Market Intelligence · IL / Chicago

Chicago, IL 60651 Housing Market

The typical home value in Chicago's 60651 ZIP is $284,370, up 7.2% over the past year. The median list price stands at $371,950, with homes spending a median of 35 days on the market as of September 2026.

Updated September 2026Median value$284K

The median home value in Chicago, IL 60651 is $284K as of September 2026, up 7.2% 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 60651 range

$262K to $307K

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

+7.2% over 12 months

Sep 2025$265K

Low $265KHigh $284K

Sep 2026$284K

The numbers

What is the 60651 housing market like?

As of September 2026

Typical home value

$284K

7.2%YoY

Median list price

$372K

6.3%MoM

Days on market

16.7%MoM

Homes for sale

13.8%MoM

Price cuts

18.2%

145.2%MoM

New listings

12.5%MoM

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

The outlook

60651 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60651 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 60651 rose 7.2%, per the Zillow Home Value Index.

Will home prices drop in 60651?

Zillow's forecast does not call for a drop: it expects typical home values in 60651 to rise 2.5% by September 2027, after a 7.2% 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 60651 home prices compare?

60651$284,370
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

There are 33 homes for sale in 60651, with 18 new listings coming on the market in September 2026. About 18.2% of current listings have seen a price cut. The median days on market of 35 suggests reasonable buyer interest, though the price cuts indicate some sellers are adjusting to market conditions. For those considering a sale, the year-over-year value appreciation is solid, but current inventory levels and pricing adjustments suggest doing homework on timing and pricing strategy.

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Down payment20% · $56,874

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Common questions

What people ask us.

What is the typical home value in 60651?

The typical home value is $284,370, which represents a 7.2% increase over the past year.

How many homes are currently for sale in this ZIP?

There are 33 homes for sale as of September 2026, with 18 new listings that month.

How long do homes typically stay on the market?

The median days on market is 35 as of September 2026.

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