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All market snapshots / 60616

Chicago, IL 60616 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Chicago, IL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.13
ActiveActive listings: 3939PendingPending sales: 55
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): $330k$330kSoldMedian sold price (last 6 months): $373k$373k
What homes actually sell for in Chicago, IL
Distribution of 295 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $270k to $509k
$117k to $215k: 31 sales$117k$215k to $313k: 59 sales$313k to $411k: 75 sales75sales$313k$411k to $508k: 42 sales$508k to $606k: 30 sales$508k$606k to $704k: 11 sales$704k to $802k: 14 sales$704k$802k to $900k: 4 salesMedian $373k

What the numbers say

As of October 26, 2026, Resideline is tracking 39 active listings and 5 pending sales in ZIP code 60616. That pending-to-active ratio of 0.13 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $330,000, while the median of the 295 closed sales Resideline tracked over the last six months was $373,000. 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 85 days.

Frequently asked questions

What is the median home price in 60616?

The median closed sale price in Chicago, IL 60616 was $373,000 over the last six months, based on 295 closed sales tracked by Resideline. The middle half of those sales ranged from $270,000 to $509,000.

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

Resideline is currently tracking 5 pending sales against 39 active listings in 60616, a pending-to-active ratio of 0.13. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 60616 is currently a typical-pace market.

Nearby ZIP code market data

Full Chicago, IL housing market report →

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