Is Chicago, IL 60647 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 1.7 months of supply and 65% 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.

Competition score87/ 100

More competitive than 92% of U.S. ZIP codes, and #25 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply1.7Under 4 months = seller’s market

Sold above original list64.9%Share of sales, last 3 months

Median sale-to-list103.9%Sold price ÷ list price

Median days on market37Listing to accepted offer

Median price per sq ft$403▲ +8.4% vs. last year

Run the numbers for 60647

Prefilled for 60647Can I win this house?Multiple-offer likelihood for a listing Prefilled for 60647Over-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 →

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More tools for 60647

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

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