Market Intelligence · IL / Chicago

Chicago, IL 60616 Housing Market

The typical home value in Chicago 60616 stands at $337,788, down 0.4% over the past year. Median list price sits at $349,900, with homes averaging 42 days on market as of September 2026.

Updated September 2026Median value$338K

The median home value in Chicago, IL 60616 is $338K as of September 2026, down 0.4% 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 60616 range

$311K to $365K

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

-0.4% over 12 months

Sep 2025$339K

Low $337KHigh $341K

Sep 2026$338K

The numbers

What is the 60616 housing market like?

As of September 2026

Typical home value

$338K

0.4%YoY

Median list price

$350K

2.9%MoM

Days on market

27.3%MoM

Homes for sale

103

5.5%MoM

Price cuts

11.5%

10.8%MoM

New listings

12.5%MoM

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

The outlook

60616 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60616 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 60616 fell 0.4%, per the Zillow Home Value Index.

Will home prices drop in 60616?

Zillow's forecast does not call for a drop: it expects typical home values in 60616 to rise 1.5% by September 2027, after a 0.4% 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 60616 home prices compare?

60616$337,788
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

The ZIP has 103 homes for sale as of September 2026, with 42 new listings added recently. The median days on market of 42 suggests a moderate pace of sales activity. About 11.5% of listings have seen a price cut, indicating some seller adjustment in response to the slight decline in typical home values over the past year. For someone considering a sale, conditions are neither rushed nor stalled, but the data suggests patience may be rewarded.

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Down payment20% · $67,558

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Common questions

What people ask us.

What is the typical home value in 60616?

The typical home value is $337,788, down 0.4% over the past year as of September 2026.

How many homes are currently for sale in 60616?

There are 103 homes for sale as of September 2026, with 42 new listings recently added.

How long do homes typically stay on market in 60616?

The median days on market is 42 as of September 2026.

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