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Chicago Loop (The Loop) Loop

CHICAGO, IL 60602

Real Estate Market Report  ·  Cook County
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60602

Chicago Loop (The Loop) · Loop

Market Analysis

Data as of February 2026. Source: Realtor.com.

The CHICAGO, IL real estate market (60602) currently shows 22 active listings, with 6 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 37 days on market compared to 46 days last year.

The median listing price has risen 10% year-over-year, from $678,650 to $746,625.

Whether you are buying or selling in CHICAGO, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 938  ·  Density: 4,394.9/mi²  ·  Median household income: $167,617

Typical home value: $0  ·  Homeownership: 57.1%

Market Overview

Active Listings
22
⇩ 12% vs 25 last year
Pending
6
27% pending ratio
Median Price
$746,625
⇧ 10% vs $678,650 last year
Average Price
$773,623
⇩ 11.6% vs $875,569 last year
Days on Market
37
⇩ 19.6% vs 46 days last year

Price Per Square Foot

Median $/sqft
$458
⇧ 8.5% vs $422/sqft last year
Median Home Size
1,629 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 22 this year vs 25 last year
  • Days on market: 37 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $746,625 (+10% YoY)
  • Average: $773,623 (-11.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.7 miles — 839 listings ($490,092,069 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60602Chicago, IL 606020.0 mi18$14,683,698$750,000$815,761
60604Chicago, IL 606040.3 mi4$2,118,000$487,000$529,500
60606Chicago, IL 606060.4 mi16$8,376,800$417,000$523,550
60661Chicago, IL 606610.8 mi38$17,496,264$437,000$460,428
60605Chicago, IL 606051.2 mi124$60,619,012$382,450$488,863
60610Chicago, IL 606101.5 mi155$189,168,045$520,000$1,220,439
60616Chicago, IL 606162.6 mi124$48,994,136$370,000$395,114
60612Chicago, IL 606123.0 mi68$40,386,152$447,450$593,914
60608Chicago, IL 606083.2 mi65$26,605,800$359,995$409,320
60653Chicago, IL 606534.5 mi63$26,344,269$362,500$418,163
60624Chicago, IL 606244.9 mi24$7,004,688$246,000$291,862
60623Chicago, IL 606235.2 mi15$4,259,580$293,000$283,972
60615Chicago, IL 606155.7 mi125$44,035,625$285,000$352,285

Frequently Asked Questions

How many homes are for sale in CHICAGO, IL 60602?

As of February 2026, there are 22 active listings in CHICAGO, IL (zip code 60602), compared to 25 the prior year.

What is the median home price in CHICAGO, IL 60602?

The median listing price in CHICAGO, IL 60602 is $746,625 as of February 2026, a 10% increase from $678,650 the prior year.

How long do homes stay on the market in CHICAGO, IL?

Homes in CHICAGO, IL 60602 spend an average of 37 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in CHICAGO, IL 60602?

Based on current inventory and days-on-market data as of February 2026, CHICAGO, IL 60602 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 37 days on market compared to 46 days last year.

How much can I save on real estate commission in CHICAGO, IL?

With SELL123.com's maximum 3% commission, sellers in CHICAGO, IL 60602 save an estimated $14,933 compared to a typical 5% commission on the median listing price of $746,625. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.