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South Lawndale

CHICAGO, IL 60623

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

Market Overview

Active Listings
15
⇩ 57.1% vs 35 last year
Pending
9
60% pending ratio
Median Price
$293,000
⇧ 49.3% vs $196,200 last year
Average Price
$283,972
⇧ 38.5% vs $204,975 last year
Days on Market
43
⇧ 26.5% vs 34 days last year

Market Context

Population: 76,611  ·  Density: 5,501.4/mi²  ·  Median household income: $37,814

Typical home value: $203,238  ·  Homeownership: 37.8%

Market Analysis

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

The CHICAGO, IL real estate market (60623) currently shows 15 active listings, with 9 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 43 days on market compared to 34 days last year.

The median listing price has risen 49.3% year-over-year, from $196,200 to $293,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 35 last year
  • Days on market: 43 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $293,000 (+49.3% YoY)
  • Average: $283,972 (+38.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.2 miles — 700 listings ($354,106,436 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60623Chicago, IL 606230.0 mi15$4,259,580$293,000$283,972
60624Chicago, IL 606242.3 mi24$7,004,688$246,000$291,862
60632Chicago, IL 606322.5 mi40$14,176,600$365,000$354,415
60644Chicago, IL 606443.0 mi33$9,404,505$309,275$284,985
60402Berwyn, IL 604023.9 mi116$40,885,360$329,950$352,460
60609Chicago, IL 606094.0 mi56$15,904,504$244,900$284,009
60622Chicago, IL 606224.2 mi100$101,471,100$739,950$1,014,711
60616Chicago, IL 606164.6 mi124$48,994,136$370,000$395,114
60642Chicago, IL 606424.8 mi51$53,639,250$885,000$1,051,750
60301Oak Park, IL 603014.9 mi2$732,000$366,000$366,000
60629Chicago, IL 606295.0 mi101$31,463,015$319,900$311,515
60603Chicago, IL 606035.1 mi20$11,488,000$575,000$574,400
60602Chicago, IL 606025.2 mi18$14,683,698$750,000$815,761

Frequently Asked Questions

How many homes are for sale in CHICAGO, IL 60623?

As of January 2026, there are 15 active listings in CHICAGO, IL (zip code 60623), compared to 35 the prior year.

What is the median home price in CHICAGO, IL 60623?

The median listing price in CHICAGO, IL 60623 is $293,000 as of January 2026, a 49.3% increase from $196,200 the prior year.

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

Homes in CHICAGO, IL 60623 spend an average of 43 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in CHICAGO, IL 60623?

Based on current inventory and days-on-market data as of January 2026, CHICAGO, IL 60623 is currently a Balanced Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 43 days on market compared to 34 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 60623 save an estimated $5,860 compared to a typical 5% commission on the median listing price of $293,000. 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.