Market Intelligence · IL / Chicago

Chicago, IL 60638 Housing Market

The typical home value in Chicago's 60638 ZIP is $327,129, up 6.4% over the past year. Homes here list at a median of $374,475 and spend a median of 31 days on market.

Updated September 2026Median value$327K

The median home value in Chicago, IL 60638 is $327K as of September 2026, up 6.4% 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 60638 range

$301K to $353K

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

+6.4% over 12 months

Sep 2025$308K

Low $308KHigh $327K

Sep 2026$327K

The numbers

What is the 60638 housing market like?

As of September 2026

Typical home value

$327K

6.4%YoY

Median list price

$374K

0.8%MoM

Days on market

0.0%MoM

Homes for sale

0.0%MoM

Price cuts

12.8%

11.1%MoM

New listings

9.1%MoM

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

The outlook

60638 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60638 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 60638 rose 6.4%, per the Zillow Home Value Index.

Will home prices drop in 60638?

Zillow's forecast does not call for a drop: it expects typical home values in 60638 to rise 2.5% by September 2027, after a 6.4% 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 60638 home prices compare?

60638$327,129
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

There are 59 homes for sale as of September 2026, with 40 new listings added recently. The market is moving at a moderate pace, with homes staying listed for a median of 31 days before finding buyers. About 12.8% of listings have seen price cuts, which suggests some sellers are adjusting expectations. The gap between typical home value and median list price reflects the mix of properties available. For sellers, this is a market where pricing matters more than it did a year ago.

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Down payment20% · $65,426

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Common questions

What people ask us.

What is a typical home value in 60638?

The typical home value in this ZIP is $327,129, up 6.4% from the prior year.

How long do homes typically stay on the market here?

The median days on market is 31 as of September 2026.

What percentage of homes have had price cuts?

About 12.8% of active listings have had a price reduction.

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