Market Intelligence · IL / Chicago

Chicago, IL 60651 Housing Market

The typical home value in Chicago's 60651 ZIP code is $288,337, up 6.7% over the past year. Homes here carry a median list price of $350,000 and spend a median of 30 days on the market before going under contract.

Updated August 2026Median value$288K

The median home value in Chicago, IL 60651 is $288K as of August 2026, up 6.7% 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 60651 range

$265K to $311K

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

+6.7% over 12 months

Typical home value in 60651 over the last 12 months: $270K in Aug 2025 to $288K in Aug 2026 (+6.7%).

Aug 2025$270K

Aug 2026$288K

The numbers

What is the 60651 housing market like?

Typical home value

$288K

Up6.7%YoY

Median list price

$350K

Down12.1%MoM

Days on market

30

Down33.3%MoM

Homes for sale

29

Up16.0%MoM

Price cuts

7.4%

Down30.9%MoM

New listings

16

Up33.3%MoM

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

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The comparison

How do 60651 home prices compare?

  • 60651$288,337
  • 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

As of 2026-08-01, there are 29 homes for sale in 60651, with 16 new listings coming on the market. The median list price is $350,000, while the typical home value sits at $288,337, up 6.7% over the past year. Homes are moving at a median of 30 days on market, which points to steady buyer activity. Only 7.4% of listings have taken a price cut, suggesting most sellers are pricing close to what buyers will pay. For a seller, this is a market that rewards realistic pricing from the start rather than testing the top of the range.

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