Market Intelligence · IL / Chicago

Chicago, IL 60631 Housing Market

The typical home value in Chicago, IL 60631 is $465,347, up 8.9% over the past year. The median list price is $534,950, and homes are spending a median of 35 days on the market. These figures are as of 2026-08-01.

Updated August 2026Median value$465K

The median home value in Chicago, IL 60631 is $465K as of August 2026, up 8.9% 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 60631 range

$428K to $503K

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

+8.9% over 12 months

Typical home value in 60631 over the last 12 months: $427K in Aug 2025 to $465K in Aug 2026 (+8.9%).

Aug 2025$427K

Aug 2026$465K

The numbers

What is the 60631 housing market like?

Typical home value

$465K

Up8.9%YoY

Median list price

$535K

Up1.2%MoM

Days on market

35

Up45.8%MoM

Homes for sale

25

Down16.7%MoM

Price cuts

4.5%

Down21.8%MoM

New listings

24

Down7.7%MoM

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

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The comparison

How do 60631 home prices compare?

  • 60631$465,347
  • 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

Chicago, IL 60631 is showing solid value growth, with the typical home value at $465,347, up 8.9% over the past year. Sellers are listing at a median price of $534,950, and homes are moving in a median of 35 days. There are 25 homes for sale and 24 new listings, so buyers have some choice without a flood of supply. Only 4.5% of listings have taken a price cut, which suggests most sellers are pricing close to what buyers will pay. For a seller, the data points to a market that rewards a realistic asking price from day one.

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