Market Intelligence · IL / Chicago

Chicago, IL 60640 Housing Market

The typical home in Chicago's 60640 ZIP is worth $373,521, up 4.7% over the past year. The median list price sits at $289,250, with homes moving in 24 days on average.

Updated September 2026Median value$374K

The median home value in Chicago, IL 60640 is $374K as of September 2026, up 4.7% 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 60640 range

$344K to $403K

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

+4.7% over 12 months

Sep 2025$357K

Low $353KHigh $374K

Sep 2026$374K

The numbers

What is the 60640 housing market like?

As of September 2026

Typical home value

$374K

4.7%YoY

Median list price

$289K

11.0%MoM

Days on market

14.3%MoM

Homes for sale

9.7%MoM

Price cuts

4.8%

31.8%MoM

New listings

12.5%MoM

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

The outlook

60640 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60640 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 60640 rose 4.7%, per the Zillow Home Value Index.

Will home prices drop in 60640?

Zillow's forecast does not call for a drop: it expects typical home values in 60640 to rise 2.1% by September 2027, after a 4.7% 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 60640 home prices compare?

60640$373,521
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

As of September 2026, there are 68 homes for sale in 60640, with 54 new listings added recently. The median days on market of 24 suggests steady buyer interest, though price cuts remain rare at 4.8% of listings. The year-over-year appreciation of 4.7% reflects underlying demand, even as supply and market velocity tell a measured story. For sellers, this is a stable market rather than a hot one, where pricing accurately and early matter more than waiting for bidding wars.

Monthly payment

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Home price

Down payment20% · $74,704

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Common questions

What people ask us.

What is a typical home worth in 60640?

The typical home value in 60640 is $373,521, up 4.7% from September 2025.

How long do homes take to sell in 60640?

The median days on market is 24, as of September 2026.

How many homes are for sale in 60640 right now?

There are 68 homes for sale as of September 2026, with 54 new listings added recently.

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Nearby ZIP markets.

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