Market Intelligence · IL / Chicago

Chicago, IL 60631 Housing Market

The typical home value in Chicago's 60631 ZIP is $461,054, up 9.3% over the past year. Homes are listing at a median of $507,000 and selling after 27 days on market.

Updated September 2026Median value$461K

The median home value in Chicago, IL 60631 is $461K as of September 2026, up 9.3% 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 60631 range

$424K to $498K

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

+9.3% over 12 months

Sep 2025$422K

Low $422KHigh $461K

Sep 2026$461K

The numbers

What is the 60631 housing market like?

As of September 2026

Typical home value

$461K

9.3%YoY

Median list price

$507K

5.2%MoM

Days on market

22.9%MoM

Homes for sale

44.0%MoM

Price cuts

11.1%

144.2%MoM

New listings

41.7%MoM

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

The outlook

60631 housing market forecast 2027

+2.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60631 to rise 2.6% by September 2027.

Over the 12 months through September 2026, typical home values in 60631 rose 9.3%, per the Zillow Home Value Index.

Will home prices drop in 60631?

Zillow's forecast does not call for a drop: it expects typical home values in 60631 to rise 2.6% by September 2027, after a 9.3% 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 60631 home prices compare?

60631$461,054
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

September 2026 shows steady activity in 60631, with 36 homes for sale and 34 new listings coming to market. The median list price of $507,000 sits above the typical home value, a gap worth noting for sellers. Homes are moving in 27 days on average, which is moderate. About 11.1% of listings have seen a price cut, suggesting some sellers are adjusting to market realities. For a homeowner considering a sale, the uptick in home values masks a market where negotiation room exists.

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Down payment20% · $92,211

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Common questions

What people ask us.

What is a typical home worth in 60631?

The typical home value in 60631 is $461,054, up 9.3% over the past year.

How long do homes stay on the market in 60631?

Homes in 60631 sell after a median of 27 days on market as of September 2026.

Are there many homes for sale in 60631?

There are 36 homes for sale, with 34 new listings entering the market in September 2026.

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Nearby ZIP markets.

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