Market Intelligence · IL / Chicago

Chicago, IL 60641 Housing Market

The typical home value in Chicago, IL 60641 is $420,582, up 7.0% over the past year as of 2026-08-01. The median list price stands at $499,250, and homes are moving in a median of 25 days on market.

Updated August 2026Median value$421K

The median home value in Chicago, IL 60641 is $421K as of August 2026, up 7.0% 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 60641 range

$387K to $454K

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

+7.0% over 12 months

Typical home value in 60641 over the last 12 months: $393K in Aug 2025 to $421K in Aug 2026 (+7.0%).

Aug 2025$393K

Aug 2026$421K

The numbers

What is the 60641 housing market like?

Typical home value

$421K

Up7.0%YoY

Median list price

$499K

Down3.0%MoM

Days on market

25

Down3.8%MoM

Homes for sale

44

Up12.8%MoM

Price cuts

3.7%

Down27.6%MoM

New listings

36

Up28.6%MoM

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

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The comparison

How do 60641 home prices compare?

  • 60641$420,582
  • 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

Sellers in 60641 are listing at a median of $499,250, while the typical home value sits at $420,582 after rising 7.0% over the past year. Inventory is modest, with 44 homes for sale and 36 new listings as of 2026-08-01. Homes are selling at a steady clip, with a median of 25 days on market. Only 3.7% of listings have taken a price cut, which suggests most sellers are pricing close to what buyers will pay. For a homeowner thinking about selling, the data points to a market where well-priced homes are finding buyers without much discounting.

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