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Norwood Park

CHICAGO, IL 60656

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

Market Overview

Active Listings
32
⇩ 11.1% vs 36 last year
Pending
16
50% pending ratio
Median Price
$232,000
⇩ 45.4% vs $424,999 last year
Average Price
$370,403
⇩ 2.8% vs $381,192 last year
Days on Market
49
⇧ 4.3% vs 47 days last year

Market Context

Population: 29,180  ·  Density: 3,480.7/mi²  ·  Median household income: $82,992

Typical home value: $339,072  ·  Homeownership: 61.8%

Market Analysis

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

The CHICAGO, IL real estate market (60656) currently shows 32 active listings, with 16 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 49 days on market compared to 47 days last year.

The median listing price has fallen 45.4% year-over-year, from $424,999 to $232,000.

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: 32 this year vs 36 last year
  • Days on market: 49 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $232,000 (-45.4% YoY)
  • Average: $370,403 (-2.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.1 miles — 424 listings ($200,098,352 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60656Chicago, IL 606560.0 mi32$11,852,896$232,000$370,403
60631Chicago, IL 606311.6 mi33$15,625,863$457,450$473,511
60176Schiller Park, IL 601762.5 mi17$5,575,830$325,000$327,990
60171River Grove, IL 601713.4 mi27$9,750,483$399,000$361,129
60646Chicago, IL 606463.6 mi34$21,001,562$567,450$617,693
60131Franklin Park, IL 601313.8 mi20$7,088,660$345,000$354,433
60018Des Plaines, IL 600184.0 mi34$20,165,094$487,450$593,091
60053Morton Grove, IL 600535.1 mi61$31,795,213$501,745$521,233
60639Chicago, IL 606395.2 mi33$13,268,673$399,900$402,081
60305River Forest, IL 603055.5 mi31$18,943,046$376,000$611,066
60077Skokie, IL 600775.6 mi44$22,486,640$387,444$511,060
60302Oak Park, IL 603025.8 mi56$21,812,392$279,000$389,507
60301Oak Park, IL 603016.1 mi2$732,000$366,000$366,000

Frequently Asked Questions

How many homes are for sale in CHICAGO, IL 60656?

As of January 2026, there are 32 active listings in CHICAGO, IL (zip code 60656), compared to 36 the prior year.

What is the median home price in CHICAGO, IL 60656?

The median listing price in CHICAGO, IL 60656 is $232,000 as of January 2026, a 45.4% decrease from $424,999 the prior year.

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

Homes in CHICAGO, IL 60656 spend an average of 49 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in CHICAGO, IL 60656?

Based on current inventory and days-on-market data as of January 2026, CHICAGO, IL 60656 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 49 days on market compared to 47 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 60656 save an estimated $4,640 compared to a typical 5% commission on the median listing price of $232,000. 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.