60616 Home Values & Market Trends

There are 26 homes currently listed for 60616. 60616 real estate market trends show that home prices range from $87,000 to $1,450,000, and the median sales price in the 60616 zip code is $291,762.26. The total number of properties sold within the past twelve months is 626. In 60616, 40 properties are in foreclosure, 5 are bank owned properties,and 6 are headed for auction.

60616 Real Estate Market Overview

CityMedian Est. Value
Chicago

$ 295,000

$ 228/sqft

Housing Market Summary for 60616

Mar 2023February 2024Change
Median Listing Price$364K$288.1K-20.85%
Median Sold Price$315K$288.1K-8.54%
Homes For Sale2621-19.23%
Homes Sold33036711.21%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 60616

The median list price of a home in Chicago, is $291,762.26. A total of 26 properties are for sale, and the percentage of properties for sale in the zip code is 26.00%. The total count of 60616 properties is 13,420.

Foreclosure
There is 1 cities within 60616; within this cities, the median estimated home value for homes in foreclosure ranges from $9,886,340 in chicago to the lowest value of $19,844 in chicago. Foreclosure homes account for 0.00% of properties in 60616 with chicago containing 2964 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.22% of all residential properties in 60616 with chicago containing 2228 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 60616; of that cities, the estimated home value for pre-foreclosure homes ranges from $9,886,340 in chicago to the lowest home value of $19,844 in chicago.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 60616 ranges from the highest value of $6,317,055 in chicago to the lowest value of $28,606 in chicago. Bank owned homes and properties account for 0.04% of properties in 60616. There is 1 cities within 60616; chicago containing 291 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    chicago has 445 auction properties, the highest number of properties going to auction in a single city in the state of 60616. Auction homes and other auction properties account for 0.04% of all properties in 60616. There is 1 cities within 60616; of that cities, the median estimated home value for homes going to auction ranges from $2,656,000 in chicago to the lowest value of $31,187 in chicago.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.19% of residential properties in 60616 with chicago containing 1049 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 60616; homes for sale in that cities, have a range of median values from $6,995,000 in chicago to the lowest value of $28,606 in chicago.
    Sold Homes
    The median value for recently sold homes ranges from $25,935,268 in chicago to the lowest price of $18,748 in chicago. There is 1 cities within 60616. chicago has 15841 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.27% of properties in 60616.

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      Guide for 60616

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Home Buying Guides & Tips
      How Do You Buy a House if You’re Broke?
      See More Articles
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      How Do You Buy a House if You’re Broke?
      Home Buying Guides & Tips|posted 20 March 2024

      What can you do when you want to buy a house when you’re strapped for cash?

      Recently Listed Homes 60616

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