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CHICAGO, IL 60620

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60620

Ashburn · Auburn Gresham · Auburn Park · Beverly · Brainerd · Chatham · Chester Highlands · Greater Grand Crossing · New Auburn · North Englewood · Roseland · South Englewood · Washington Heights

Market Analysis

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

The CHICAGO, IL real estate market (60620) currently shows 166 active listings, with 67 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has tightened compared to last year, with 34 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 45 days on market compared to 44 days last year.

The median listing price has risen 14.7% year-over-year, from $239,900 to $275,125.

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: 68,330  ·  Density: 3,770.4/mi²  ·  Median household income: $46,472

Typical home value: $177,126  ·  Homeownership: 48.6%

Market Overview

Active Listings
166
⇩ 17% vs 200 last year
Pending
67
40% pending ratio
Median Price
$275,125
⇧ 14.7% vs $239,900 last year
Average Price
$266,586
⇧ 14.6% vs $232,627 last year
Days on Market
45
⇧ 2.3% vs 44 days last year

Price Per Square Foot

Median $/sqft
$153
⇧ 3.4% vs $148/sqft last year
Median Home Size
1,575 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 166 this year vs 200 last year
  • Days on market: 45 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $275,125 (+14.7% YoY)
  • Average: $266,586 (+14.6% 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 7.0 miles — 1,204 listings ($303,054,945 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60620Chicago, IL 606200.0 mi172$43,410,220$257,475$252,385
60621Chicago, IL 606212.5 mi48$9,599,664$193,675$199,993
60643Chicago, IL 606432.9 mi140$41,864,760$240,725$299,034
60652Chicago, IL 606523.2 mi57$15,476,583$295,625$271,519
60628Chicago, IL 606283.8 mi243$45,217,197$181,250$186,079
60456Hometown, IL 604564.1 mi9$2,149,002$233,650$238,778
60649Chicago, IL 606494.7 mi113$19,313,508$132,500$170,916
60609Chicago, IL 606095.0 mi57$16,038,261$247,450$281,373
60453Oak Lawn, IL 604535.5 mi162$49,225,806$280,750$303,863
60653Chicago, IL 606535.8 mi71$29,037,438$367,175$408,978
60406Blue Island, IL 604066.1 mi49$10,226,643$213,199$208,707
60803Alsip, IL 608036.4 mi44$11,749,100$267,500$267,025
60415Chicago Ridge, IL 604157.0 mi39$9,746,763$209,000$249,917

Frequently Asked Questions

How many homes are for sale in CHICAGO, IL 60620?

As of March 2026, there are 166 active listings in CHICAGO, IL (zip code 60620), compared to 200 the prior year.

What is the median home price in CHICAGO, IL 60620?

The median listing price in CHICAGO, IL 60620 is $275,125 as of March 2026, a 14.7% increase from $239,900 the prior year.

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

Homes in CHICAGO, IL 60620 spend an average of 45 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in CHICAGO, IL 60620?

Based on current inventory and days-on-market data as of March 2026, CHICAGO, IL 60620 is currently a Balanced Market. Inventory has tightened compared to last year, with 34 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 45 days on market compared to 44 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 60620 save an estimated $5,503 compared to a typical 5% commission on the median listing price of $275,125. 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.