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CHICAGO, IL 60640

Real Estate Market Report  ·  Cook County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
81
⇩ 15.6% vs 96 last year
Pending
47
58% pending ratio
Median Price
$299,000
⇧ 20.6% vs $248,000 last year
Average Price
$477,084
⇧ 39.9% vs $341,018 last year
Days on Market
38
⇩ 28.3% vs 53 days last year

Market Context

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

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

Market Analysis

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

The CHICAGO, IL real estate market (60640) currently shows 81 active listings, with 47 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 38 days on market compared to 53 days last year.

The median listing price has risen 20.6% year-over-year, from $248,000 to $299,000.

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: 81 this year vs 96 last year
  • Days on market: 38 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $299,000 (+20.6% YoY)
  • Average: $477,084 (+39.9% 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 6.1 miles — 944 listings ($687,859,982 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60640Chicago, IL 606400.0 mi81$38,643,804$299,000$477,084
60660Chicago, IL 606601.3 mi94$30,979,768$234,900$329,572
60657Chicago, IL 606572.3 mi122$119,281,840$587,500$977,720
60626Chicago, IL 606262.5 mi53$16,840,750$261,500$317,750
60645Chicago, IL 606453.0 mi53$15,656,783$244,500$295,411
60647Chicago, IL 606474.1 mi74$57,509,692$674,900$777,158
60712Lincolnwood, IL 607124.2 mi24$21,798,912$619,000$908,288
60630Chicago, IL 606304.8 mi45$22,430,700$469,950$498,460
60610Chicago, IL 606104.9 mi155$189,168,045$520,000$1,220,439
60646Chicago, IL 606465.2 mi34$21,001,562$567,450$617,693
60654Chicago, IL 606545.7 mi111$105,439,233$462,000$949,903
60639Chicago, IL 606395.9 mi33$13,268,673$399,900$402,081
60201Evanston, IL 602016.1 mi65$35,840,220$369,500$551,388

Frequently Asked Questions

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

As of January 2026, there are 81 active listings in CHICAGO, IL (zip code 60640), compared to 96 the prior year.

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

The median listing price in CHICAGO, IL 60640 is $299,000 as of January 2026, a 20.6% increase from $248,000 the prior year.

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

Homes in CHICAGO, IL 60640 spend an average of 38 days on the market before going under contract, compared to 53 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 January 2026, CHICAGO, IL 60640 is currently a Seller's Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 38 days on market compared to 53 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 $5,980 compared to a typical 5% commission on the median listing price of $299,000. 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.