Chicago, IL 60616 Real Estate & Property Data

Chicago, IL 60616 Real Estate Market Trends
Last Updated: April 19, 2024

A total of 303 residential properties have been sold over the past 12 months in 60616. With a median sales price of $434,000 in 60616 and a total of 2 foreclosures in Chicago, IL 60616. Discover market trends and get the granular level real estate data for Chicago, IL 60616 to keep your pulse on the housing market. Curate compelling home reports for Chicago, IL 60616 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Chicago, IL 60616 Real Estate Market Trends
Total Residential Properties 13,285
Total Commercial Properties 3,185
Avg. Home Age (Single Family Home) 37 Years
Avg. Square Feet (Single Family Home) 1,720
Total 2024 Residential Sales (year-to-date) 34
% of Homes Seriously Underwater (Q2 2024) 1.77%
Total 2023 Residential Sales 288
% of Equity Rich Homes (Q2 2024) 21.17%
Effective 2023 Property Tax 1.52%
Total Foreclosure Filings (year-to-date) 4
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Chicago, IL 60616 Real Estate Overview

There were 303 residential properties sold in the past year in Chicago, IL 60616. The median home value in Chicago, IL 60616 is $315,616. There are a total of 13,285 residential properties in the 60616.

Median Sales Price i
$434,000
(Feb 2024)
-31.9%
year-over-year
y-o-y
  • February '24 Feb '24 $434,000
  • January '24 Jan '24 $415,000
  • December '23 Dec '23 N/A
  • November '23 Nov '23 $885,000
  • October '23 Oct '23 $534,750
  • September '23 Sep '23 $402,500
  • August '23 Aug '23 $599,000
  • July '23 Jul '23 $810,000
  • June '23 Jun '23 $492,500
  • May '23 May '23 $300,000
  • April '23 Apr '23 N/A
  • March '23 Mar '23 $280,000
Median Down Payment i
$130,000
(Feb 2024)
+59.3%
year-over-year
y-o-y
  • February '24 Feb '24 $130,000
  • January '24 Jan '24 $41,500
  • December '23 Dec '23 N/A
  • November '23 Nov '23 $495,000
  • October '23 Oct '23 $214,250
  • September '23 Sep '23 $78,500
  • August '23 Aug '23 $98,000
  • July '23 Jul '23 $174,000
  • June '23 Jun '23 $62,125
  • May '23 May '23 $54,875
  • April '23 Apr '23 N/A
  • March '23 Mar '23 $98,000
Number of Homes Sold i
16
(Feb 2024)
-23.8%
year-over-year
y-o-y
  • February '24 Feb '24 16
  • January '24 Jan '24 18
  • December '23 Dec '23 14
  • November '23 Nov '23 15
  • October '23 Oct '23 25
  • September '23 Sep '23 34
  • August '23 Aug '23 26
  • July '23 Jul '23 23
  • June '23 Jun '23 35
  • May '23 May '23 21
  • April '23 Apr '23 13
  • March '23 Mar '23 42
Number of Purchase Loans i
20
(Feb 2024)
-16.7%
year-over-year
y-o-y
  • February '24 Feb '24 20
  • January '24 Jan '24 21
  • December '23 Dec '23 28
  • November '23 Nov '23 16
  • October '23 Oct '23 34
  • September '23 Sep '23 61
  • August '23 Aug '23 57
  • July '23 Jul '23 52
  • June '23 Jun '23 124
  • May '23 May '23 45
  • April '23 Apr '23 19
  • March '23 Mar '23 50
Number of REFI Loans i
2
(Feb 2024)
-77.8%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 8
  • December '23 Dec '23 5
  • November '23 Nov '23 5
  • October '23 Oct '23 10
  • September '23 Sep '23 4
  • August '23 Aug '23 8
  • July '23 Jul '23 9
  • June '23 Jun '23 8
  • May '23 May '23 8
  • April '23 Apr '23 4
  • March '23 Mar '23 309
Number of HELOC Loans i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 1
  • December '23 Dec '23 4
  • November '23 Nov '23 2
  • October '23 Oct '23 N/A
  • September '23 Sep '23 3
  • August '23 Aug '23 4
  • July '23 Jul '23 3
  • June '23 Jun '23 3
  • May '23 May '23 4
  • April '23 Apr '23 2
  • March '23 Mar '23 5

Chicago, IL 60616 Foreclosure Activity

There were a total of 2 Chicago, IL 60616 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
2
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 2
  • December '23 Dec '23 1
  • November '23 Nov '23 3
  • October '23 Oct '23 2
  • September '23 Sep '23 3
  • August '23 Aug '23 3
  • July '23 Jul '23 4
  • June '23 Jun '23 2
  • May '23 May '23 3
  • April '23 Apr '23 3
  • March '23 Mar '23 4
Foreclosure Starts i
1
(Feb 2024)
-50%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 1
  • December '23 Dec '23 1
  • November '23 Nov '23 3
  • October '23 Oct '23 2
  • September '23 Sep '23 2
  • August '23 Aug '23 2
  • July '23 Jul '23 3
  • June '23 Jun '23 1
  • May '23 May '23 1
  • April '23 Apr '23 2
  • March '23 Mar '23 4
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 3
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 2
  • May '23 May '23 2
  • April '23 Apr '23 1
  • March '23 Mar '23 2
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