Market Intelligence · IL / Chicago

Chicago, IL 60642 Housing Market

The typical home in Chicago, IL 60642 is valued at $580,122, up 6.3% over the past year. Homes are listed at a median price of $731,250 and spend a median of 21 days on market.

Updated September 2026Median value$580K

The median home value in Chicago, IL 60642 is $580K as of September 2026, up 6.3% 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 60642 range

$534K to $627K

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

+6.3% over 12 months

Sep 2025$546K

Low $546KHigh $580K

Sep 2026$580K

The numbers

What is the 60642 housing market like?

As of September 2026

Typical home value

$580K

6.3%YoY

Median list price

$731K

0.5%MoM

Days on market

8.7%MoM

Homes for sale

10.3%MoM

Price cuts

10.7%

36.2%MoM

New listings

6.3%MoM

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

The outlook

60642 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60642 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 60642 rose 6.3%, per the Zillow Home Value Index.

Will home prices drop in 60642?

Zillow's forecast does not call for a drop: it expects typical home values in 60642 to rise 2.0% by September 2027, after a 6.3% 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 60642 home prices compare?

60642$580,122
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 43 homes for sale in this ZIP, with 34 new listings added recently. The median days on market of 21 suggests a moderate pace of sales activity. About 10.7% of listings have seen price reductions, which is not uncommon in any market. For sellers, the year-over-year appreciation is a positive backdrop, though current competition and the share of price cuts suggest pricing aggressively and realistically will matter more than ever.

Monthly payment

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Home price

Down payment20% · $116,024

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Common questions

What people ask us.

What is the typical home value in 60642?

The typical home value is $580,122, which has increased 6.3% over the past year.

How long do homes typically stay on the market?

Homes spend a median of 21 days on market in this ZIP as of September 2026.

What is the median list price?

The median list price is $731,250 as of September 2026.

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