Chicago 60616

Cook County, IL · 24,272 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

57affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
25.9%
affordable
Days on market
53
daily
Price cuts
13.7%
of active
Valuation
+44.2%
vs assessor
Look up an address
60
/100
Stable
stable · balanced · prices easing year-over-year.
Price trend
50
Affordability
85
Valuation
35
Economic health
57

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

36/ 100SellerBalancedBuyer
Seller's Market
DOM: 85d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)25
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)25
Cancellation Rate (10%)0
Days on Market (5%)75

Seller-favored market in 60616. Expect to pay at or near list price. Payment burden: 25.9% of median income. Median days on market: 85. Renting is approximately 19% cheaper than buying (price-to-rent ratio: 14.3).

Buyer Caution

Seller's market. Be prepared to pay near list price.

Competitive market similar to 2021-2022 — limited inventory driving prices above fundamentals.
STABLEBALANCED

Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers. Prices down 1.2% YoY.

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Market snapshoteach number, once

Median price
$332,822
▾ 1.2% YoY
Days on market
53
daily · zip_data
Median rent
$1,935
ZORI
Investor score
70/100
cash-flow lens
Active listings
146
90-day

Valuation3 lenses, different anchors

vs assessor
+44.2%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$480,000
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+44.5%
County-wide market — the widest, slowest signal.
Cook+44.5%
Cook+44.5%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$249
Price-to-income4.3×

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How 60616 ranks in IL
percentile vs all Illinois ZIPs · n=1303
Market velocity43%
Supply tightness25%
Affordability7%
Investment yield62%
Appreciation8%

Affordability, supply & momentum

22SUPPLY
OversuppliedSupply Tightness

Ample inventory — buyers have time and leverage to negotiate.

Months of Supply19.2 mo
Days on Market53d
Inv vs History+1.2%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$1,681
Payment burden25.9%
Median income · ZIP$77,841
Mortgage rate6.49% · 30yr
Total monthly own$2,014
Monthly rent$1,935
Market dynamics
Price cut %13.7%
Momentumstable
LeverageBALANCED
Months of supply19.2
Sales (90d)0
Investment analysis
Median rent$1,935
Price-to-rent14.3
Est. cap rate4.5%
Buy vs rentfavors buying

Livability

Walk score20
Transit score52
Bike score—

Historical trends

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Cook County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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Chicago Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Cook County