60616 Home Values & Market Trends
There are 154 homes currently listed for 60616. 60616 real estate market trends show that home prices range from $124,900 to $1,250,000, and the median sales price in the 60616 zip code is $390,000. The total number of properties sold within the past twelve months is 811. In 60616, 63 properties are in foreclosure, 13 are bank owned properties,and 4 are headed for auction.
60616 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Chicago | $ 322,506 $ 251/sqft |
Housing Market Summary for 60616
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $375K | $359.9K | -4.01% |
| Median Sold Price | $337.2K | $312.1K | -7.44% |
| Homes For Sale | 161 | 203 | 26.09% |
| Homes Sold | 342 | 475 | 38.89% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in 60616
Browse Homes in 60616
The median list price of a home in Chicago, is $390,000. A total of 154 properties are for sale, and the percentage of properties for sale in the zip code is 154.00%. The total count of 60616 properties is 749.
- Pre-ForeclosurePre-foreclosure homes account for 6.14% of all residential properties in 60616 with chicago containing 2777 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 $4,403,428 in chicago to the lowest home value of $40,000 in chicago.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 60616 ranges from the highest value of $2,899,998 in chicago to the lowest value of $20,000 in chicago. Bank owned homes and properties account for 1.74% of properties in 60616. There is 1 cities within 60616; chicago containing 433 REO properties, has the highest number of bank owned properties in a single city.
- Auctionschicago has 499 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 0.53% 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 $1,314,358 in chicago to the lowest value of $38,030 in chicago.
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Guide for 60616
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
