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All market snapshots / 60616

Chicago, IL 60616 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Chicago, IL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.15
ActiveActive listings: 4646PendingPending sales: 77
Chicago, IL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $324k$324kSoldMedian sold price (last 6 months): $389k$389k
What homes actually sell for in Chicago, IL
Distribution of 333 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $275k to $535k
$117k to $221k: 38 sales$117k$221k to $325k: 65 sales$325k to $429k: 93 sales93sales$325k$429k to $534k: 37 sales$534k to $638k: 39 sales$534k$638k to $742k: 12 sales$742k to $846k: 10 sales$742k$846k to $950k: 6 salesMedian $389k

What the numbers say

As of September 14, 2026, Resideline is tracking 46 active listings and 7 pending sales in ZIP code 60616. That pending-to-active ratio of 0.15 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $323,500, while the median of the 333 closed sales Resideline tracked over the last six months was $389,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 60616 for 56 days.

Frequently asked questions

What is the median home price in 60616?

The median closed sale price in Chicago, IL 60616 was $389,000 over the last six months, based on 333 closed sales tracked by Resideline. The middle half of those sales ranged from $275,000 to $535,000.

Is 60616 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 46 active listings in 60616, a pending-to-active ratio of 0.15. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 60616 currently looks like a balanced market.

Nearby ZIP code market data

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