Published October 25, 2026 in Market Update

Less supply is putting pressure on West Loop Gate / Loop listings

By Thurston Gayle

Real estate, West Loop Gate / Loop

The big number for owners right now is 18. That is how many homes were for sale in ZIP 60606 during the three months ending August 31, 2026, according to the Real Estate Data Aggregator. That count is down 28% from the same period a year before. Fewer homes for sale means each listing faces less competition, but it also means buyers move fast when something new appears.

Nationally, Realtor.com reported active listings topped 1.16 million homes, growing 5.5% year over year. West Loop Gate / Loop moved the opposite direction. That gap matters if you are listing here: local supply is tighter than the national picture suggests.

Buyers are not sitting still

The Real Estate Data Aggregator counted 31 pending sales in ZIP 60606 during the same three months, up 14.8% from a year before. Demand is rising while supply falls. That combination puts pressure on the homes that do come to market.

Only 2 months of supply

The Real Estate Data Aggregator put months of supply at 2 for ZIP 60606, down 1.2 months from a year before. Two months of supply is a tight market. Buyers who want to track new listings here need to move quickly when something comes up.

Price and speed

The Real Estate Data Aggregator put the median sale price at $385,000 for the three months ending August 31, 2026. That is down 2.5% from the same period a year before. Prices dipped a little even as supply tightened. That is worth noting: a tighter market does not always push prices up right away.

For context, Redfin reported that Chicago home prices rose 10.3% year over year in September. The West Loop Gate / Loop figure from the Real Estate Data Aggregator covers a different period and a specific ZIP code, so the two numbers tell different parts of the story.

Homes that did sell averaged 99.3% of list price, according to the Real Estate Data Aggregator. That is up 0.2 points from a year before. Sellers are getting close to what they ask. About 22.2% of homes sold above list price, though that share is down 2.8 points from last year.

The share of homes that went under contract within two weeks of listing jumped 10.5 points, to 29%, per the Real Estate Data Aggregator. Nearly 3 in 10 homes found a buyer within two weeks. That speed is a signal for both buyers and sellers watching this ZIP code.

The wider picture

Nationally, Realtor.com reported that mortgage rates topped 7% in September 2026. CNBC reported that a monthly payment on a median-priced home took roughly 33% of a median family's income in 2025. Affordability is a real factor for buyers everywhere, including here.

Realtor.com also reported that 20.8% of listings nationally took a price cut in September, the highest share since 2018. That is the national picture. In West Loop Gate / Loop, the Real Estate Data Aggregator shows a different story: supply is falling and pending sales are rising.

One note: these are ZIP code numbers. One building or one block can read very differently from the whole ZIP. If you want to know where your specific address stands, reach out.