HomeMarketCap.com

ZIP 60641 Chicago, IL Housing Market

60641Chicago area

Price, Rent & Competition

$421,402

$1,800

60 index

73

Supply & Market Activity

39

32

18.26%

16 days

Area profile & market context

Population

68,894

Population density

6,606 / sq mi

Latest market movement

Home value (MoM)

+0.61%

Inventory (MoM)

+8.96%

Buyer competition (MoM)

-15.49%

New listings (MoM)

-4.88%

Homes Pending (MoM)

0.00%

Price cuts share (MoM)

+22.96%

Typical rent (YoY)

+6.52%

How quickly homes are selling

Selling slower

Homes appear to be going under contract more slowly in this ZIP.

This summary combines homes going pending and sale speed (days to pending). Supporting ZIP and metro context is shown separately.

Sale-speed figures and broader market activity are shown separately. Missing sale-speed values are not estimated.

Sale-speed measures for this ZIP

  • Homes going pending

    Value: 32 · MoM: 0.00% · YoY: -13.51%

  • Sale speed (days to pending)

    Value: 16 · MoM: 6.67% · YoY: -

Other local market activity

  • New listings

    Value: 39 · MoM: -4.88% · YoY: -2.50%

  • Homes for sale

    Value: 73 · MoM: 8.96% · YoY: -8.75%

  • Buyer competition

    Value: 60 · MoM: -15.49% · YoY: -7.69%

  • Price cuts share

    Value: 18.26% · MoM: 22.96% · YoY: -22.52%

  • Home sales activity (metro)

    Value: 10,863 · MoM: -4.96% · YoY: 7.09%

ZIP 60641 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60641 in the Chicago housing market is $421,402, with a typical rent of $1,800 per month. That puts the local home-value-to-annual-rent ratio at 19.5.

Key stats

  • ZIP 60641 is around the 80th percentile of tracked local ZIPs for home value.
  • ZIP 60641 is around the 38th percentile of tracked local ZIPs for buyer competition.
  • The market-level home-value-to-annual-rent ratio is 19.5.
  • 82 homes went pending for every 100 new listings in the current reading.
  • Supply increased while buyer competition eased.
Typical home value
$421,402
Typical rent
$1,800
Homes for sale
73
Buyer competition
60
New listings
39
Homes going pending
32
Listings with price cuts
18.3%
Typical home value — past 12 months
Aug 25Jul 26
Up 6.2% over 12 months
Typical home value up 6.2% over the last 12 months in ZIP 60641.
Typical rent — past 12 months
Aug 25Jul 26
Up 4.7% over 12 months
Typical rent up 4.7% over the last 12 months in ZIP 60641.
Homes for sale — past 12 months
Aug 25Jul 26
Down 1.4% over 12 months
Homes for sale down 1.4% over the last 12 months in ZIP 60641.
New listings — past 12 months
Aug 25Jul 26
Up 18.2% over 12 months
New listings up 18.2% over the last 12 months in ZIP 60641.
Homes going pending — past 12 months
Aug 25Jul 26
Up 6.7% over 12 months
Homes going pending up 6.7% over the last 12 months in ZIP 60641.
Buyer competition index — past 12 months
Aug 25Jul 26
Down 4.8% over 12 months
Buyer competition index down 4.8% over the last 12 months in ZIP 60641.
Listings with price cuts — past 12 months
Aug 25Jul 26
Down 36.9% over 12 months
Listings with price cuts down 36.9% over the last 12 months in ZIP 60641.

Price and rent in ZIP 60641

ZIP 60641 is around the 80th percentile of tracked local ZIPs for home value. ZIP 60641 is around the 35th percentile of tracked local ZIPs for rent.

ZIP 60641 home value & rent trend (past 12 months)

Typical home value rose 6.2% over the past 12 months, from $396,945 to $421,402. It rose in 11 of 11 monthly readings. The largest monthly gain was +0.8% in February 2026.

Typical rent rose 4.7% over the past 12 months, from $1,719 to $1,800. It rose in 7 of 11 monthly readings. The largest monthly gain was +1.6% in July 2026.

How ZIP 60641 compares to the metro

ZIP 60641's typical home value is 23.9% above the metro median of $340,167. ZIP 60641's typical rent is 4.4% below the metro median of $1,883. ZIP 60641's buyer competition is 5.5% below the metro median of 64.

How fast homes sell in ZIP 60641

Homes in ZIP 60641 typically go pending in about 16 days — about 38% faster than the metro median of 26 days.

Supply, pending activity, and competition

ZIP 60641 is around the 44th percentile of tracked local ZIPs for for-sale inventory. ZIP 60641 is around the 38th percentile of tracked local ZIPs for buyer competition. 82 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 40 and 80 — a 40-point spread across 55 comparable tracked ZIPs.

Nearby markets worth comparing

Relevant nearby ZIP pages include 60618, 60639, 60630, 60647.

Continue your market research

60641 Housing Market Overview FAQ

What is the typical home value in ZIP 60641?

The typical home value in ZIP 60641 is $421,402 in the latest monthly reading.

What is the typical rent in ZIP 60641?

Typical rent in ZIP 60641 is $1,800 per month.

What is the home-value-to-rent ratio in ZIP 60641?

ZIP 60641 has a home-value-to-annual-rent ratio of 19.5.

Sources and method

Explore ZIP Pages in Chicago Metro