60016 Zip Code Real Estate Market Sees Home Sales Increase

The 60016 zip code market showed gains this week as sales climbed 19.4% to reach 86 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. In comparison, the nearby 60056 zip code had 56 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 60016 zip code, and for this period the median sales price slid from $195,000 to $174,500. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 60016 zip code is a seller's market.

Great homes don't last long in the market, so make sure you take a look at the newest listings in the 60016 zip code:

$494K   $259K   $129K  

Get started right now by checking out 60016 homes for sale or reviewing 60016 real estate trends.

Demographic facts for the 60016 zip code:

  • The rating for this area for population growth is 41. (Scale: 1 = Worst, 100 = Best)
  • The property tax in this area is $16.10/$1,000.
  • The area's commuter length breakdown is: <15 min (21.1%), 15-29 min (33.9%), 30-44 min (26.9%), 45-59 min (8.5%), >60 min (9.6%).

Data reported through 10/12/2016

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