Is Chicago, IL 60608 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Chicago is a seller’s market. With about 2.8 months of supply and 42% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.8Under 4 months = seller’s market

Sold above original list42%Share of sales, last 3 months

Median sale-to-list101.3%Sold price ÷ list price

Median days on market54Listing to accepted offer

Median price per sq ft$300▲ +2.8% vs. last year

Run the numbers for 60608

Prefilled for 60608Can I win this house?Multiple-offer likelihood for a listing Prefilled for 60608Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alsip 60803Seller’s market $202 /sq ft Arlington Heights 60004Seller’s market $280 /sq ft Arlington Heights 60005Seller’s market $261 /sq ft Barrington 60010Seller’s market $255 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology