Market Intelligence · IL / Chicago

Chicago, IL 60623 Housing Market

The typical home value in Chicago's 60623 ZIP code is $226,247, up 2.4% over the past year as of 2026-08-01. The median list price sits at $279,900, and homes spend a median of 59 days on market. That gap between typical value and asking price is worth understanding before you sell.

Updated August 2026Median value$226K

The median home value in Chicago, IL 60623 is $226K as of August 2026, up 2.4% 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 60623 range

$208K to $244K

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

+2.4% over 12 months

Typical home value in 60623 over the last 12 months: $221K in Aug 2025 to $226K in Aug 2026 (+2.4%).

Aug 2025$221K

Aug 2026$226K

The numbers

What is the 60623 housing market like?

Typical home value

$226K

Up2.4%YoY

Median list price

$280K

Down4.9%MoM

Days on market

59

Down20.3%MoM

Homes for sale

21

Up5.0%MoM

Price cuts

11.1%

Up99.8%MoM

New listings

8

Up33.3%MoM

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

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The comparison

How do 60623 home prices compare?

  • 60623$226,247
  • 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

As of 2026-08-01, there are 21 homes for sale in 60623, with 8 new listings hitting the market. The median list price is $279,900, while the typical home value is $226,247, up 2.4% over the past year. Homes take a median of 59 days to sell. Only 11.1% of listings have taken a price cut, so most sellers are holding to their asking prices rather than chasing buyers down. For a seller, the market is moving at a measured pace, so pricing accurately from day one matters more than testing the high end.

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