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Downtown (Central Business District) Lee (Lee Business District) Metropolitan Square Norma

DES PLAINES, IL 60016

Real Estate Market Report
Buyer's Market
July 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60016

Downtown (Central Business District) · Lee (Lee Business District) · Metropolitan Square · Norma

Market Analysis

Data as of July 2026. Source: Realtor.com.

The DES PLAINES, IL real estate market (60016) currently shows 179 active listings, with 101 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 31 days on market compared to 24 days last year.

The median listing price has risen 6% year-over-year, from $311,250 to $330,000.

Whether you are buying or selling in DES PLAINES, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 61,988  ·  Density: 1,974.3/mi²  ·  Median household income: $80,116

Typical home value: $286,348  ·  Homeownership: 68.3%

Market Overview

Active Listings
179
⇧ 6.5% vs 168 last year
Pending
101
56% pending ratio
Median Price
$330,000
⇧ 6% vs $311,250 last year
Average Price
$365,982
⇧ 6.2% vs $344,719 last year
Days on Market
31
⇧ 29.2% vs 24 days last year

Price Per Square Foot

Median $/sqft
$238
⇧ 0.8% vs $236/sqft last year
Median Home Size
1,326 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 179 this year vs 168 last year
  • Days on market: 31 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $330,000 (+6% YoY)
  • Average: $365,982 (+6.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.9 miles — 775 listings ($490,785,591 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60016Des Plaines, IL 600160.0 mi135$47,989,395$334,600$355,477
60068Park Ridge, IL 600683.6 mi71$51,219,684$592,425$721,404
60018Des Plaines, IL 600183.9 mi32$21,159,840$539,750$661,245
60025Glenview, IL 600254.3 mi79$79,191,733$597,475$1,002,427
60005Arlington Heights, IL 600055.0 mi57$27,156,738$349,725$476,434
60631Chicago, IL 606315.6 mi33$17,807,064$489,900$539,608
60062Northbrook, IL 600625.7 mi115$122,419,570$627,000$1,064,518
60004Arlington Heights, IL 600046.2 mi79$47,048,450$535,700$595,550
60176Schiller Park, IL 601766.6 mi24$7,441,392$300,000$310,058
60077Skokie, IL 600776.9 mi51$27,473,445$439,500$538,695
60706Harwood Heights, IL 607067.2 mi39$18,428,592$443,749$472,528
60191Wood Dale, IL 601917.6 mi31$12,466,402$361,000$402,142
60131Franklin Park, IL 601317.9 mi29$10,983,286$358,650$378,734

Frequently Asked Questions

How many homes are for sale in DES PLAINES, IL 60016?

As of July 2026, there are 179 active listings in DES PLAINES, IL (zip code 60016), compared to 168 the prior year.

What is the median home price in DES PLAINES, IL 60016?

The median listing price in DES PLAINES, IL 60016 is $330,000 as of July 2026, a 6% increase from $311,250 the prior year.

How long do homes stay on the market in DES PLAINES, IL?

Homes in DES PLAINES, IL 60016 spend an average of 31 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in DES PLAINES, IL 60016?

Based on current inventory and days-on-market data as of July 2026, DES PLAINES, IL 60016 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 31 days on market compared to 24 days last year.

How much can I save on real estate commission in DES PLAINES, IL?

With SELL123.com's maximum 3% commission, sellers in DES PLAINES, IL 60016 save an estimated $6,600 compared to a typical 5% commission on the median listing price of $330,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.