Call or Text (240) SELL-123
Andersonville Cedar Lawn Edgewater Lincoln Square Ravenswood Ravenswood Place South Edgewater Summerdale Sunnyside Uptown Winnemac Wolcott Gardens

CHICAGO, IL 60640

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

Neighborhoods in ZIP 60640

Andersonville · Cedar Lawn · Edgewater · Lincoln Square · Ravenswood · Ravenswood Place · South Edgewater · Summerdale · Sunnyside · Uptown · Winnemac · Wolcott Gardens

Market Analysis

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

The CHICAGO, IL real estate market (60640) currently shows 130 active listings, with 83 pending sales. Homes are averaging 19 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 19 days on market compared to 37 days last year.

The median listing price has risen 37% year-over-year, from $249,900 to $342,300.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for CHICAGO, IL 60640 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 67,317  ·  Density: 11,007.0/mi²  ·  Median household income: $69,397

Typical home value: $343,839  ·  Homeownership: 31.8%

Market Overview

Active Listings
130
⇧ 1.6% vs 128 last year
Pending
83
64% pending ratio
Median Price
$342,300
⇧ 37% vs $249,900 last year
Average Price
$592,473
⇧ 44.8% vs $409,234 last year
Days on Market
19
⇩ 48.6% vs 37 days last year

Price Per Square Foot

Median $/sqft
$300
⇧ 16.7% vs $257/sqft last year
Median Home Size
1,201 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 130 this year vs 128 last year
  • Days on market: 19 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $342,300 (+37% YoY)
  • Average: $592,473 (+44.8% 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 6.1 miles — 1,128 listings ($852,187,799 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60640Chicago, IL 606400.0 mi104$59,613,632$326,000$573,208
60660Chicago, IL 606601.3 mi106$33,592,884$228,199$316,914
60657Chicago, IL 606572.3 mi152$148,752,064$568,750$978,632
60626Chicago, IL 606262.5 mi65$20,385,170$250,350$313,618
60645Chicago, IL 606453.0 mi52$16,483,116$254,975$316,983
60647Chicago, IL 606474.1 mi85$81,984,370$749,450$964,522
60712Lincolnwood, IL 607124.2 mi25$23,527,150$644,000$941,086
60630Chicago, IL 606304.8 mi50$22,942,300$454,700$458,846
60610Chicago, IL 606104.9 mi211$254,776,381$511,000$1,207,471
60646Chicago, IL 606465.2 mi40$25,964,480$572,000$649,112
60654Chicago, IL 606545.7 mi134$107,285,760$454,250$800,640
60639Chicago, IL 606395.9 mi30$11,268,150$397,250$375,605
60201Evanston, IL 602016.1 mi74$45,612,342$399,900$616,383

Frequently Asked Questions

How many homes are for sale in CHICAGO, IL 60640?

As of March 2026, there are 130 active listings in CHICAGO, IL (zip code 60640), compared to 128 the prior year.

What is the median home price in CHICAGO, IL 60640?

The median listing price in CHICAGO, IL 60640 is $342,300 as of March 2026, a 37% increase from $249,900 the prior year.

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

Homes in CHICAGO, IL 60640 spend an average of 19 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in CHICAGO, IL 60640?

Based on current inventory and days-on-market data as of March 2026, CHICAGO, IL 60640 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 19 days on market compared to 37 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 60640 save an estimated $6,846 compared to a typical 5% commission on the median listing price of $342,300. 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.