Is Chicago, IL 60623 a buyer’s or seller’s market?

The Chicago housing market right now

In the three months ending August 31, 2026, 27% of homes in Chicago, IL 60623 sold above their list price, the typical home went under contract in 71 days and there were 7.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 54 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 45%, homes sold more slowly (62 days then) and the median sale price rose 11% to $332,356. Overall, Chicago is less competitive than a year ago, which gives buyers more room.

Within Cook County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in 91%. On our competition score, Chicago ranks #443 of 464 IL ZIP codes with enough sales (score 31 out of 100).

Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.