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Norwood Park O'Hare

CHICAGO, IL 60656

Real Estate Market Report
Seller's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60656

Norwood Park · O'Hare

Market Analysis

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

The CHICAGO, IL real estate market (60656) currently shows 41 active listings, with 16 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 30 days on market compared to 36 days last year.

The median listing price has risen 40.9% year-over-year, from $332,250 to $468,250.

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Market Context

Market Context

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

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

Market Overview

Active Listings
41
⇩ 24.1% vs 54 last year
Pending
16
39% pending ratio
Median Price
$468,250
⇧ 40.9% vs $332,250 last year
Average Price
$434,528
⇧ 20.9% vs $359,308 last year
Days on Market
30
⇩ 16.7% vs 36 days last year

Price Per Square Foot

Median $/sqft
$254
⇩ 2.3% vs $260/sqft last year
Median Home Size
1,352 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 54 last year
  • Days on market: 30 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $468,250 (+40.9% YoY)
  • Average: $434,528 (+20.9% 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
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 — 467 listings ($233,983,987 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60656Chicago, IL 606560.0 mi31$12,674,164$333,475$408,844
60631Chicago, IL 606311.6 mi33$17,807,064$489,900$539,608
60176Schiller Park, IL 601762.5 mi24$7,441,392$300,000$310,058
60171River Grove, IL 601713.4 mi28$9,931,096$356,750$354,682
60646Chicago, IL 606463.6 mi40$25,964,480$572,000$649,112
60131Franklin Park, IL 601313.8 mi29$10,983,286$358,650$378,734
60018Des Plaines, IL 600184.0 mi32$21,159,840$539,750$661,245
60053Morton Grove, IL 600535.1 mi65$33,220,265$479,900$511,081
60639Chicago, IL 606395.2 mi30$11,268,150$397,250$375,605
60305River Forest, IL 603055.5 mi36$23,806,080$398,500$661,280
60077Skokie, IL 600775.6 mi51$27,473,445$439,500$538,695
60302Oak Park, IL 603025.8 mi65$31,298,475$394,450$481,515
60301Oak Park, IL 603016.1 mi3$956,250$318,750$318,750

Frequently Asked Questions

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

As of September 2026, there are 41 active listings in CHICAGO, IL (zip code 60656), compared to 54 the prior year.

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

The median listing price in CHICAGO, IL 60656 is $468,250 as of September 2026, a 40.9% increase from $332,250 the prior year.

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

Homes in CHICAGO, IL 60656 spend an average of 30 days on the market before going under contract, compared to 36 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 September 2026, CHICAGO, IL 60656 is currently a Seller's Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 30 days on market compared to 36 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 $9,365 compared to a typical 5% commission on the median listing price of $468,250. 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.