Home ValuePros

Market Intelligence · IL / Chicago

Chicago, IL 60602 Housing Market

The typical home value in Chicago 60602 is $295,141, down 8.3% over the past year. Homes here are listed at a median price of $391,500 and spend a median 40 days on the market.

Updated August 2026Median value$299K

The median home value in Chicago, IL 60602 is $299K as of August 2026, down 8.0% 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 60602 range

$275K to $323K

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

-8.0% over 12 months

Typical home value in 60602 over the last 12 months: $325K in Aug 2025 to $299K in Aug 2026 (-8.0%).

Aug 2025$325K

Aug 2026$299K

The numbers

What is the 60602 housing market like?

Typical home value

$299K

Down8.0%YoY

Median list price

$392K

Down35.3%MoM

Days on market

40

Down44.4%MoM

Homes for sale

5

Down28.6%MoM

Price cuts

0.0%

New listings

0

Down100.0%MoM

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

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The comparison

How do 60602 home prices compare?

  • 60602$299,452
  • 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

The 60602 ZIP currently has 5 homes for sale, with no new listings added as of August 2026. Those properties are taking about 40 days to move, and the median asking price sits at $391,500. Meanwhile, the typical home value has declined 8.3% over the past year to $295,141. The gap between list prices and underlying home values reflects a market where sellers are pricing optimistically, but actual transactions may tell a different story.

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