Market Intelligence · IL / Chicago

Chicago, IL 60640 Housing Market

The typical home value in Chicago, IL 60640 is $371,774, up 4.6% over the past year. The median list price sits at $324,900, and homes are spending a median of 28 days on market. As of 2026-08-01, there are 62 homes for sale.

Updated August 2026Median value$372K

The median home value in Chicago, IL 60640 is $372K as of August 2026, up 4.6% 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 60640 range

$342K to $402K

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

+4.6% over 12 months

Typical home value in 60640 over the last 12 months: $355K in Aug 2025 to $372K in Aug 2026 (+4.6%).

Aug 2025$355K

Aug 2026$372K

The numbers

What is the 60640 housing market like?

Typical home value

$372K

Up4.6%YoY

Median list price

$325K

Down1.5%MoM

Days on market

28

Up12.0%MoM

Homes for sale

62

Up5.1%MoM

Price cuts

7.0%

Flat0.0%MoM

New listings

48

Down4.0%MoM

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

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The comparison

How do 60640 home prices compare?

  • 60640$371,774
  • 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 60640 shows a market where values are climbing while sellers price below the typical value. The typical home value of $371,774 is up 4.6% over the past year, while the median list price is $324,900. Homes are moving at a median of 28 days on market, and 48 new listings came on against 62 homes for sale as of 2026-08-01. Only 7.0% of listings have taken a price cut, which suggests most sellers are pricing close to what buyers will pay. For a seller, that combination points to steady demand without much pressure to discount, so a well-priced home should not sit long.

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