Market Intelligence · IL / Chicago

Chicago, IL 60641 Housing Market

Typical home values in Chicago 60641 stand at $418,327, up 7.5% over the past year. Homes listed here carry a median price of $491,750 and stay on the market for a median of 39 days.

Updated September 2026Median value$418K

The median home value in Chicago, IL 60641 is $418K as of September 2026, up 7.5% 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.

Sell without the wait

Sell your Chicago home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 60641 range

$385K to $452K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 60641 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Chicago, IL.

12-month value trend

+7.5% over 12 months

Sep 2025$389K

Low $389KHigh $418K

Sep 2026$418K

The numbers

What is the 60641 housing market like?

As of September 2026

Typical home value

$418K

7.5%YoY

Median list price

$492K

1.5%MoM

Days on market

56.0%MoM

Homes for sale

9.1%MoM

Price cuts

10.5%

185.6%MoM

New listings

50.0%MoM

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

The outlook

60641 housing market forecast 2027

+2.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60641 to rise 2.9% by September 2027.

Over the 12 months through September 2026, typical home values in 60641 rose 7.5%, per the Zillow Home Value Index.

Will home prices drop in 60641?

Zillow's forecast does not call for a drop: it expects typical home values in 60641 to rise 2.9% by September 2027, after a 7.5% 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.

Free home value report

See what your 60641 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 60641 home prices compare?

60641$418,327
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

The 60641 market shows modest activity with 40 homes for sale and 18 new listings as of September 2026. At a median list price of $491,750, homes are moving in about 39 days. The fact that 10.5% of listings have seen a price cut suggests some sellers are testing the market cautiously. Despite the underlying strength of home values, which rose 7.5% year-over-year, the current inventory and price-cut share indicate a balanced market where aggressive pricing may be necessary to close a sale quickly.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $83,665

Term

Rate (%)

Common questions

What people ask us.

What is a typical home worth in 60641?

Typical home values in 60641 are $418,327 as of September 2026, up 7.5% over the past year.

How long do homes stay on the market here?

Homes in 60641 have a median time on market of 39 days.

How many homes are currently for sale in 60641?

There are 40 homes for sale in 60641 as of September 2026, with 18 new listings.

Discover

Nearby ZIP markets.

Keep reading