Market Intelligence · IL / Chicago

Chicago, IL 60623 Housing Market

Homes in Chicago's 60623 ZIP typically sell for $227,958, up 3.8% over the past year. The median list price stands at $272,000, with homes staying on market for a median of 73 days as of September 2026.

Updated September 2026Median value$228K

The median home value in Chicago, IL 60623 is $228K as of September 2026, up 3.8% 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 60623 range

$210K to $246K

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

+3.8% over 12 months

Sep 2025$220K

Low $216KHigh $228K

Sep 2026$228K

The numbers

What is the 60623 housing market like?

As of September 2026

Typical home value

$228K

3.8%YoY

Median list price

$272K

2.8%MoM

Days on market

23.7%MoM

Homes for sale

14.3%MoM

Price cuts

8.6%

22.6%MoM

New listings

50.0%MoM

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

The outlook

60623 housing market forecast 2027

+3.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60623 to rise 3.2% by September 2027.

Over the 12 months through September 2026, typical home values in 60623 rose 3.8%, per the Zillow Home Value Index.

Will home prices drop in 60623?

Zillow's forecast does not call for a drop: it expects typical home values in 60623 to rise 3.2% by September 2027, after a 3.8% rise 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 60623 home prices compare?

60623$227,958
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 60623 market is showing modest stability. There are currently 24 homes for sale, with 12 new listings added in September 2026. About 8.6% of listings have received price cuts, suggesting some sellers are adjusting to market conditions. With homes averaging 73 days on market, the pace is deliberate but not stalled. For sellers, this is a market where pricing strategy and presentation matter more than raw demand.

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Common questions

What people ask us.

What is a typical home value in 60623?

As of September 2026, the typical home value is $227,958, which represents a 3.8% increase over the past year.

How long do homes stay on market in 60623?

The median days on market is 73 as of September 2026.

How many homes are currently for sale in 60623?

There are 24 homes for sale as of September 2026, with 12 new listings in that same month.

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