Market Intelligence · IL / Chicago

Chicago, IL 60616 Housing Market

The typical home value in Chicago's 60616 ZIP code is $338,788, down 1.5% over the past year. The median list price sits at $344,975, and homes are taking a median of 33 days on market as of June 1, 2026.

Updated June 2026Median value$339K

The median home value in Chicago, IL 60616 is $339K as of June 2026, down 1.5% 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 60616 range

$312K to $366K

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

-1.5% over 12 months

Typical home value in 60616 over the last 12 months: $344K in Jun 2025 to $339K in Jun 2026 (-1.5%).

Jun 2025$344K

Jun 2026$339K

The numbers

What is the 60616 housing market like?

Typical home value

$339K

Down1.5%YoY

Median list price

$345K

Days on market

33

Down37.7%MoM

Homes for sale

87

Price cuts

9.8%

New listings

46

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 60616 home prices compare?

  • 60616$338,788
  • Chicago$338,768
  • Illinois$196,082
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Chicago: 56 ZIPs; Illinois: 1,083 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 87 homes for sale in 60616, with 46 new listings added. The median list price was $344,975, while the typical home value stood at $338,788, down 1.5% over the past year. Homes were spending a median of 33 days on market, and 9.8% of listings had a price cut. Sellers here should price carefully and expect a market that has softened over the past year.

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