

The numbers

What is the 60602 housing market like?

Typical home value

$297K

Down7.5%YoY

Median list price

$375K

Down4.2%MoM

Days on market

35

Down12.5%MoM

Homes for sale

6

Up20.0%MoM

Price cuts

0.0%

New listings

2

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

The outlook

60602 housing market forecast 2027

+0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60602 to rise 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 60602 fell 7.5%, per the Zillow Home Value Index.

Will home prices drop in 60602?

Zillow's forecast does not call for a drop: it expects typical home values in 60602 to rise 0.5% by September 2027, after a 7.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 60602 home prices compare?

  • 60602$296,968
  • Chicago$334,866
  • Illinois$194,737
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Chicago: 56 ZIPs; Illinois: 1,084 ZIPs; United States: 26,262 ZIPs).

Context

Chicago, IL 60602 remains a thin market with just 6 homes for sale and only 2 new listings as of September 2026. The median days on market of 35 suggests properties are taking time to find buyers, and the recent 7.5% decline in typical home value reflects broader pressure on prices in this area. None of the listed homes have had price cuts, which is noteworthy given the downward trend in values. For sellers, this combination of fewer buyers, longer marketing periods, and declining values suggests caution before listing.

Monthly payment

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Common questions

What people ask us.

What is the typical home value in 60602?

Typical home value in Chicago, IL 60602 is $296,968 as of September 2026, down 7.5% over the past year.

How many homes are currently for sale in 60602?

As of September 2026, there are 6 homes for sale in Chicago, IL 60602, with 2 new listings.

How long do homes stay on the market in 60602?

The median days on market in Chicago, IL 60602 is 35 days as of September 2026.

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