Market Intelligence · IL / Chicago

Chicago, IL 60653 Housing Market

Typical home value in Chicago 60653 is $331,511, up 2.0% over the past year. The median list price stands at $390,750, with homes spending a median of 40 days on market as of September 2026.

Updated September 2026Median value$332K

The median home value in Chicago, IL 60653 is $332K as of September 2026, up 2.0% 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 60653 range

$305K to $358K

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

+2.0% over 12 months

Sep 2025$325K

Low $324KHigh $333K

Sep 2026$332K

The numbers

What is the 60653 housing market like?

As of September 2026

Typical home value

$332K

2.0%YoY

Median list price

$391K

2.8%MoM

Days on market

2.4%MoM

Homes for sale

8.3%MoM

Price cuts

20.3%

295.5%MoM

New listings

0.0%MoM

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

The outlook

60653 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 60653 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 60653 rose 2.0%, per the Zillow Home Value Index.

Will home prices drop in 60653?

Zillow's forecast does not call for a drop: it expects typical home values in 60653 to rise 1.8% by September 2027, after a 2.0% 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 60653 home prices compare?

60653$331,511
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 neighborhood has 52 homes for sale, with 20 new listings entering the market recently. The median list price of $390,750 reflects current asking levels, though homes are taking 40 days to sell on average. One in five listings, representing 20.3% of active homes, has already seen a price reduction. For sellers, this combination suggests a market where patience and realistic pricing matter more than they did a year ago.

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Down payment20% · $66,302

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Common questions

What people ask us.

What is the typical home value in 60653?

The typical home value is $331,511, up 2.0% over the past year as of September 2026.

How long do homes stay on the market in 60653?

Homes spend a median of 40 days on market in this area.

What share of homes have had price cuts?

As of September 2026, 20.3% of active listings carry a price reduction.

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Nearby ZIP markets.

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