Is Chicago, IL 60624 a buyer’s or seller’s market?

The Chicago housing market right now

In the three months ending August 31, 2026, 43% of homes in Chicago, IL 60624 sold above their list price, the typical home went under contract in 88 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 56 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 37%, homes sold more slowly (63 days then) and the median sale price fell 2% to $307,867. Overall, Chicago is less competitive than a year ago, which gives buyers more room.

Within Cook County, homes here sell more slowly than in 97% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Chicago ranks #349 of 464 IL ZIP codes with enough sales (score 53 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.