HomeMarketCap.com

ZIP 60661 Chicago, IL Housing Market

60661Chicago area

Price, Rent & Competition

$354,599

$2,640

55 index

48

Supply & Market Activity

21

14

17.83%

Area profile & market context

Population

11,398

Population density

14,401 / sq mi

Latest market movement

Home value (MoM)

+0.82%

Inventory (MoM)

+4.35%

Buyer competition (MoM)

-3.51%

New listings (MoM)

-8.70%

Homes Pending (MoM)

-17.65%

Price cuts share (MoM)

-6.03%

Typical rent (YoY)

+3.45%

How quickly homes are selling

Selling slower

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

This summary uses one direct sale-speed signal for this ZIP. 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: 14 · MoM: -17.65% · YoY: 40.00%

Other local market activity

  • New listings

    Value: 21 · MoM: -8.70% · YoY: -

  • Homes for sale

    Value: 48 · MoM: 4.35% · YoY: 14.29%

  • Buyer competition

    Value: 55 · MoM: -3.51% · YoY: 0.00%

  • Price cuts share

    Value: 17.83% · MoM: -6.03% · YoY: -34.20%

  • Home sales activity (metro)

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

ZIP 60661 covers residential neighborhoods in Chicago, located within Cook County, IL, part of the broader Chicago housing market. The typical home value in ZIP 60661 in the Chicago housing market is $354,599, with a typical rent of $2,640 per month. That puts the local home-value-to-annual-rent ratio at 11.2.

Key stats

  • ZIP 60661 is around the 58th percentile of tracked local ZIPs for home value.
  • ZIP 60661 is around the 20th percentile of tracked local ZIPs for buyer competition.
  • The market-level home-value-to-annual-rent ratio is 11.2.
  • 67 homes went pending for every 100 new listings in the current reading.
  • Supply increased while buyer competition eased.
Typical home value
$354,599
Typical rent
$2,640
Homes for sale
48
Buyer competition
55
New listings
21
Homes going pending
14
Listings with price cuts
17.8%
Typical home value — past 12 months
Aug 25Jul 26
Up 2.2% over 12 months
Typical home value up 2.2% over the last 12 months in ZIP 60661.
Typical rent — past 12 months
Aug 25Jul 26
Up 2.8% over 12 months
Typical rent up 2.8% over the last 12 months in ZIP 60661.
Homes for sale — past 12 months
Aug 25Jul 26
Up 9.1% over 12 months
Homes for sale up 9.1% over the last 12 months in ZIP 60661.
New listings — past 12 months
Jan 26Jul 26
Up 250.0% over 7 months
New listings up 250.0% over the last 7 months in ZIP 60661.
Homes going pending — past 12 months
Aug 25Jul 26
Up 27.3% over 12 months
Homes going pending up 27.3% over the last 12 months in ZIP 60661.
Buyer competition index — past 12 months
Aug 25Jul 26
Up 19.6% over 12 months
Buyer competition index up 19.6% over the last 12 months in ZIP 60661.
Listings with price cuts — past 12 months
Aug 25Jul 26
Down 20.4% over 12 months
Listings with price cuts down 20.4% over the last 12 months in ZIP 60661.

Price and rent in ZIP 60661

ZIP 60661 is around the 58th percentile of tracked local ZIPs for home value. ZIP 60661 is around the 83rd percentile of tracked local ZIPs for rent.

ZIP 60661 home value & rent trend (past 12 months)

Typical home value rose 2.2% over the past 12 months, from $347,072 to $354,599. It rose in 7 of 11 monthly readings. The largest monthly gain was +0.9% in April 2026.

Typical rent rose 2.8% over the past 12 months, from $2,568 to $2,640. It rose in 5 of 11 monthly readings. The largest monthly gain was +2.1% in March 2026.

How ZIP 60661 compares to the metro

ZIP 60661's typical home value is 4.2% above the metro median of $340,167. ZIP 60661's typical rent is 40.2% above the metro median of $1,883. ZIP 60661's buyer competition is 13.4% below the metro median of 64.

Supply, pending activity, and competition

ZIP 60661 is around the 24th percentile of tracked local ZIPs for for-sale inventory. ZIP 60661 is around the 20th percentile of tracked local ZIPs for buyer competition. 67 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 30 and 48 — a 18-point spread across 55 comparable tracked ZIPs.

Nearby markets worth comparing

Relevant nearby ZIP pages include 60606, 60654, 60602, 60603.

Continue your market research

60661 Housing Market Overview FAQ

What is the typical home value in ZIP 60661?

The typical home value in ZIP 60661 is $354,599 in the latest monthly reading.

What is the typical rent in ZIP 60661?

Typical rent in ZIP 60661 is $2,640 per month.

What is the home-value-to-rent ratio in ZIP 60661?

ZIP 60661 has a home-value-to-annual-rent ratio of 11.2.

Sources and method

Explore ZIP Pages in Chicago Metro