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Chicago Loop (The Loop) Loop

CHICAGO, IL 60602

Real Estate Market Report  ·  Cook County
Balanced Market
July 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60602

Chicago Loop (The Loop) · Loop

Market Analysis

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

The CHICAGO, IL real estate market (60602) currently shows 15 active listings, with 7 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 72 days on market compared to 47 days last year.

The median listing price has risen 10% year-over-year, from $550,000 to $605,000.

Whether you are buying or selling in CHICAGO, 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: 938  ·  Density: 4,394.9/mi²  ·  Median household income: $167,617

Typical home value: $0  ·  Homeownership: 57.1%

Market Overview

Active Listings
15
⇩ 31.8% vs 22 last year
Pending
7
47% pending ratio
Median Price
$605,000
⇧ 10% vs $550,000 last year
Average Price
$595,752
⇩ 20.5% vs $749,353 last year
Days on Market
72
⇧ 53.2% vs 47 days last year

Price Per Square Foot

Median $/sqft
$410
⇩ 2.6% vs $421/sqft last year
Median Home Size
1,566 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 22 last year
  • Days on market: 72 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $605,000 (+10% YoY)
  • Average: $595,752 (-20.5% 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 5.7 miles — 965 listings ($606,375,150 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60602Chicago, IL 606020.0 mi22$17,019,706$746,625$773,623
60604Chicago, IL 606040.3 mi5$2,915,625$579,500$583,125
60606Chicago, IL 606060.4 mi19$10,131,161$461,000$533,219
60661Chicago, IL 606610.8 mi40$21,870,200$447,500$546,755
60605Chicago, IL 606051.2 mi134$67,452,518$395,975$503,377
60610Chicago, IL 606101.5 mi211$254,776,381$511,000$1,207,471
60616Chicago, IL 606162.6 mi140$58,265,060$359,950$416,179
60612Chicago, IL 606123.0 mi74$47,823,018$452,000$646,257
60608Chicago, IL 606083.2 mi75$31,844,775$367,498$424,597
60653Chicago, IL 606534.5 mi71$29,037,438$367,175$408,978
60624Chicago, IL 606244.9 mi23$6,642,699$247,075$288,813
60623Chicago, IL 606235.2 mi17$5,163,801$323,675$303,753
60615Chicago, IL 606155.7 mi134$53,432,768$287,250$398,752

Frequently Asked Questions

How many homes are for sale in CHICAGO, IL 60602?

As of July 2026, there are 15 active listings in CHICAGO, IL (zip code 60602), compared to 22 the prior year.

What is the median home price in CHICAGO, IL 60602?

The median listing price in CHICAGO, IL 60602 is $605,000 as of July 2026, a 10% increase from $550,000 the prior year.

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

Homes in CHICAGO, IL 60602 spend an average of 72 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in CHICAGO, IL 60602?

Based on current inventory and days-on-market data as of July 2026, CHICAGO, IL 60602 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 72 days on market compared to 47 days last year.

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

With SELL123.com's maximum 3% commission, sellers in CHICAGO, IL 60602 save an estimated $12,100 compared to a typical 5% commission on the median listing price of $605,000. 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.