The 60516 housing market is very competitive. Homes in 60516 receive 3 offers on average and sell in around 48.5 days. The median sale price of a home in 60516 was $462K last month, up 3.8% since last year. The median sale price per square foot in 60516 is $243, up 6.6% since last year.
In October 2025, 60516 home prices were up 3.8% compared to last year, selling for a median price of $462K. On average, homes in 60516 sell after 49 days on the market compared to 43 days last year. There were 90 homes sold in October this year, up from 81 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$462,000
+3.8% YoY | Oct 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2025
Growth
% YoY
60516, IL
$462,000
+3.8%
United States
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How hot is the 60516 housing market?
60516 is very competitive. Homes sell in 54.5 days.
0
100
72
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 55 days.
Hot homes
can sell for about 2% above list price and go pending in around 32 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 60516 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 60516.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
60516 has a minor risk of flooding. 497 properties in 60516 are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in 60516. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
60516 has a moderate risk of wildfire. There are 169 properties in 60516 that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in 60516.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
60516 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 60516 is most at risk from hurricanes. 9,475 properties in 60516 have some risk of being in a severe wind event within the next 30 years.