Market Intelligence · IL / Chicago

Chicago, IL 60656 Housing Market

In Chicago, IL 60656, the typical home value is $394,889, up 10.2% over the past year. The median list price is $472,000, and homes are spending a median of 33 days on market. There were 23 homes for sale.

Updated August 2026Median value$395K

The median home value in Chicago, IL 60656 is $395K as of August 2026, up 10.2% 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 60656 range

$363K to $426K

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

+10.2% over 12 months

Typical home value in 60656 over the last 12 months: $358K in Aug 2025 to $395K in Aug 2026 (+10.2%).

Aug 2025$358K

Aug 2026$395K

The numbers

What is the 60656 housing market like?

Typical home value

$395K

Up10.2%YoY

Median list price

$472K

Down0.9%MoM

Days on market

33

Down15.4%MoM

Homes for sale

23

Flat0.0%MoM

Price cuts

15.4%

Up102.4%MoM

New listings

16

Flat0.0%MoM

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

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The comparison

How do 60656 home prices compare?

  • 60656$394,889
  • 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

Chicago, IL 60656 has 23 homes for sale, with 16 new listings entering the market. The median list price is $472,000, while the typical home value is $394,889, up 10.2% over the past year. Homes are moving in a median of 33 days, and 15.4% of listings have taken a price cut. That mix points to demand, but buyers are still pushing back on pricing. Sellers should price carefully and expect some negotiation.

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20% · $78,978

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