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CHICAGO, IL 60651

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

Market Overview

Active Listings
67
⇧ 24.1% vs 54 last year
Pending
29
43% pending ratio
Median Price
$371,950
⇩ 4.8% vs $390,650 last year
Average Price
$384,386
⇩ 2.9% vs $395,775 last year
Days on Market
64
⇧ 25.5% vs 51 days last year

Market Context

Population: 65,229  ·  Density: 7,272.7/mi²  ·  Median household income: $48,532

Typical home value: $237,390  ·  Homeownership: 44.5%

Market Analysis

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

The CHICAGO, IL real estate market (60651) currently shows 67 active listings, with 29 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 64 days on market compared to 51 days last year.

The median listing price has fallen 4.8% year-over-year, from $390,650 to $371,950.

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: 67 this year vs 54 last year
  • Days on market: 64 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $371,950 (-4.8% YoY)
  • Average: $384,386 (-2.9% 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 5.2 miles — 729 listings ($451,457,183 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60651Chicago, IL 606510.0 mi67$25,753,862$371,950$384,386
60644Chicago, IL 606441.7 mi33$9,404,505$309,275$284,985
60647Chicago, IL 606472.4 mi74$57,509,692$674,900$777,158
60622Chicago, IL 606223.0 mi100$101,471,100$739,950$1,014,711
60641Chicago, IL 606413.1 mi43$24,536,746$491,950$570,622
60304Oak Park, IL 603043.2 mi22$11,480,700$414,000$521,850
60618Chicago, IL 606183.7 mi104$102,286,288$665,000$983,522
60305River Forest, IL 603054.1 mi31$18,943,046$376,000$611,066
60804Cicero, IL 608044.4 mi68$20,828,536$304,000$306,302
60130Forest Park, IL 601304.6 mi39$12,709,944$269,900$325,896
60630Chicago, IL 606304.9 mi45$22,430,700$469,950$498,460
60608Chicago, IL 606085.1 mi65$26,605,800$359,995$409,320
60661Chicago, IL 606615.2 mi38$17,496,264$437,000$460,428

Frequently Asked Questions

How many homes are for sale in CHICAGO, IL 60651?

As of January 2026, there are 67 active listings in CHICAGO, IL (zip code 60651), compared to 54 the prior year.

What is the median home price in CHICAGO, IL 60651?

The median listing price in CHICAGO, IL 60651 is $371,950 as of January 2026, a 4.8% decrease from $390,650 the prior year.

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

Homes in CHICAGO, IL 60651 spend an average of 64 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in CHICAGO, IL 60651?

Based on current inventory and days-on-market data as of January 2026, CHICAGO, IL 60651 is currently a Buyer's Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 64 days on market compared to 51 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 60651 save an estimated $7,439 compared to a typical 5% commission on the median listing price of $371,950. 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.