How much is a home in 60616 worth?

The typical home value in 60616 is $335,833 as of 2026-08-01. That figure is down 0.8% over the past year.

How fast do homes sell in 60616?

Homes in 60616 spend a median of 33 days on the market. There were 109 homes for sale and 48 new listings as of 2026-08-01.

Are sellers cutting prices in 60616?

As of 2026-08-01, 12.9% of listings in 60616 had a price cut. The median list price is $339,950.

Market Intelligence · IL / Chicago

Chicago, IL 60616 Housing Market

The typical home value in Chicago, IL 60616 is $335,833, down 0.8% over the past year. The median list price is $339,950, and homes spend a median of 33 days on the market. There are 109 homes for sale as of 2026-08-01.

Updated August 2026Median value$336K

The median home value in Chicago, IL 60616 is $336K as of August 2026, down 0.8% 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

$309K to $363K

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

-0.8% over 12 months

Aug 2025$339K

Low $336KHigh $340K

Aug 2026$336K

The numbers

What is the 60616 housing market like?

As of August 2026

Typical home value

$336K

0.8%YoY

Median list price

$340K

2.9%MoM

Days on market

13.2%MoM

Homes for sale

109

13.5%MoM

Price cuts

12.9%

12.8%MoM

New listings

20.0%MoM

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

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The comparison

How do 60616 home prices compare?

60616$335,833
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

Sellers in 60616 are asking a median of $339,950, slightly above the typical home value of $335,833. That typical value is down 0.8% over the past year, so prices have softened modestly rather than climbed. Homes are moving at a reasonable pace, with a median of 33 days on market, and 48 new listings came on as of 2026-08-01. Only 12.9% of listings carry a price cut, which suggests most sellers are pricing close to what buyers will pay. For a seller, the honest read is that this is a stable market where realistic pricing matters more than timing.

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